An Ethereum-based Product Identification System for Anti-counterfeits

TL;DR

This paper proposes an Ethereum-based system utilizing smart contracts and unique product identifiers to verify product authenticity, aiming to combat counterfeiting through transparent and traceable blockchain technology.

Contribution

It introduces a blockchain-based product identification system using smart contracts and unique identifiers to detect counterfeits, with an evaluation of gas costs and efficiency.

Findings

Smart contracts enable effective counterfeit detection.

Verification process is transparent and traceable.

Gas costs vary with implementation complexity.

Abstract

Fake products are items that are marketed and sold as genuine, high-quality products but are counterfeit or low-quality knockoffs. These products are often designed to closely mimic the appearance and branding of the genuine product to deceive consumers into thinking they are purchasing the real thing. Fake products can range from clothing and accessories to electronics and other goods and can be found in a variety of settings, including online marketplaces and brick-and-mortar stores. Blockchain technology can be used to help detect fake products in a few different ways. One of the most common ways is through the use of smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This allows for a high level of transparency and traceability in supply chain transactions, making it easier to identify and prevent the sale of fake products and the use of unique product identifiers, such as serial numbers or QR codes, that are recorded on the blockchain. This allows consumers to easily verify the authenticity of a product by scanning the code and checking it against the information recorded on the blockchain. In this study, we will use smart contracts to detect fake products and will evaluate based on Gas cost and ethers used for each implementation.