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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM35781
Volume:
8 |
6 |
Jun 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Product tracking using blockchain technology involves creating a tamper-proof and immutable record of a product’s journey from its creation to its delivery. This can be achieved by creating a digital ledger that records every step of the product’s journey, from its origins to the point of sale. Using blockchain technology for product tracking can provide a number of benefits, including increased transparency and accountability, reduced fraud, and improved efficiency. The use of blockchain technology can help prevent the production and distribution of counterfeit products by creating a secure and transparent supply chain. One of the key features of blockchain technology is its ability to create a decentralized ledger of all transactions that occur within a given network. Each transaction is verified by a network of nodes, making it nearly impossible to tamper with or manipulate the data stored on the blockchain. By using blockchain technology, manufacturers and distributors can track every step in the supply chain, from the sourcing of raw materials to the delivery of finished products to consumers. This can help ensure that every product is authentic and has not been altered or replaced with a counterfeit. In this application provides a blockchain-based solution for combating counterfeit products is the use of unique digital identities, or “cryptographic hashes,” for each product. These hashes are recorded on the blockchain, allowing anyone to verify the authenticity of a product by scanning its barcode or QR code. The digital identity can also include information about the product’s origin, manufacturing history, and other relevant details.
KEYWORDS
Publication Date
6/13/2024
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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