VST Enterprises rolls out authentication technology in Zimbabwe

Monday 5 February 2018 09:49 CET | News

VST Enterprises, a UK-based consumer technology and security company, has been selected by Zimbabwe to develop new uses for its authentication technology, VCode.

VCode is a scannable technology that allows users to securely access personalised information no matter where they are, through a mobile phone or similar device. Each code is unique and matched to pre-set security parameters that can vary the level of access and information per user. The information can be set and tracked with real-time analytics in the VPlatform – a cloud-based tracking portal – by the organisation.

Following a collaboration with the UK’s National Graphene Institute at the University of Manchester, VST Enterprises has developed a method to etch micron-level VCodes onto minerals. This can be used by Zimbabwean authorities to tag minerals mined in the country to optimise traceability, ensuring both that they can be correctly taxed and to help the government tackle the pressing issue of illegal mining. Furthermore, this allows consumers to check that what they are purchasing is conflict free and manage ownership of the items via the VPlatform’s ledger system.

Working with Zimbabwean authorities, VST Enterprises is finalising plans to prevent both product counterfeiting and the smuggling of tobacco, alcohol and other high-value imports. Under the proposals, VCodes will be printed on the packaging of genuine products.

In addition to these important trade initiatives, VST Enterprises is supporting the Zimbabwean government in tackling the urgent issue of currency counterfeiting, working with it to create new bank notes that include an unforgeable VCode to verify their authenticity. A similar solution is being devised for a new national ID card system for the country.

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Keywords: VST Enterprises, VSTE, counterfeit goods, VCode, ID authentication, Zimbabwe, VPlatform, biometrics, VCode
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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