Fake product detection in textile industry

• Published in: AIP conference proceedings Vol. 2754; no. 1
• Main Authors: Kollu, Anusha, Kandukuri, Sai Srujan, Mundra, Venkat Deepak, Yerram, Abhishek, Challa, Sai Gopala Krishna Deekshith
• Format: Journal Article Conference Proceeding
• Language: English
• Published: Melville American Institute of Physics 05.09.2023
• Subjects: Blockchain; Counterfeit; Cryptography
• ISSN: 0094-243X; 1551-7616
• DOI: 10.1063/5.0161832

Blockchain is a popular technology that has a lot of potential. While financial transactions are the most well-studied use, it has the potential to agitate other markets. Blockchain eliminates the need for third party intermediaries, speeds up transactions, and increases transparency. The use of blockchain technology to deflate counterfeit items is the subject of this study. This paper presents an overview of several anti-counterfeiting solutions, as well as various blockchain technologies and the qualities that make blockchain particularly appealing for the use case. It has been demonstrated that decreasing counterfeits cannot be accomplished solely through technological means. We need a strong alert system to combat counterfeiters, as well as increased public awareness. These elements, when paired with blockchain technology, can result in a cost-effective and comprehensive strategy for counterfeiting reduction.