Paper Key : IRJ************252
Author: Gaurav Sakure ,Suraj Rajput ,Yogesh Suryavanshi ,Suyog Bhosale,Prof. Rupali R. Bathe
Date Published: 01 Apr 2024
Abstract
These days, counterfeit products are a major worldwide issue since buyers are tricked into buying fake goods without having a way to verify authenticity. Blockchain has gained popularity recently because it encourages trust amongst untrustworthy contributors. Blockchain technology is used by this system to prevent the auctioning of phony goods. Through the use of blockchain, we enable creators or producers to add verifiable product serial numbers to balance sheets, which consumers may use to confirm the legitimacy of the product before making a purchase. Blockchain is crucial to proving that data was handled carefully and creating a secure environment. The suggested solution makes use of a custom algorithm to identify products that are counterfeit. Keywords: Blockchain, Counterfeit Products, Auctioning, Custom Algorithm.
DOI Requested