The investment that LTO Network made in Scantrust in 2022 has turned into a full partnership. with this, LTO is a shareholder of ScanTrust, which means that this is one of the LTO's sources of revenue to fund staff, salaries, marketing, etc. this LTO + ScanTrust partnership started in 2020. ScanTrust is a Swiss technology company.
Now, we are taking the fight against counterfeit products to the next level.
"ScanTrust has Billions of Active QR Codes and products worldwide, and has joined forces with LTO NETWORK to use the power of our Layer 1 Blockchain to fight against counterfeit goods. ScanTrust will now offer LTO Network to bring security and additional transparency to its technology, this means that QR Codes have an additional blockchain option for consumers using ScanTrust technology.
The life cycle of each item can be tracked whether it's a luxury item, a bottle of wine, or their favorite sneakers, consumers can benefit from an added sense of security knowing it is an authentic product.
With this partnership, LTO Network shows strength for the adoption of Blockchain in Real World Assets." _ Rick Schmitz, CEO of LTO Network.