From medicines to car parts, this smartphone app help to spot fakes

This app that can detect fake goods with 100 per cent accuracy will be available by next year

Fake Apps
Images:istock
Press Trust of India London
Last Updated : Jul 07 2017 | 6:56 PM IST
A smartphone app that can detect counterfeit goods - from medicines to car parts - with 100 per cent accuracy may be available to the consumers by next year, researchers say.

Every year, imports of counterfeited and pirated goods around the world cost nearly  $0.5 trillion in lost revenue, researchers said.

Counterfeit medicines alone cost the industry over $200 billion every year. They are also dangerous to our health - around a third contain no active ingredients, resulting in a million deaths a year, they said.

Also Read

Now, researchers at Lancaster University in the UK believe we are nearing a future without fakes, thanks to new quantum technology they have developed.

The technology will make counterfeiting impossible, they said.

"It is wonderful to be on the front line, using scientific discovery in such a positive way to wage war on a global epidemic such as counterfeiting, which ultimately costs both lives and livelihoods alike," said Robert Young, Professor at Lancaster University.

The researchers have created unique atomic-scale ID's based on the irregularities found in two-dimensional (2D) materials like graphene.

On an atomic scale, quantum physics amplifies these irregularities, making it possible to 'fingerprint' them in simple electronic devices and optical tags.

The new technology works via a smartphone app which can read whether a product is real or fake, and enable people to check the authenticity of a product through their smartphones.

The customer will be able to scan the optical tag on a product with a smartphone, which will match the 2D tag with the manufacturer's database.

This has the potential to eradicate product counterfeiting and forgery of digital identities, two of the costliest crimes in the world today, researchers said.

This patented technology and the related application can be expected to be available to the public in the first half of 2018, and its potential to fit on any surface or any product allows the technology to be used worldwide, they said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 07 2017 | 6:55 PM IST

Next Story