Frank Theeg
Founder
authentic.network
Authentic.network provides a blockchain-based solution that utilizes a patented cryptographic printing process to create secure, counterfeit-proof codes for physical products. This technology protects brands from economic losses and reputational damage caused by counterfeit goods, ensuring consumer safety and product authenticity.
- Artificial Intelligence
- Blockchain & Cryptocurrency
- Enterprise Software
- Logistics & Supply Chain
Updated 7 months ago
Funding
Raised to date
$3.1MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Counterfeit products lead to significant economic losses and reputational damage for brands, while also posing risks to consumer safety, particularly in sectors like pharmaceuticals and quality-sensitive goods. Existing authentication methods often lack the security and ease of use needed to effectively combat increasingly sophisticated counterfeiting techniques.
Solution
Authentic.network provides a solution for brands to combat counterfeiting by linking physical products to a digital twin using a patented cryptographic printing process. This process enables the creation of secure, copy-proof codes, called authentic.codes, that can be printed using conventional printers. When scanned with a standard smartphone, even offline or underwater, the authentic.code connects to a digital representation of the product, verifying its authenticity. The system employs blockchain technology to ensure the code's integrity and uses AI to detect and eliminate potentially contaminated codes, providing a multi-layered approach to counterfeit protection.
Target Audience
The primary target audience includes brands across various industries seeking to protect their products from counterfeiting, ensure consumer safety, and enhance brand reputation, with a particular focus on pharmaceuticals, luxury goods, and documents.
Features
- Patented cryptographic printing process transforms conventional printers into security printers.
- Blockchain technology connects physical codes with digital twins for immutable verification.
- AI-powered analysis of usage patterns to detect and eliminate contaminated codes.
- Compatibility with existing infrastructures, including conventional printers and standard smartphones.
- Offline scanning capability for authentication in any environment.
- Versatile applications, including NFT anchoring, counterfeit-proof medication, seals of quality, and secure logistics.
- End-to-end traceability for supply chain security.
- Brand engagement features, such as cashback, campaign management, and local services.