Anti-Counterfeiting of Products Using Blockchain

Abstract

In the modern world, industrialization has played a key role the in the development of the mankind. Enormous indus- tries/brands have come into existence to cater to the ever-growing demand for goods of consumers. While the original brands are serving the people with integrity, many illegal elements in the industry are producing copycat products with the cheapest quality and sell them as original products to the consumers. Such malpractice is known as counterfeiting of products which is a pressing problem that industries are facing nowadays. To counter this global problem we propose a solution, which will track the supply chain of the product by leveraging Blockchain technology. The system will aim to minimize the counterfeiting of products and in turn, increase the consumption of genuine products.