A blockchain-based application system for product anti-counterfeiting

• Main Authors: Ma, Jinhua, Lin, Shih-Ya, Chen, Xin, Sun, Hung-Min, Chen, Yeh-Cheng, Wang, Huaxiong
• Other Authors: School of Physical and Mathematical Sciences
• Format: Article
• Language: English
• Published: 2021
• Subjects: Science::Mathematics; Blockchain; Ethereum
• Online Access: https://hdl.handle.net/10356/145745
• Institution: Nanyang Technological University

In recent years, blockchain has received increasing attention and numerous applications have emerged from this technology. A renowned Blockchain application is 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 relying on a centralized system to do so. Therefore, any application using Blockchain technology as the base architecture ensures that the contents of its data are tamper-proof. This paper uses the decentralized Blockchain technology approach to ensure that consumers do not fully rely on the merchants to determine if products are genuine. We describe a decentralized Blockchain system with products anti-counterfeiting, in that way manufacturers can use this system to provide genuine products without having to manage direct-operated stores, which can significantly reduce the cost of product quality assurance.