Secure Goods Storage and Anti-Theft Approach using Ethereum Blockchain

Abstract

At present, technological systems lack a secure and transparent method for tracking goods and preventing theft in e-commerce, leading to trust issues and data vulnerabilities. There is a pressing need for a comprehensive solution that integrates Ethereum blockchain, IPFS, and advanced cryptographic techniques to address these challenges and enhance the security and transparency of transactions. This research paper presents a robust system that harnesses the Ethereum blockchain, IPFS (Interplanetary File System), and advanced cryptographic algorithms to create a secure, decentralized approach for tracking goods and preventing theft incidents. Unique identifiers and related information will be sent to the mail of the customer and same should entered by the customer for successful transaction. By assigning unique identifiers to purchased products and employing cryptographic techniques to encrypt sensitive data, our system ensures both user privacy and the creation of an immutable transaction ledger. Users can efficiently manage their purchased goods, block stolen items, and communicate with sellers through an intuitive interface. Additionally, the system provides sellers with a comprehensive transaction history, enhancing accountability and transparency within the supply chain. Through this research, we demonstrate the effectiveness of our blockchain based anti-theft measures, underpinned by Ethereum, IPFS, and cutting-edge cryptographic algorithms, in fostering secure, trustless transactions. This work highlights the transformative potential of blockchain technology and decentralized protocols in revolutionizing security and transparency across diverse sectors.