Paper Details

Developing a Smart, Integrated System Linked to Block Chain Technologies for Enhancing Product Trust

Vol. 9, Jan-Dec 2023 | Page: 24-28

Updesh Sachdeva
Mount Olympus School, Gurugram, Haryana, India

Received: 02-01-2023, Accepted: 20-02-2023, Published Online: 02-03-2023


. Download Full Paper

Abstract

The use of blockchain technology to identify counterfeit goods is the subject of this paper. Products that are counterfeit have emerged as a major problem on the global market, posing risks to consumers' health and safety as well as significant financial losses to businesses. By creating a secure and immutable record of the origin and movement of goods, blockchain technology has the potential to address this issue. We investigate the characteristics, advantages, and drawbacks of blockchain technology. We also discuss current product identification methods and how blockchain technology can improve them. An example of how blockchain technology can be used to identify counterfeit pharmaceuticals, one of the most important areas of concern, is presented in this case study. The findings demonstrate that the immutable record of product provenance, improved traceability, and decreased risk of fraud make blockchain technology an effective tool for identifying counterfeit goods.

References

  1. N. Satoshi, Bitcoin: A Peer-to-Peer Electronic Cash System, (2008).
  2. J. Leng, P. Jiang, K. Xu, Q. Liu, J. L. Zhao, Y. Bian, and R. Shi, ‘‘Maker chain: A blockchain with chemical signature for self-organizing process in social manufacturing,’’ J. Cleaner Prod., vol. 234, pp. 767–778, Oct. 2019.
  3. JINHUA MA 1, SHIH-YA LIN 2, XIN CHEN 1, HUNG-MIN SUN 2, YEH-CHENG CHEN 3, (Graduate Student Member, IEEE) AND HUAXIONG WANG 4 A Blockchain-Based Application System for Product Anti-Counterfeiting (2020).
  4. Satoshi Nakamoto, Bitcoin: A Peer-to-Peer Electronic Cash System retrieved from bitcoin.org, (2009).
  5. N. Alzahrani, Block-supply chain: A brand-new anti-counterfeiting supply chain using NFC and blockchain, (2018).
  6. C. Shaik, Computer Science & Engineering: An International Journal (CSEIJ), 4, (2021).
  7. Atlanta, Georgia, USA, Tech. Rep. Press 12. Hargreaves, S.: "Counterfeit goods growing in risk," CNN Money, (2012).
  8. S. F. Roy and M. Jerremy, "African Counterfeit Pharmaceutical Epidemic: The Road Ahead," ACAPPP, 2009.
  9. "WHO | Growing Threat from Counterfeit Medicines," Bulletin of the World Health Organization, vol. 88, no.4, pp, 2010.
  10. Hult, G. Tomas M., D. J. Ketchen, and M. Arrfelt. "Strategic supply chain management: Improving performance through a culture of competitiveness and knowledge development." Strategic Management Journal, vol. 28, 2007, pp. 1035–1052.
  11. Wang, William Y. C., and H. K. Chan. "Virtual organization for supply chain integration: Two cases in the textile and fashion retailing industry." International Journal of Production Economics, vol. 127, 2010, pp. 333-342.
  12. Sturm LD, Williams CB, Camelio JA, White J, Parker R (2014) Cyberphysical vulnerabilities in additive manufacturing systems. (SFF) Symposium pp: 951–963.
  13. Turner H, White J, Camelio JA, Williams C, Amos B, et al. (2015) Bad parts: are our manufacturing systems at risk of silent cyberattacks?. IEEE Secur Priv 13: 40–47.
  14. Vincent H, Wells L, Tarazaga P, Camelio J (2015) Trojan detection and side-channel analyses for cyber- security in cyber-physical manufacturing systems. Procedia Manuf 1: 77–85.
  15. Ang, K.H., Chong, G., Li, Y.: Visualization Technique for Analyzing Non- Dominated Set Comparison. In: 4th Asia-Pacific Conference on Simulated Evolution and Learning (SEAL 2002), Singapore, vol. 1, pp. 36-40 (2002)
  16. Lien, S.Y., Shieh, S.L., Huang, Y., Su, B., Hsu, Y.L., Wei, H.Y.: 5G new radio: waveform, frame structure, multiple access, and initial access. IEEE Commun. Mag. 55(6), 64–71 (2017)