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  Blockchain Technology in Watch Industry to Prevent Counterfeit Watches  
  Authors : Yogesh Sharma; Aviral Bansal; Vivek Saini; Rajat Garg
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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.

 

[1] N. Satoshi, "Bitcoin: A Peer-to-Peer Electronic Cash System," 2008. [2] E. Roxanne, D. K. Lisa and P. W. George, "Anticounterfeiting in the fashion and luxury sectors: trends and strategies," Anti-counterfeiting - A Global Guide, 2013. [3] "United Nations Interregional Crime and Justice Research Institute (UNICRI)," Global counterfeiting:, 2003 . [4] Mehdi, . Raphael and . Philippe, "Blockchain protocols in clinical trials: Transparency and traceability of consent," F1000Research, 2017. [5] "IBM", IBM and Maersk Demo: Cross-Border Supply Chain Solution on Blockchain, 2017. [6] Seeking customer centricity: 2016 Global Consumer Executive Top of Mind Survey by KPMG. [7] Banerjee, Integrating Blockchain with ERP for a Transparent Supply Chain, Infosys Limited, pp. 8, 2017. [8] S. Radocchia, "3 automotive consumer safety issues blockchain will help resolve", Jul. 2018, [online] Available: https://blog.chronicled.com/3-automotiveconsumer- safety-issues-blockchain-will-help-resolve- 2ae4b0c6ece5. [9] Continuous interconnected supply chain", 2018,[online]Available:https://www2.deloitte.com/co ntent/dam/Deloitte/lu/Documents/technology/lublockchain- internet-things-supply-chaintraceability. pdf.