I think the idea behind VET is nice but it is focused more on higher price products. Given that you need extra electronics or materials added to the product to guarantee the validity of the product, I would like something easier and more affordable towards the smaller guys.
I don't think people will ever stop buying the cheap knock-offs since they people pretty things at lower prices. So the fakes and duplicates will always exist. The technology needs to keep evolving since the conman will start trying to duplicate the chips as well.
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I agree with you on some points, other points I disagree. For cars, it can be a really useful thing to have everything safely stored on the blockchain. When I buy a second hand car, I really want to know the history of that car. When everything is safely stored on the blockchain, I would be able to check the whole history of that car. No matter if I buy a brand-new car, or a second hand ... This applies to many things more.
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What I mean by cheaper items is like for example a container that is worth like $5. There is no point in paying for the cost to add a chip for that and it wouldn't make sense because of the profit margins. I consider a car a more valuable product so it makes sense to know the blockchain history. What I am saying is that the crooks will find whatever loophole they can. So they could find a way to make the machine read certain values that make it look legit.
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