Scan data from Authenticity verification label ‘HiddenTag’ to serve as a successful economic indicator.

CK&B Co., Ltd. (CEO, KI HYEOK BAE), a provider of authenticity verification and anti-counterfeit solution, has said that its scan data from ‘HiddenTag’ is sure to be an indicator for the economy.

‘HiddenTag’ is an authenticity verification service where consumers can verify authenticity through the HiddenTag app after buying a product that has a HiddenTag label on it.

It’s been reported that consumer confidence is rising considering the fact that the number of downloads and scanning for HiddenTag has been higher in March than in January and February. 

A representative from CK&B said, “Export to China has plummeted to around $400 million in ten years in February by the suspension of production, but since March and April there are signs of recovery and entered into before the pandemic.”

He also added, “It is warning its clients and consumers about a spread of counterfeits after analyzing the ‘HiddenTag’ scanning traffic in China, Indonesia, Thailand, Japan, and so on.”