Blockchain based System to Detect Counterfeit Product in Supply Chain
Authors: Prerana N. Khairnar, Tushar Chavan, Akash Bhoj, Piyush Patil, Datta Dhas
Abstract: Supply chain management faces numerous challenges, including service redundancy, poor inter-departmental coordination, and a lack of standardization due to transparency issues. Counterfeit products have become prevalent, making it increasingly difficult to discern genuine items from fakes. Counterfeiters pose significant threats to legitimate businesses, often underestimated by the public. Various methods have been proposed to combat product counterfeiting, such as RFID tags, Artificial Intelligence, and QR code-based systems. However, these solutions have their limitations, like QR codes being copied and AI's heavy computational requirements. This project aims to enhance counterfeit product detection by establishing a comprehensive supply chain history. Leveraging Blockchain technology ensures the identification and traceability of authentic products throughout the supply chain. The decentralized nature of the Blockchain system allows multiple parties simultaneous access, while its immutability safeguards data against unauthorized alterations. This paper introduces a blockchain-based system designed to detect counterfeit products, offering an innovative solution to combat a pressing challenge in the supply chain industry.
Keywords: Supply Chain Management Service, Redundancy Coordination Standardization, Counterfeit Products
Paper Id: 230377
Published On: 2023-11-17
Published In: Volume 11, Issue 6, November-December 2023
Cite This: Blockchain based System to Detect Counterfeit Product in Supply Chain - Prerana N. Khairnar, Tushar Chavan, Akash Bhoj, Piyush Patil, Datta Dhas - IJIRMPS Volume 11, Issue 6, November-December 2023.