4 months ago SEATTLE–(BUSINESS WIRE)–#AutomotiveSecurityLabels–According to Coherent Market Insights, the global blockchain based solutions for security labels market was valued at US$ 22,311.2 Million in 2019 and is projected to exhibit a CAGR of 6.3% during the forecast period (2020–2027). The adoption of labels to prevent adulteration and counterfeiting of F&B products is a major trend in the market. For instance, according to Coherent Market Insights’ analysis in 2019, around 80% of food and beverages, pet and personal care products, and household products will feature a smart label within the next five years. The adoption of smart label technologies such as use of NFC and RFID technologies, and QR codes is a major trend observed in the