Authors:
Maruf Farhan, Rejwan Bin Sulaiman

Addresses:
1,2Department of Computer Science and Engineering, Northumbria University, London, United Kingdom. marufrigan9@gmail.com1, rejwan.sulaiman@northumbria.ac.uk2

Abstract:

Fake products have become a common term in business, especially in the consumer market. Due to the fake products, companies are going through a lot of financial losses, hampering the brand name, and at the end of the day, every day, they are losing customers. Product counterfeiting is rampant in the modern economy, and it is difficult to detect whether the product is genuine or fake by simply looking at it. In Bangladesh, the market is full of fake products, making it difficult for local customers to detect them. Because of those counterfeit products, legitimate companies are facing issues. Several historical solutions have been developed to overcome the issue of product counterfeiting. Among the most widely used approaches are RFID tags, AI, QR code-based systems, etc. However, the mentioned system has some drawbacks. For example, a QR code can be copied from a genuine product and put into a fake product. The objective of the project is to enhance the identification of counterfeit items. Utilizing blockchain technology facilitates this capability, enabling the distinct identification of products and subsequent monitoring across the whole supply chain. The use of distributed ledger technology, commonly known as Blockchain, enables multiple people to access and see the data concurrently. One of the primary advantages of the system is its robustness against unauthorized modifications to the recorded data, necessitating the consensus of all relevant parties. This attribute enhances the security of the data, shielding it from potential weaknesses. This study presents a novel approach to detecting counterfeit products using blockchain technology.

Keywords: Developing Blockchain Technology; Identify Counterfeit Items; Supply Chain's Effectiveness; Potential Weaknesses; Counterfeit Products; Fake Products; Losing Customers; National Consumers' Rights; Decentralized Application System.

Received on: 05/01/2023, Revised on: 15/04/2023, Accepted on: 07/07/2023, Published on: 17/12/2023

FMDB Transactions on Sustainable Technoprise Letters, 2023 Vol. 1 No. 3, Pages: 123-134

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