Survey of the Importance of Implementing Blockchain Technology to Support Supply-Chain Management for Identifying and Tracking Counterfeit Products
Abdulmajed A Aldulaijan, Abdulrahman S. Almuhaidib, Sunday Olusanya Olatunji · 2023
The physical and online market is filled with products that are claimed to be genuine. The organizations that own the rights to these products paid huge amounts of money for these products to be delivered. Because of their cheap prices and their look very similar to the original products, counterfeits are invading the market. Unfortunately, some sellers are exploiting this by marketing their fake items claiming that they are genuine, unaware or sometimes not caring about the consequences. Therefore, this paper will study the importance of implementing a public supply chain ledger that is easy to access for everyone to investigate if the product in front of them is as genuine as it is claimed to be. For that, Blockchain technology is proposed here since it is built to be available to all authorized parties, easy to access and immutable.