Comparative Analysis of Fake Product Identification System Using Blockchain Technology

Abstract

Fictitious products have emerged as a substantial challenge in the manufacturing sector, inflicting adverse consequences on a company's financial health, reputation, and overall prosperity. Thankfully, blockchain technology provides an effective remedy for discerning fake items and verifying the legitimacy of authentic ones, all within a decentralized and widely distributed digital ledger. Quick Response (QR) codes serve as pivotal tools in the fight against fictitious goods, as each product is now furnished with a QR code that acts as a direct bridge to the blockchain system, essentially bestowing each item with a digital identification card. QR code scanners communicate with the blockchain to promptly validate whether a product is genuine or fictitious. Moreover, customers can harness this technology to track a product's journey through the supply chain and authenticate ownership details, akin to a digital breadcrumb trail that securely preserves product information and unique codes as database blocks. Considering the globalized business landscape and the perpetual advancements in technology, industrial manufacturers and distributors are wholeheartedly committed to optimizing their supply chain processes, ensuring they remain one step ahead of fictitious product proliferation and fortifying their operations against the dissemination of spurious items. In this paper we compare Different Fake product identification Methods like Barcodes, QR Codes, RFID Tags, Serial numbers with methods using Blockchain technology which is having high security, transferability & traceability throughout Supply Chain.