BlockTracks — Trust Like Never Before
Two things I have always experienced while travelling in Indian Railways and I bet you too might have experienced it -
1. You prefer the lower berth not because it is comfortable but you are more worried about your luggage.
2. You always feel the urge to buy that 64/128GB Kingston pendrive from that ultra slim salesman who is selling it under INR 200.
What? 64GB Kingston Pendrive under 200? Yes I always go to Indian Railways when in need of a pen drive. Just Kidding. YKWIM
Counterfeit Products have become a major part of the market and with the exponential rise of E-Commerce sites, we need to wary about the prevailing situation.According to the Authentication Solution Providers’ Association (ASPA), India suffers a loss of over ₹1 trillion a year owing to the sale and purchase of counterfeit goods by consumers. The application BlockTracks provides a Blockchain based solution to this grave problem. The Brand has to register themselves on the BlockTracks application. After Registration the Brand can login to their contracts and maintain a database relating to their products. For each product they sell, there will be a 64characters long hash which will be unique to every Product. The hash is calculated using the sha256 algorithm hence it follows the avalanche effect and is always UNIQUE. This unique hash is stored onto the Blockchain. Now once a consumer buys any product, he/she also has the access to that unique hash. The consumer can use that Hash to check if the product is authentic or not. If a seller is selling a counterfeit product then the hash of that product will not be registered on the Blockchain and the consumer will get to know it.
Project Video → Watch Here
References -
- The sale of counterfeit goods is not just an online thing
- Amazon Counterfeit Products
- Counterfeit Products from milk cartons to cosmetics
*Future Updates*
-> Using the SHA256 unique hash to track the journey of product.
-> Accessing the database using the SHA256 hash.
