Review on Blockchain and Fake product identification using Blockchain

The proliferation of fake goods has had a significant effect on the industrial sector in recent years. According to the research, the number of occurrences involving bogus products has increased recently, which is hurting the company's reputation, earnings, and sales. Users must have a method to identify if a product is real or false. The blockchain facilitates more transparent and easy transactions. Data security is increased by blockchain technology because once a block is formed, it cannot be changed or altered—even if there is just one alteration that affects the hash value. This essay offers a thorough analysis of the literature on the topics of blockchain, its applications, how it operates, and how it might be used to detect counterfeit goods. The goal is to look at the different types of fraud and the effects they have., this paper guides developers to design and evaluate consensus mechanism in blockchain systems.