They develop a system through blockchain technology to prevent illegal trade in the Dominican Republic

The SICPA firm within the Dominican Republic, developed and started to execute within the Caribbean nation, a traceability system for alcoholic drinks and cigarettes by using blockchain know-how in an effort to stop evasion and illicit commerce.

Based on them, inside the Dominican Republic, adulteration and counterfeiting (apparently more and more frequent) have turn into an issue and a risk to well being and the native financial system, thus laying the foundations for the seek for design and improvement of instruments or options that, in accordance with them, enable to counteract the advance and impression of this downside in commerce.

Having mentioned that, SICPA in accompaniment and collaboration with the Dominican authorities have designed and carried out TRAFICOa blockchain identification, marking, identification and traceability system that seeks to counteract the issues of Dominican commerce.

For his half, Amaury Abreu, Basic Supervisor of SICPA He has indicated that the TRAFFIC improvement responds to the wants of the Dominican Republic to face its issues with new applied sciences.

“As pioneers within the authentication and traceability of merchandise, SICPA is dedicated to the Dominican authorities in offering technological options that make it doable to successfully fight illicit commerce, to guard shoppers from counterfeiting and adulteration that will trigger well being hurt, in addition to to keep away from tax fraud”Abreu identified.

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