AI and Blockchain Fighting Counterfeiting

AI and blockchain are combating counterfeiting in the luxury market through authentication providers like Entrupy, which uses AI and microscopy to verify authenticity with a 99.1% accuracy rate. Luxury brands are also implementing anti-counterfeiting measures at the source through initiatives like the Aura Consortium. Additionally, blockchain startup Micapass raised €240,000 to develop its on-chain AML compliance solution, aiming to combat crypto money laundering and improve regulatory compliance in the DeFi ecosystem.