Product Identification System Using Block chain

Abstract

In recent years, block chain has received increasing attention and various applications have emerged from this technology. A renowned Blockchain application is that the cryptocurrency Bitcoin, that has not only been effectively solving the double-spending problem but also it can confirm the legitimacy of transactional records without counting on a centralized system to try and do so. Therefore, any application using Blockchain technology because the base architecture ensures that the contents of its data are tamper-proof. This paper uses the decentralized Blockchain technology approach to confirm that buyers don't fully depend on the merchants to work out if products are genuine. We describe a decentralized Blockchain system with products anti-counterfeiting; therein way manufacturers can use this method to supply genuine products without having to manage direct-operated stores, which may significantly reduce the value of product quality assurance.

Blockchain Technology Based Supply Chain Management System

“…This system analysis result, the cost of the initial product record contract will only cost 1.2893394289 US dollars, and the cost of each product sale process will cost 0.17415436749 US dollars, which is very lower than cooperating with reliable large chain stores. Counterfeit products are affecting the sales and profits of companies, blockchain based fully functional product genuineness system is used to stop product counterfeiting [4].…”