Blockchain Based Fake Product Identification System
The document presents a blockchain-based system for identifying counterfeit products, emphasizing immutable transparency, decentralized verification, and enhanced consumer trust. It outlines the limitations of existing centralized systems and proposes a solution that leverages blockchain technology to ensure product authenticity throughout the supply chain. The proposed system aims to improve security, reduce costs, and foster trust between consumers and manufacturers.
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Blockchain Based Fake Product Identification System
The document presents a blockchain-based system for identifying counterfeit products, emphasizing immutable transparency, decentralized verification, and enhanced consumer trust. It outlines the limitations of existing centralized systems and proposes a solution that leverages blockchain technology to ensure product authenticity throughout the supply chain. The proposed system aims to improve security, reduce costs, and foster trust between consumers and manufacturers.
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BLOCKCHAIN BASED FAKE
PRODUCT IDENTIFICATION SYSTEM
K.UDAY KIRAN – 20J21A0529
M.SAI KIRAN – 20J21A0546
MD.ADNAN AHMED -20J21A0549
N.HRITHIKESH KRISHNA – 20J21A0553
TITLE JUSTIFICATION
Immutable Transparency: Blockchain technology
offers an immutable ledger, meaning once data is recorded, it cannot be altered or tampered with. This transparency ensures that every step in the product's lifecycle, from manufacturing to distribution, can be traced and verified, thereby minimizing the risk of counterfeit products entering the market. Decentralized Verification: Traditional product identification systems often rely on centralized databases, making them vulnerable to hacking or manipulation. By leveraging blockchain's decentralized nature, verification can occur across a distributed network of nodes, reducing the likelihood of a single point of failure and enhancing security. Enhanced Consumer Trust: With the rise of counterfeit goods in various industries, consumers are increasingly wary of purchasing products of uncertain origin. Implementing a blockchain-based fake product identification system provides consumers with assurance regarding the authenticity of the products they buy, thereby fostering trust between producers and consumers. Supply Chain Integrity: Counterfeit products not only harm consumers but also undermine the integrity of supply chains. By utilizing blockchain to track and authenticate products throughout the supply chain, stakeholders can ensure that only genuine products reach the end consumer, thereby safeguarding the reputation of the entire supply chain ecosystem.
Cost-Efficient Authentication: Traditional methods of product
authentication often involve complex and costly processes. Blockchain technology streamlines these processes by automating verification through smart contracts, reducing overhead costs associated with manual authentication methods. ABSTRACT In recent years, block chain has received increasing attention and numerous applications have emerged from this technology. In our Project uses the decentralized Block chain technology approach to ensure that consumers do not fully rely on the merchants to determine if products are genuine. We describe a decentralized Block chain system with products anti-counterfeiting, in that way manufacturers can use this system to provide genuine products without having to manage direct-operated stores, which can significantly reduce the cost of product quality assurance The manufacturing as well as marketing of counterfeit or duplicate products and goods leads to consequential financial, health and safety threat to end users. It also has adverse effect on the economic growth of original manufacturers and businesses through revenue loss, product defamation, downtime, replacement expenses, forcing many brands to spend money on fighting counterfeits, trust among business partners can also be at risk, stealing sales etc. To overcome and stop these crucial effects of counterfeiting, a blockchain based system is used in identification of original products and also detects duplicate products to ensure the identification. In this project, with massive emerging trends in wireless technology, QR (Quick Response) codes and barcodes provides a technique to cut down the practice of counterfeiting the products. The fake products are identified using camera scanner, where QR or barcode of the product or goods is linked to a blockchain to store product details and guaranteed unique code of each product stored as blocks in the database. If the code in product matches, the notification will be sent to the customer indicating the authenticity of the product and else if it does not match the code in database, a notification will be sent to customer indicating that product is fake or counterfeited and notification is also sent to manufacturer about the place of purchase if customer accepts the request made by the application. This approach to cut down counterfeit ensures that consumers won’t completely rely on merchants to determine if products are original or forged. Introduction About Domain In today's interconnected global marketplace, the proliferation of counterfeit products poses a significant challenge to both consumers and businesses alike. From luxury goods to pharmaceuticals, the infiltration of fake products not only undermines consumer trust but also threatens public safety and compromises brand integrity. Confronting this multifaceted issue requires innovative solutions that leverage cutting-edge technologies to ensure product authenticity and traceability throughout the supply chain. One such technology that has emerged as a beacon of hope in the fight against counterfeit products is blockchain. Originally conceived as the underlying framework for cryptocurrencies like Bitcoin, blockchain has transcended its financial roots to revolutionize various industries, including supply chain management and product authentication. At its core, blockchain is a decentralized, distributed ledger that records transactions in a transparent and immutable manner. In this paper, we delve into the domain of blockchain- based identification systems, exploring their underlying principles, technological intricacies, and transformative potential. By harnessing the power of blockchain, these systems promise to redefine the way we authenticate products, ushering in a new era of trust, transparency, and accountability in the global marketplace. Existing System Existing system have use the current tracking system for Product delivery. In this method the admin can take all the control, so they can modify the data and also we need go for the third party for trust and making a security. This system has a lot possibility to change the real product when it’s going to customer. EXISTING SYSTEM DISADVANTAGES This system based on centralized system. It has a less security Data base handler can change the data PROPOSED SYSTEM Based on existing problems we propose the emerging technology is block chain. In our system has enable the communication between the customer and all other departments. Will make for this trusted system we generate the script using smart contract using Ethereum Block chain. Also introduced the Decentralized application for making user friendly GUI for the customer to see their details. PROPOSED SYSTEM ADVANTAGES Improve the security Make a trusted chain for privacy Its fully de-centralized application THANK YOU