Detection of Counterfeit Products using Blockchain

Abstract

Supply chain management frequently faced issues such as service redundancy, poor coordination between several departments, and lack of standardization as a result of the lack of transparency. Product counterfeiting is something which is very common now-a-days and it’s almost impossible to detect a counterfeit product just by looking at it. Counterfeiters cause significant challenges for legitimate firms, yet far too many people have no idea of the entire amount of counterfeit items’ influence on brands. There are several methods devised in the past to get away with this problem of product counterfeiting. The most popular methods are using RFID tags, Artificial Intelligence, QR code based systems, etc. But each of them had few disadvantages such as the QR code can be copied from a genuine product and placed on a fake product, artificial intelligence uses CNN and machine learning which needs heavy computational power and so on. The idea of this project is to improve detection of fake products by tracking its supply chain history. This is achieved with Blockchain technology which ensures the identification and traceability of real products throughout the supply chain. Blockchain based system, makes everything decentralized that may be accessed by several parties at the same time. One of its main advantages is that the recorded data is difficult to change without the consent of all parties concerned which makes the data extremely secure and protect from all vulnerabilities. This paper presents system designed using blockchain technology for detection of counterfeit products.