Authenticating the Supply Chain Using Blockchain Technology

By integrating the Crypto-Tag™ and Mobile Application with Blockchain technology, we are empowering Brands, Retailers, and Consumers the ability to fight against counterfeit products.

About Us

Bonafi is on a mission to defend all brands and retailers big and small, and protect consumers from counterfeits by implementing a fail-safe authentication system using blockchain technology.

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Our Mission

Bonafi is on a mission to defend all brands and retailers big and small, and protect consumers from counterfeits by implementing a fail-safe authentication system using blockchain technology.

Current Global Problem

According to International Chamber of Commerce and a study done by Frontier Economics, it was estimated that the total global economic value of counterfeit and pirated goods was projected to be almost $1.8 Trillion by 2015.

The negative impacts of counterfeiting and piracy are projected to drain US$4.2 trillion from the global economy and put 5.4 million legitimate jobs at risk by 2022.” – International Chamber of Commerce

In 2013, the OECD (Organisation for Economic Co-operation and Development) estimated the value of imported fake goods worldwide was at $461 Billion. And, according to PwC (PricewaterhouseCoopers), total counterfeit market in 2013 generated $1.9 Trillion USD in revenue. The counterfeit pharmaceutical market was estimated to be $188 Billion, and the Electronics & Fashion Industry made up around $180 Billion.

The combination of counterfeit goods multiplying every year, and the lack of resources to combat these illegal activities, consumers are being tricked into paying for fake goods while the counterfeit companies steal market share from legitimate brands.

Billions USD

Our Solution

Crypto-Tag™

Our Crypto-Tag™ does not run on battery. Once scanned by an NFC enabled mobile device, power is sent through the air and the Crypto-Tag™ will automatically authenticate the product.

Mobile Application

Our Crypto-Tag™ does not run on battery. Once scanned by an NFC enabled mobile device, power is sent through the air and the Crypto-Tag™ will automatically authenticate the product.

Blockchain

Our Crypto-Tag™ does not run on battery. Once scanned by an NFC enabled mobile device, power is sent through the air and the Crypto-Tag™ will automatically authenticate the product.
How it works - Supply Chain Blockchain

©2018 Machine Thinking Systems, LLC, DBA Bonafi Blockchain Company

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