A Custom Blockchain Approach for Identification of Fake Product in Supply Chain Management of E-Commerce Portals

Abstract

Fake products create a huge negative impact in the market for both buyers and sellers. The sellers fails to deliver the product as per the consumers expectations and the consumers starts to doubt the quality and standards of the company which ultimately results in the negative marketing of the brand whose fake products are being circulated in the market. The most critical part about counterfeit products is that it can be harmful for the consumers. Since, the fake or counterfeit products are not restricted to any particular sector in the market therefore it has become important for us to detect these products and find a way to keep them out of the market. These products can be dangerous if we consider very dominating sectors of market like pharmaceutical and food supplies. To tackle such problems, we need to maintain a data, which is easily accessible to consumers where they can verify the details about the products and build a level of trust regarding the product authenticity. As we all know that no product is safe from counterfeiting due to the continuous growth in counterfeit products in the supply chain. It is degrading company's name and their profit; it also affects the customer, for example if this counterfeiting is done in pharmaceutical field, then it will directly affect the customer's health. To counter this problem, the research work has been proposed but not perfected. In this proposed approach, we will be using Blockchain technology to find genuineness of the product. Blockchain technology is generally a ledger system, which holds all the data of the transactions that take place on it. The unique thing about this technology is that the ledger that we mentioned here is a distributed ledger across a peer-to-peer network. Also, we propose a system where we store product's detail and its ownership status on architecture provided by Ethereum. We will be using QR code, which will be scanned by customer such that he/she will be able to find out the details of the product as manufacturing details, current owner etc. and will be able to determine whether the product is fake or real.