Identifying Counterfeit Products using Blockchain Technology in Supply Chain System

Anjum, Nafisa; Dutta, Pramit

doi:10.1109/imcom53663.2022.9721789

Cited by 15 publications

(3 citation statements)

References 5 publications

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“…The value of blockchain technology in returning data ownership to creators and enabling the vertical application of blockchain in supply chain management has been emphasized, particularly for small and medium-sized enterprises (Zhang et al, 2022). Additionally, the application of blockchain technology in supply chain management has been linked to the potential identification of counterfeit products, thereby enhancing the integrity of supply chain systems (Anjum & Dutta, 2022). Moreover, the use of blockchain technology in resilient and sustainable supply chain management has been explored, highlighting its application perspective in addressing supply chain challenges (Zhong & Zhu, 2022).…”

Section: Blockchain In Global Supply Chainsmentioning

confidence: 99%

Blockchain in global supply chains: A comparative review of USA and African practices

Emuesiri Ejairu,

Noluthando Zamanjomane Mhlongo,

Olubusola Odeyemi

et al. 2024

Int. J. Sci. Res. Arch.

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In the contemporary landscape of international trade, the adoption of blockchain technology in global supply chains has garnered significant attention. This comparative review delves into the practices of the United States and African countries, examining the implementation, challenges, and potential benefits of blockchain in enhancing supply chain efficiency. The United States, as a global economic powerhouse, has been at the forefront of integrating blockchain into its supply chain processes. The American approach emphasizes transparency, traceability, and accountability. Blockchain technology provides a decentralized and immutable ledger, enabling seamless tracking of goods from their origin to the end consumer. The use of smart contracts automates and streamlines contractual agreements, reducing paperwork and minimizing delays. While the adoption in the USA is relatively widespread, challenges include the need for standardized protocols, regulatory frameworks, and overcoming resistance to change within established systems. In contrast, the African continent presents a diverse and evolving landscape in the adoption of blockchain within supply chains. Several African nations have recognized the potential of blockchain to address longstanding issues such as counterfeit goods, fraud, and inefficiencies in logistics. Blockchain offers a decentralized solution that can empower local producers and facilitate international trade. However, challenges in Africa include limited technological infrastructure, varying levels of regulatory frameworks, and the need for capacity building. Collaborative efforts between governments, private sectors, and international organizations are essential to overcoming these obstacles. Both the USA and African countries stand to benefit from blockchain adoption in global supply chains. Increased transparency reduces the risk of fraud and enhances trust between stakeholders. The immutable nature of blockchain records ensures data integrity, contributing to the overall resilience of the supply chain. However, successful implementation requires a nuanced understanding of local contexts, regulatory frameworks, and technological capacities. This comparative review serves as a foundation for future research and policy development, shedding light on the dynamic landscape of blockchain adoption in global supply chains across diverse socio-economic environments.

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Section: Blockchain In Global Supply Chainsmentioning

confidence: 99%

Blockchain in global supply chains: A comparative review of USA and African practices

Emuesiri Ejairu,

Noluthando Zamanjomane Mhlongo,

Olubusola Odeyemi

et al. 2024

Int. J. Sci. Res. Arch.

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“…Various organizations have highlighted the need to utilize blockchain technology to provide traceability and prevent counterfeiting in supply chains. This application can be directly implemented in the luxury goods market [42]. De Beers uses blockchain technology to monitor the diamond supply chain, starting with the mining stage and ending with the delivery to the jeweler.…”

Section: Hybrid Blockchainsmentioning

confidence: 99%

Exploring Blockchain for Nuclear Material Tracking: A Scoping Review and Innovative Model Proposal

Ecemis,

Ekinci,

Acici

et al. 2024

Energies

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Ensuring safe and transparent tracking of nuclear materials in the modern era is critical for global security and compliance with international regulations. Blockchain technology, a decentralized and immutable ledger, offers a new approach to recording transactions, increasing trust without intermediaries. In this study, it was investigated whether nuclear material tracking was performed with advanced technology blockchain from past to present; it was seen that there needed to be a study on this subject in the literature, and that there was a gap. Search results proving this are presented. The authors present a model that can enable nuclear material tracking with blockchain technology, which will create a solid structure for recording and verifying every process step in the nuclear supply chain, from the creation of the first product to destruction. This model discusses how nuclear materials, which are very important to track from the beginning until they become waste, can be tracked with blockchain technology, and the contributions they can make nationally and internationally are explained. As a result of the research, it is shown that blockchain technology has the potential to pave the way for more resilient and precise nuclear supply chains by significantly increasing the security and efficiency of nuclear material tracking.

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“…This case has not been handled in this system. Another system is "Identifying Counterfeit Products using Blockchain Technology" [3] which works on the concept of transfer of ownership of products from one stakeholder to another. By scanning the QR code generated by the DApp for each product connected to the Blockchain, the consumer may confirm the product supply chain history and other vital details.…”

Section: Literature Surveymentioning

confidence: 99%

Anti-Counterfeiting of Products Using Blockchain

Bilal,

Chaudhari,

Sardar

et al. 2023

IJSRCSEIT

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In the modern world, industrialization has played a key role the in the development of the mankind. Enormous indus- tries/brands have come into existence to cater to the ever-growing demand for goods of consumers. While the original brands are serving the people with integrity, many illegal elements in the industry are producing copycat products with the cheapest quality and sell them as original products to the consumers. Such malpractice is known as counterfeiting of products which is a pressing problem that industries are facing nowadays. To counter this global problem we propose a solution, which will track the supply chain of the product by leveraging Blockchain technology. The system will aim to minimize the counterfeiting of products and in turn, increase the consumption of genuine products.

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Identifying Counterfeit Products using Blockchain Technology in Supply Chain System

Cited by 15 publications

References 5 publications

Blockchain in global supply chains: A comparative review of USA and African practices

Blockchain in global supply chains: A comparative review of USA and African practices

Exploring Blockchain for Nuclear Material Tracking: A Scoping Review and Innovative Model Proposal

Anti-Counterfeiting of Products Using Blockchain

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