NEW YORK, June 19, 2018 (Newswire.com) - Blue Bite announces a cost-effective, secure, and scalable service for high-value brands to authenticate items with the tap of a smartphone. Brands can additionally leverage this new, always-on, direct-to-consumer content channel, to provide exclusive experiences to product owners. (Consumers can get started by downloading the free iPhone app Decode, from the App Store today. For more information, visit: https://bluebite.com/authentication).
Counterfeiting is a major economic concern, growing at the same rate as the economy. According to the Global Brand Counterfeiting Report 2018, total global counterfeiting reached $1.2 Trillion in 2017 and is bound to reach $1.82 Trillion by the year 2020. Luxury goods have been particularly hard hit, where a "10% loss of sales" has been reported.
Counterfeiting is a challenge we're constantly battling, and it's something we can't totally control. And while there may always be a counterfeiting market and individuals who buy knockoffs, it is our job to protect our customers and brand by searching for a solution to mitigate this very real issue.
Andrea Orlandi, Head of Logistic and Forwarding at PINKO.
"Counterfeiting is a challenge we're constantly battling, and it's something we can't totally control. And while there may always be a counterfeiting market and individuals who buy knockoffs, it is our job to protect our customers and brand by searching for a solution to mitigate this very real issue," said Andrea Orlandi, Head of Logistic and Forwarding at PINKO.
With such a clear problem, brands know a solution is needed, but no existing solution addresses all of the challenges that come with authenticating products. Current services can cost "millions of dollars," and cater to brands or customers instead of both, a critical aspect for a lasting solution. To solve the trillion-dollar problem haunting brands and customers alike, Blue Bite has introduced its pay-for-performance authentication service.
Blue Bite is making product authentication available to everyone by democratizing the sophisticated systems required to enable item level authentication at scale. Blue Bite achieves this today with its end-to-end product authentication as a service suite. All brands, regardless of size, can now leverage best-in-class, item-level security, and pay one transparent monthly bill. (For full pricing breakdown visit https://bluebite.com/pricing.)
"When we learned of Blue Bite's authentication service we immediately jumped at the opportunity to implement this simple yet sophisticated and highly secure solution. In fact, we built an authentication app on top of Blue Bite's solution to ID and authenticate the sneakers at our conferences. Ensuring that the sneakers are authentic is imperative to our business," said Alan Vinogradov, Founder of Sneaker Con.
Blue Bite also empowers customers with the ability to authenticate products before they buy, ensuring the product is genuine. Blue Bite makes this possible through its web-based authentication experiences (which work across any NFC-enabled smartphones), and enables an even higher degree of security through its mobile app, Decode (currently available for iOS). Once installed, customers can simply tap an enabled product to both authenticate, and gain access to exclusive content.
Mikhail Damiani, Blue Bite CEO explains, "We realized that both brands and consumers have a role in fighting counterfeits, so we built an authentication service that is not only affordable but easily accessible and scalable, bringing product-authentication technology to everyone."
Because a user needs to have a product in-hand to interact with it, brands can be confident that those authenticating their products are in-fact real users with physical items. As a result, valuable content can also be securely embedded into the experience of owning a physical product. This item-exclusive content can include: access to events, entertainment media, early access to buy limited edition items, user feedback forms, and more. These kinds of experiences open up a world of possibilities for brands and their customers.
Blue Bite is launching its authentication suite with a number of brands including: Mr & Mrs Italy, PINKO, Sneaker Con, as well as an Italian jewelry and luxury goods brand, in collaboration with strategic partners Temera and Visionary Technologies. By implementing this authentication suite within their products, these brands are able to uphold brand integrity and ensure customer confidence in their purchase.
For brands looking to get started, Blue Bite's authentication suite works across major NFC manufacturers. NFC launch partners include: Smartrac, HID, and Lab ID. For more information, visit: https://bluebite.com/authentication.
Source: Blue Bite