Nokia and SAP have announced plans to set up a company to supply technology to combat piracy and counterfeitin...
The company, to be known as Original1, will provide companies with systems to authenticate and track their branded goods from the point of manufacture to end user.
The systems will use a combination of SAP technologies, including encryption, secure databases and tamper-proof product codes on packaging.
Nokia will provide software for mobile authentication of goods that has been used for its mobile authentication services introduced in 2006.
Original1 will be headquartered in Frankfurt, Germany, under the leadership of Claudia Alsdorf, currently vice-president of SAP Research, according to the Financial Times.
Nokia and SAP have invested an undisclosed amount for a 40% stake each in the company. German banknote printing company Giesecke & Devrient will own the remaining 20%.
"Counterfeiting is a worldwide problem that is increasing and affecting many successful companies in all industries," said Alsdorf.