Securing Supply Chains: Blockchain’s Shield Against Counterfeit Products

Globalization and advancements in trade facilitation have opened up new possibilities for polluting trade routes with counterfeits. Consequently, protecting goods and prod- ucts against counterfeiting has become critical for intellectual property owners worldwide. Yet, conventional safeguards of adding protective elements and safety features have proven inadequate. Over the past decade, blockchain technology has emerged with a promising po- tential to become a veritable tool in safeguarding supply chain authenticity. The proposed system presents an effective counterfeit detection system using blockchain technology. The proposed framework of the blockchain leverages a three-entity model - manufacturers, sell- ers (distributors), and consumers, ensuring transparency and immutability. The efficiency of the proposed system is demonstrated through experiments performed on various data.