Fake Product Identification Using Blockchain Technology
Prof. Yogita Pore · International Journal for Research in Applied Science and Engineering Technology · 2023
Abstract: The most significant problem affecting today's retail industry is product counterfeiting. Products that are counterfeited are just poor imitations of a legitimate brand. Due to the lack of transparency, supply chain management frequently experienced problems with service redundancy, ineffective coordination among departments, and lack of standardisation. Nowadays, it is very common for products to be counterfeited, and it is nearly impossible to tell if a product is fake just by looking at it. Various strategies, including RFID tags, artificial intelligence, machine learning, QR code-based systems, and many more, have been used from time to time to prevent product counterfeiting.