A Blockchain Based Federated Ecosystem for Tracking and Validating the Authenticity of Goods

Abstract

Nowadays, the presence of counterfeit goods in the markets involves billions of dollars in damage to individuals, companies, and multinationals. In recent years, Blockchain technology has become the protagonist in different sectors, thanks to its decentralized register feature and the immutability of the data and information stored within it. With this paper, we want to propose a system for tracking and validating the authenticity of tagged assets, based on a federated Blockchain environment. The federation is characterized by the presence of multiple public and private Blockchain instances. This solution allows one or more brands to store information within the private instance such as ownership of the asset, history, maintenance, and other certificates. The public Blockchain is characterized by different brands that share product information to prevent the entry of fake goods into the market. Through the federation, it is …