![]() By automating the supply chain, we replace manual paperwork normally done for contracts with digital contracts on the blockchain. These are subject matter experts who have experience in investigating and bringing legal action against bad actors. With a network of human professional authenticators overseeing the Hypercube software should be implemented. ![]() They are responsible for connecting information about counterfeiters and related networks among federal, state, and local law enforcement in the United States and globally to support investigations and successful prosecutions. Hypercube is a disruptive AI Blockchain evidence-based solution which creates federal benchmarks for a national counterfeiting index by sharing information on the identification of new and emerging schemes. Hypercube's AI-powered blockchain proposal for legal, regulatory, and administrative market segmentations to reduce data silos between public and private entities in the fight against counterfeiting. Reactively, there is a need for coordinated action among counterfeit stakeholders and law policymakers. To address these challenges, Hypercube proposes policy recommendations that addresses the lack of evidence in detecting counterfeit products along the supply chain, educate the public around data sovereignty with a decentralized DAO governance, and reactive measure to recover revenue and safely dispose of counterfeit products. Counterfeiting reduces capital going into research, and developments for U.S. IP brand protection is an issue for long-term national security as innovation does not happen overnight. Bad actors from hot spot producers like China are stealing from United States home grown research, development, and innovation. Unlike the rigorous anti-counterfeiting laws in the European Union ( ), the lenient United States laws do not punish an American citizen for buying counterfeits. Around 80% of these goods are produced in China, and 60% to 80% of those products are purchased by Americans. From 2000 to 2018, United States Customs seizures of infringing goods at United States borders has increased 10X, from 3,244 to 33,810. Hypercube's policy proposal is substantiated by comprehensive research on how despite counterfeiting being illegal, it is a business that generates over $509 billion of revenue annually. Bad actors lead to increased monitoring of the supply chain, consumer risks from lower quality goods, regulatory compliance costs, liability stemming from health and safety of consumers, organized crime networks, reputational risks, insurance and security costs. Bad actors can still spoof, manipulate, or abuse these methods. Counterfeiting occurs when IP brands are reproducible with solutions like barcodes, authentication technology and packaging along with sparse incident data, difficulty chasing bad actors, and lack of collaboration between merchants. Counterfeiting is one of the largest criminal enterprises in the world, with over $3 trillion worth of products in the supply chain each year ( ).Ĭounterfeiting leads to economic loss of market shares due to unfair competition practices. However, there is no standardized system that links everything together leading to potential exploits by bad actors. Technology has connected the world, reduced borders, and increased globalization creating a complex interdependent system for trade. In the past 100 years, there has been an integration of global markets from the dissolution of the Soviet Union, China's admission to the World Trade Organization, and the industrial revolution led by United State's technological advances.
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