Australia Cracks Down on Fake goods with Blockchain

Lara Abdul Malak 25 May 2017

Less than a minute

Blockchain and Crypto News MENA DUBAI UAE

TBSX3 delegation of bitcoin/blockchain startups tackles fake goods

The Australian Business Review recently reported that it used a 44 alphanumeric character security cryptography to deliver a blockchain-based verification system. With Australian Blockchain Company TBSX3 the biggest trial to tackle the issue of fake goods was carried out. Names such as DP World Australia, DB Schenker and Hamburg SuD participated in the trial to track a bottle of wine from producer Ius. TBSX3 is part of a government backed delegation of bitcoin and Blockchain startups representing Australia.

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region. Lara worked with Unlock Blockchain until 2022.