The global trade of counterfeit goods reportedly rakes in half a trillion dollars per year, which isn't good for anyone. (Except for the counterfeiters themselves, I suppose.) As the fakes industry continues to grow, brands are looking to technologies like RFID (radio-frequency identification) and NFC (near-field communication) to help authenticate their products. This is where Blue Bite, a startup based out of New York City, hopes to come in. It has developed a system that relies on an iOS app, called Decode, that can tell consumers if an item is real by simply tapping their phone on it.
The Decode app spots fakes with NFC posted first on https://www.engadget.com
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