Fake Product Identificaion Using Blockchain
Author(s):
Yash Chitroda, Utkarsha Gharat, Manish Kumar Jaiswar, Suvarna Aranjo
Keywords:
Counterfeit, Smart Contract, Quick Response Code, Blockchain
Abstract
The Counterfeit products have a strong effect on product manufacturing industries. They pose serious threats to the health and safety of consumers and also has huge impact on profit, sales as well as name of the company. Blockchain is the technology which can be used to reduce counterfeit goods and allow for faster product recalls. Blockchain is basically a digital ledger of transactions wherein the data is stored in the form of blocks and these blocks are linked to each other. Each block has a unique identifier which is known as hash value for its own block and also contains the hash value for its previous block. Thus Blockchain technology is tamper proof and this makes it secure. Consumers do not have to rely on any third party to ensure product safety. Consumers will be able to ensure the authenticity of products using Quick Response code instead of blindly relying on retailers and the manufacturers can also deliver the desired product to the consumers. All the details about the product and its transactions will be stored safely without any tampering with the help of smart contracts. The user will just have to scan the unique code on the product and the code is compared to that in the database. In the event that the code matches, the customer will be notified that the product is real, otherwise it will notify them that the product is fake.
Article Details
Unique Paper ID: 159229

Publication Volume & Issue: Volume 9, Issue 11

Page(s): 783 - 788
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