Blockchain-Based Anti-Counterfeit Product Identification System
Yen Xuan Lo, Chye Cheah Tan · 2023
In recent years, blockchain technology has emerged as a revolutionary technology with the potential to disrupt traditional business structures and transform the way data is stored and shared. One of the key advantages of blockchain is its ability to provide tamper-proof data, making it an ideal solution for addressing the growing problem of counterfeit goods. This paper presents a practical anti-counterfeit product identification system that leverages the unique capabilities of blockchain technology. The proposed system provides a secure and transparent platform for tracking and verifying the authenticity of products across various industries. Through extensive testing and evaluation, it has been demonstrated that this system effectively reduces the prevalence of counterfeit products and increases consumer confidence in the authenticity of their purchases.