NFC Authenticates Precious Metals

By Claire Swedberg

MintID's authentication solution includes an app and an NFC and RFID tag that collectors and retailers can read using a smartphone in order to prevent counterfeits, learn a product's market value and streamline the sales process.

Precious metal investment company MintID is offering a technology-based solution to help retailers and collectors ensure the authenticity of the silver or gold coins or bullion products they purchase or sell. The solution employs Near Field Communication (NFC) chips from Identiv, using MintID's secure AES-128-bit encryption protocol, as well as MintID's own software platform and Android- and iOS-based mobile app. The solution is aimed at thwarting co...

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