Review on Blockchain and Fake product identification using Blockchain

The proliferation of fake goods has had a significant effect on the industrial sector in recent years. According to the research, the number of occurrences involving bogus products has increased recently, which is hurting the company's reputation, earnings, and sales. Users must have a method t...

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Bibliographic Details
Published inInternational Conference on Computing Communication Control and Automation (Online) pp. 1 - 5
Main Authors Pitale, Rahul, Tajane, Kapil, Khandagale, Shreyash, Gadewar, Vidhya, Mhaisale, Aditya, Bidwai, Gayatri
Format Conference Proceeding
LanguageEnglish
Published IEEE 23.08.2024
Subjects
Blockchain
Blockchains
Consensus algorithm
Consensus Algorithms
Consensus protocol
Counterfeit Products
Counterfeiting
Data security
Fake products
Fraud
Ledger
Manufactured products
Proof of stake
QR codes
Reviews
Online AccessGet full text
ISSN2771-1358
DOI10.1109/ICCUBEA61740.2024.10774975

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Summary:The proliferation of fake goods has had a significant effect on the industrial sector in recent years. According to the research, the number of occurrences involving bogus products has increased recently, which is hurting the company's reputation, earnings, and sales. Users must have a method to identify if a product is real or false. The blockchain facilitates more transparent and easy transactions. Data security is increased by blockchain technology because once a block is formed, it cannot be changed or altered-even if there is just one alteration that affects the hash value. This essay offers a thorough analysis of the literature on the topics of blockchain, its applications, how it operates, and how it might be used to detect counterfeit goods. The goal is to look at the different types of fraud and the effects they have., this paper guides developers to design and evaluate consensus mechanism in blockchain systems.
ISSN:2771-1358
DOI:10.1109/ICCUBEA61740.2024.10774975