Blockchain SW Project for Final year Students

Project detail

The worldwide improvement of an item or innovation consistently accompanies hazard factors, for example, forging and duplication. Forging items can influence the organization's name and the client's wellbeing

The global development of a product or technology always comes with risk factors such as counterfeiting and duplication, which can affect the company's name, company revenue, and customer health. There are so many products that exist in the supply chain. To ensure that the product is real or fake. Because of counterfeit or fake products manufacturers facing the biggest problem and huge losses. To find the genuineness of the product we can use blockchain technology. Blockchain is an arrangement of recording information that makes it troublesome or hard to change, hack, or cheat the framework. A blockchain is essentially a computerized record of transactions that is duplicated and distributed across the entire network of PC systems on the blockchain. Each block in the chain contains multiple transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s record. The decentralized database managed by the number of participants is known as Distributed Ledger Technology (DLT). Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash. Blockchain technology helps to solve the problem of counterfeiting a product. Blockchain technology is more secure. Once the product is stored on the network hash code is generated of that product and it is possible to maintain all transaction records of the product and its current owner as a chain will be created for that product transactions. All the transaction records will be stored in the form of blocks in the blockchain.