A BLOCKCHAIN-ENABLED FRAMEWORK FOR DETECTING AND PREVENTING COUNTERFEIT PRODUCTS

Consumers and businesses alike are becoming increasingly concerned about the prevalence of counterfeit goods. The presence of counterfeit products on the market jeopardizes consumer safety as well as business finances and reputations. Because blockchain technology is secure and decentralized, users will be able to recognize and avoid counterfeit products more easily. This study looks into whether blockchain technology can be used to detect counterfeit items. This research looks at the core concepts underpinning blockchain technology and how they can be used to create a reliable and accessible system for product identification. We present a novel approach for certifying the validity of an object using blockchain technology and smart contracts. Businesses can utilize this notion to assign unique digital identities to physical objects and record them in a distributed ledger. Consumers can check the validity of a product by scanning a QR code. Furthermore, we assess the potential benefits of employing blockchain technology for product identification, such as enhanced transparency, lower fraud rates, and higher customer confidence. Finally, we look into the drawbacks of employing blockchain-based systems for product identification, such as interoperability and scalability issues. Our findings suggest that employing blockchain technology to identify and eliminate counterfeit products from the market could be a viable strategy. Consumers and businesses are protected from the negative consequences of counterfeit products due to the system's decentralized structure and high level of security. It also gives a simple and dependable framework for establishing the validity of an item or notion.