Crypto anchors are digital footprints which can help companies as well as ordinary consumers check the product’s authenticity. They can be either codes or small, really small computers embedded in the product itself and tied to the block chain. Block chain saves digital info about the product which can then be used to carry out the product’s identification. Crypto anchors have sensors and algorithms which can’t be tampered with. This technology can help the world’s economy as it loses billions of dollars due to various fraudulent practices. Moreover, it can help people to feel more secure about the product and not to spend their money in vain.