Blockchain fun fact 16
date: 22/02/2021
Notarisation in the fight against crime
Money laundering
Money laundering has changed a lot since the days of the Godfather, with ever more sophisticated methods being used. €110 billion are said to be laundered in Europe through forged documents every year. Sophisticated methods require sophisticated solutions, such as blockchain-enabled notarisation with EBSI to verify the provenance of documents and currency in online transactions.
Fake labels on food and beverage
Thanks to EU legislation, farmers around Europe are producing our food more responsibly, certifying their compliance with relevant laws through labels on food packaging. Just think of how many organically farmed eggs you see in supermarkets these days. But are all these labels what they seem? It is thought that roughly 1 in 5 labels in Europe could be false. This goes to show the real impact that a solution like EBSI notarisation could have on wide-ranging topics from the fight against climate change to animal cruelty.
Fake COVID-19 tests
Governments around Europe are reacting to the unprecedented health crisis with measures to restrict unnecessary travel across borders. For example, those who need to travel, for work reasons or to return to loved ones, must present a negative COVID-19 test to prove they are not contagious. Criminals are already seizing this to sell fake COVID-19 test certificates to travelers. This fraudulence would be far more difficult if such test certificates had to be certified in a blockchain solution.