Online Marketplaces Leverage Technology to Tackle Fake Products
Selling a product online allows businesses to reach a wider audience and new customers. Companies have started leveraging technology to reduce the rate of return of products faced by online marketplaces, reports Payal Ganguly for ET Bureau. Online marketplace Luxepolis is venturing into the trend by utilizing Radio Frequency Identification (RFID) technology to tackle the problem of returns. Luxepolis sells products ranging from designer apparel to high-end automobiles. The company uses near-field communication (NFC) enabled tag and reader to decipher codes that are unique to every product in order to validate the returned item.
Related Posts
Smuggling, piracy hindering India’s manufacturing growth: Ficci
NEW DELHI: Widespread smuggling, counterfeiting and piracy can affect India's...
Uganda adopts SMS to check fake farm inputs
REAL DEAL: Each year, Uganda loses $1.5 billion of revenue in counterfeit...
Two held with fake liquor bottle caps
Prayagraj: A joint team of Jhunsi police and excise department on Wednesday...
Altab Ansari, alleged mastermind of 15 kg precious metal smuggling scam, arrested from Bara
Police have arrested Altaf Hussein Ansari, an alleged mastermind of a recent gold...