GRENZE International Journal of Engineering and Technology
Vol. 10
(2024), Issue 1
Product Counterfeit Protection and Tracking with Blockchain Technology
Authors
Priya Shelke, Suruchi Dedgaonkar, Viraj Kurhade, Shreyash Kotgire, Ganesh Bhange
Abstract
In recent years, circulation of fake products has devastated the product manufacturing industries. This has an impact on the companies' brand, revenue, and profitability. Blockchain technology is used to identify genuine goods and identify counterfeit goods. This has huge use case in pharmaceutical, electronic and high value deliverables industry. It would be great application for diminishing the fake product flow in market. Blockchain technology is a distributed, decentralized digital ledger that keeps track of transactions in a number of databases in the form of blocks that are related to chains. No block can be changed or hacked because blockchain technology is secure. Customers or consumers can certify the safety of a product without relying on third parties thanks to blockchain technology. Using new technological advancements, Quick Response (QR) codes offer a powerful method in this project to combat the practice of manufacturing phony goods. Integrity of products can be maintained by integrating blockchain technology using QR codes. This system will store the authentic product details and unique codes as blocks. System collects the unique codes using QR codes and matches those codes to entries in the Blockchain database. If the code from QR matches to the codes in the databases the user will be prompted as it is a legitimate product, or else it will alert the user as product is fake
Pages:
1457 - 1464