Blockchain technology preventing fraud products.

[VeryWellDone]

Has anyone tried using blockchain tech to check a tangible product's traceability and how is it effective?

I've honestly haven't tried one yet but I do believe that blockchain can excel in that area, considering that no one can just fake things here. LuxTag does that for tangible products to make sure that it's legit and they are using Symbol blockchain to keep things streamlined and cost-effective. Very interesting that they can maintain their branding/app name and still use all the benefits of Symbol too.
https://symbolplatform.com/latest/a-deep-dive-into-businesses-using-symbol-luxtag

Can this be applied to ALL industries? Ecommerce, Food, Jewelry, etc.?

[Rollinginthedeep]

It can be applied yes. Blockchain revolutionizes the way that we prove certain things are legit, and really solves a lot of existing issues with cybercrime, etc.

[VeryWellDone]

Very interesting that they can maintain their branding/app name and still use all the benefits of Symbol too.
https://symbolplatform.com/latest/a-deep-dive-into-businesses-using-symbol-luxtag

If Symbol can maintain this flexibility where people can integrate the APIs from Symbol into their existing system flawlessly, then this is very valuable to everyone.

Even for the Symbol token as well, it will definitely bump up their prices, knowing that they're already being used everywhere.

[ansi]

Since Blockchain is mainly know or it's " can't be changed or modified for eternity ", it can actually be the best technology for Fraud Protection indeed.
There is lots of Dapps out there doing it already & can be applicable to real life projects & merchandises & ...

[masterrex]

I think thats one of a unique characteristic of the Blockchain Technology By promoting decentralization including transparency because you cannot change any data once it was already broadcasted to the Network thats why we can be sure that all of the published data from the Blockchain or Network is authentic. 

[tinakoya]

If we could have a blockchain technology with such solution, it would be great. With several unreliable and scam projects that keep surfacing, the industry really need it. I don't see how a project can profit from being a blockchain police though as this could be possible but such process required adequate funding as well

[Pegasus]

There were some projects aiming on this feature, such as VET or Wabi. So far, VET is the most prominent one. Symbol will need to do a lot of things to overcome VET's shadow. That's not an easy task. However, real usage is the most important thing in this cryptocurrency market. If Symbol could end up a partnership with a big brand, it would become the biggest player in the niche.

[LogiC]

It can be applied yes. Blockchain revolutionizes the way that we prove certain things are legit, and really solves a lot of existing issues with cybercrime, etc.

Yes it can but never heard of such company or blockchain that has been sucessful on its implementation or likely to go world wide.

Blockchain application is very broad and using it on stuff like this could improve such data checking and processes.

There were some projects aiming on this feature, such as VET or Wabi. So far, VET is the most prominent one. Symbol will need to do a lot of things to overcome VET's shadow. That's not an easy task.

Really vet has this kind of feature? It seems they have some potential to be more adopted.

[Andruha1993]

I think everything is possible with blockchain. Because this is such a unique innovation thanks to which you can change our world.

[Gurjasmeet Singh]

I think it's not true, but l studied this technology is clarified the idea of any project. Because this technology working based on crypto currency. I think it must be used ,then we see lot of fake projects.

[Nostoman]

You cannot change the information published in Blockchain technology even if you want to. Because I don't know the importance of blockchain. However, I believe every piece of information in the blockchain. Developed countries like Japan believe in blockchain very much. However, to understand the importance of blockchain, you need to understand all things related to cryptocurrency market and crypto. So I support blockchain technology. I wish this blockchain would gain prominence.

[Bobcrypto]

Has anyone tried using blockchain tech to check a tangible product's traceability and how is it effective?

I've honestly haven't tried one yet but I do believe that blockchain can excel in that area, considering that no one can just fake things here. LuxTag does that for tangible products to make sure that it's legit and they are using Symbol blockchain to keep things streamlined and cost-effective. Very interesting that they can maintain their branding/app name and still use all the benefits of Symbol too.
https://symbolplatform.com/latest/a-deep-dive-into-businesses-using-symbol-luxtag

Can this be applied to ALL industries? Ecommerce, Food, Jewelry, etc.?

Yes, actually the blockchian has come to change the ways things are being done on many sectors of the economy of the world and I think this is just the beginning of good things to come. Obviously, the Blockchian has affected all most all part of the economy positively. For example,
In my own opinion, the Blockchain has bridged the gap between buyers and sellers by reducing the interference of third party intermediaries. The technology, in the form of Blockchain wallets, have eased the process of peer-to-peer payments.

Again, the Blockchain technology has also proven to hold potential to change the landscape of public transportation and ride sharing economy

Other notable area that the blockchian has played a big roll include, Banking and financial services, Real estate, healthcare, Agriculture etc.

[Tanimariya]

Adding any product or project to finance and blockchain improves the quality of the project or product. The importance of blockchain is a lot. So if you want to make the project a success, it is important to be a member of the blockchain. Using blockchain keeps things neat and expensive. More and more popularity continues to grow. So every product or project should be listed with blockchain.

[Hope4life]

Yes, of course blockchain can avoid and identify fraud products. Blockchain can be used because it's transparent, effective, and efisien. There are a lot project that use blockchain nowaday.

[bigcash2011]

There are already projects that are develiping such kind of solutions, as far as i remember Ambrosus is one such project and its token is also very under valued right now i expect it to grow big in future so good choice right now.