There are two main elements of progress beyond the state of the art.
• First our PUF has 1Mbit of entropy, two orders of magnitude larger than commercial PUFs and PUFs presented in the scientific literature.
• Second, the innovative authentication procedure based on federated trusted authorities is robust and resilient.
With AuthentIC, Quantavis targets a huge potential market with the aim of conquering a niche sufficient to sustain a dedicated business line. Indeed, the amount of total counterfeiting globally reached to 1.2 Trillion USD in 2017 and is bound to reach 1.82 Trillion USD by this year, which includes counterfeiting of all equipment/products from defence equipment to counterfeiting of watches [GBCR2018]. According to a study led by the European Union’s Intellectual Property Office (EUIPO), counterfeit bags, clothing, smartphones, and fraudulent drugs cost the European economy a loss of €60 billion each year.