The production and distribution of counterfeit watches is an increasingly worldwide issue, especially for consumers and
Companies. Fake watch sales are approximated at $1 billion per year. Swiss Customs Service, suggest that there are some 30 to 40
million counterfeit watches sold every year[4]. One of the reasons for watch counterfeiting is the imperfect supply chain system.
Watches change ownership from manufacturers to wholesaler; distributer and then shopkeepers before it reach the customer.
Information is not shared between systems in the current chain supply system, manufacturers don't know what happened to their
products, Watches regulatory authority has no traceability of the product, recalls are expensive and complicated, and companies
cannot follow-up customers. In this paper we explain how to use blockchain technology can add traceability, visibility and security
to the Watches supply system. The proposed system will be used in Watch industry to track the Watches from its manufacturing
until its delivery to customers. Blockchain technology will be used for storing transactions and only trusted parties will be permitted
to join the network and push data to blockchain.
Published In:IJCSN Journal Volume 8, Issue 2
Date of Publication : April 2019
Pages : 169-171
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Yogesh Sharma :
Computer Science and Engineering Department, Maharaja Agrasen Institute of Technology
New Delhi, 110086, India.
Aviral Bansal :
Computer Science and Engineering Department, Maharaja Agrasen Institute of Technology
New Delhi, 110086, India.
Vivek Saini :
Computer Science and Engineering Department, Maharaja Agrasen Institute of Technology
New Delhi, 110086, India.
Rajat Garg :
Computer Science and Engineering Department, Maharaja Agrasen Institute of Technology
New Delhi, 110086, India.
Blockchain, Watch's counterfeiting
In this paper, we proposed a further use case of
blockchain technology in Watch industry. We pointed
out the issues in current Watch industry supply chain
management, and explained how blockchain can be
used to trace the path of watch from manufacturer to
current customer and add visibility to of watches
supply chain which resolves the issue of counterfeiting.
In this paper we explained the identity mechanism of
blockchain and its advantage in shared manufacture
product. We show all the possible techniques,
blockchain types and third party solutions that can be
used to implement a blockchain base supply chain for
watch industries. At the end we explained the working
of the suggested system with an example that will be
able to explain how the system will be easily used by
different participants.
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Research Institute (UNICRI)," Global counterfeiting:,
2003 .
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