Shopify to leverage blockchain to eliminate counterfeits

A newly developed plugin for popular eCommerce platform Shopify will leverage blockchain to eliminate the sale of fake products on its online portal. A recent report published by Statista shows that online purchases will exceed seven hundred and forty billion US dollars ($740 billion) by 2023. Amid the tremendous surge in demand, there exists a persistently troubling issue concerning the sale of counterfeit items. A Washington Post report published on 24th December 2019 suggests that over seven hundred and fifty online retailers allow misrepresented products on their platforms. What’s more shocking is that more than ninety percent of these sellers