TraceChainBD: Securing Supply Chains from Counterfeiting in Bangladesh with Blockchain and IoT Integration
Sagar Karmoker, Muhammad Adnan Khan, Sanjida Alam Lamia, Mobinul Ahasan Tanjid, Shahriar Sadman Dihan, Nur Adnan Chowdhury Anik · 2024
The scheme uses blockchain technology in Bangladesh’s supply chain to eliminate counterfeit products, improve tax compliance, and build consumer trust. By ensuring product authenticity, it safeguards brand reputations and boosts government revenue. Manufacturers, distributors, and retailers can enter product data which will then generate QR codes. In case of receiving the product or checking its authenticity, they can scan these QR codes via their mobile or a dedicated IOT device and all the information will be stored in Blockchain. Since blockchain data is secure and immutable, it cannot be altered, consumers can easily check product details by scanning QR codes, and if a product is flagged as suspicious, the Mobile Court Management System can trace its origin. This blockchain-based approach ultimately helps prevent counterfeit goods from entering the market and enhances the government’s ability to collect taxes.