Authentication of Product and Counterfeits Elimination Using Blockchain
Mrs Shanmuga Priya R, Pranav R Mandewalkar, Ravi Shankar S, Sonal Kabadi, M Umera · International Journal for Research in Applied Science and Engineering Technology · 2023
Abstract: Blockchain technology have drawn a lot of attention over the past few years. Even though financial transactions are the most researched use, it might upset other markets. With blockchain, there is no longer a requirement for reliable middlemen, which improves transaction transparency. The deflation of fake goods using blockchain technology is the subject of this study. This article provides a review of several anti-counterfeiting strategies, as well as blockchain technology and the features that make them particularly appealing for the use case. The development of an existing system concept is being pursued further, and three distinct concepts have been developed. There is evidence that reducing counterfeits cannot be done purely through technological means. Raising public awareness and pursuing legal action against counterfeiters. Both a reliable alarm system and tamper-proof packaging are essential. These components can produce a cost-effective and all-encompassing strategy to reduce counterfeiting when combined with blockchain technology.