Validate goods in the Supply Chain
Counterfeit goods are more than just a financial nuisance, costing us nearly $500 billion annually - they are a critical issue affecting health, safety, and national security.
Without a tamperproof way for consumers to verify the authenticity of products, whether they're shopping online or in person, counterfeit goods will continue to plague the economy. Manufacturers have tried using printed QR Codes, but the FBI and other government organizations have warned consumers about how easy it is to manufacture fraudulent printed QR Codes.
HMIDTags.com presents a groundbreaking solution to combat this issue, ensuring product authenticity from manufacturer to end-user.
HMID Tags offer the most secure and efficient way to combat fraud and counterfeits in the global marketplace. By leveraging cutting-edge cryptographic technology and user-friendly verification, we're creating a future where product authenticity is easily verifiable.
How It Works:
1. Manufacturer Preparation:
Manufacturers order HMID Tags, each with a unique MultiKey identity key and a prefix URL for their validation service.
2. Product Authentication:
The manufacturer scans the HMID Tag to obtain the MultiKey identity key. Using the MultiKey protocol, they retrieve two crucial key values: "password" and "URL".
3. Secure Attestation:
The manufacturer creates an attestation about the manufactured good. The attestation is encrypted using the password key. This encrypted attestation is posted online, retrievable by the verification service using the URL key.
4. Product Distribution:
The HMID Tag is affixed to the product or its packaging. The authenticated product is then shipped to distributors and retailers.
5. Consumer Verification:
Any person with access to the product (as being transported, in the warehouse, store, or delivered to the consumer) can scan the HMID Tag using their mobile device. Scanning opens a link to the manufacturer's verification service.
6. Instant Verification:
The verification service uses the MultiKey to compute the URL and password keys. It retrieves the posted attestation using the location key, decrypts the content, and presents it to the user.
Why This System is Unbeatable:
-Near-Impossible Replication: HMID Tags are extremely difficult to duplicate, providing a foolproof method of authentication.
-End-to-End Security: From manufacturer to consumer, the product's authenticity can be verified at any point.
-User-Friendly: Simple scanning process makes verification accessible to anyone with a smartphone.
-Real-Time Information: Manufacturers can update attestations, providing current information about the product.
Benefits:
-For Manufacturers: Protect brand integrity< combat revenue loss from counterfeits, and reduce insurance cost.
-For Retailers: Ensure the authenticity of products and build customer trust.
-For Consumers: Confidently purchase genuine products and avoid potentially harmful counterfeits.