Counterfeit products have detrimental effects on consumers in various ways. They pose significant risks to consumer health and safety as counterfeit goods often fail to meet quality and safety standards. From counterfeit medications with ineffective or harmful ingredients to counterfeit electronics prone to malfunctioning, consumers are exposed to potential dangers. Consumers also suffer financial losses when purchasing counterfeit items, as they are deceived into paying for substandard or fraudulent products. Furthermore, counterfeit goods undermine trust in legitimate brands and businesses, creating a negative impact on the economy. However, in the future, it may be easier for users to spot counterfeit or fake goods, all thanks to a mobile optical AI solution.
FeaturePrint relies on AI to identify distinct features of a product
FeaturePrint is an innovative artificial intelligence (AI) powered optical AI solution developed by Alitheon that claims to be able to detect counterfeits with just a single photo. The implications of unwittingly selling a fake piece of art are severe, potentially irreparably damaging an auction house’s reputation. Shockingly, the United Nations Office on Drugs and Crime estimates that the underground art market, including thefts, fakes, and illegal imports, could generate up to a staggering $6 billion annually. FeaturePrint can be a one-stop solution to the same.
With FeaturePrint, Alitheon offers a straightforward and effective solution to combat the counterfeit problem. By capturing a single photo using an iPhone, this optical AI solution can analyze and convert the intricate surface details of a physical item into a unique mathematical identity. Alitheon emphasizes that this identification process isn’t based on an image but rather a set of numbers that characterize the distinct features of an object. By preserving only the information that makes an item truly unique, FeaturePrint can effortlessly discern genuine products from counterfeits.
Unlike traditional identification systems that rely on stickers, barcodes, QR codes, or RFID tags, FeaturePrint’s machine vision and optical AI algorithms eliminate the need for these proxies. Alitheon’s approach ensures that the object itself becomes its own identifier, rendering it impossible to obscure, detach, or counterfeit. By removing the reliance on external identification proxies, FeaturePrint tackles the inherent weaknesses and vulnerabilities of conventional systems.
While FeaturePrint cannot definitively determine if a product is counterfeit, it serves as a reliable tool to confirm the authenticity of registered items. Although not available through smartphone app stores, Alitheon provides FeaturePrint as a business-to-business solution, directly assisting customers. Alitheon has been recognized by the London Bullion Market Association (LBMA), the world’s leading independent standards authority for the global precious metals industry, as one of only five companies to support LBMA’s Gold Bar Integrity (GBI) initiative. As the precious metals markets face increasingly pervasive human rights, environmental and economic threats, the aim of the GBI Initiative is to combat illicit trade and reduce the entrance of fraudulent bars into the global gold supply chain.
RELATED:
- Apple launches Ember Temperature-Controlled Travel Mug with Find My support
- Apple Expected to Earn $39.433 Billion Thanks to AR/VR Headset by 2030
- Best ChatGPT Extensions for Chrome
(Via)
