Detecting Fake Products Using Blockchain






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Detecting Fake Products Using Blockchain

Rajya Lakshmi, Ankur Kumar, Rani Pal, Anant Saraswat

Abstract: In today's world, counterfeit products are a serious issue affecting both consumers and businesses. Counterfeit goods harm supply chains, economies, Legitimate manufacturers lose revenue and consumer trust, consumers face health risks and as well as financial loss. In the past, a number of technologies have been put forth to resolve this problem such as QR Codes, RFID Tags, and machine learning, but each one came with some drawbacks, such as RFID Tags and QR Codes susceptibility to cloning and requirement of huge amount of dataset for machine learning algorithms. The idea of this project is to use Blockchain to fight counterfeit products, through the use of decentralized and transparent ledgers, we aim to provide a reliable solution for verifying the authenticity of products, ensuring that consumers receive genuine items. Blockchain's decentralized structure provides an additional degree of protection, making it a strong contender in the continuing war against fake goods.

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