Gxt - Authenticity

Gxt - Authenticity

A DECENTRALIZED PLATFORM TO REDUCE AND TRACE THE ACTIVITY OF COUNTERFEITING IN THE ECOMMERCE INDUSTRY AND THE SUPPLY CHAIN

Gxt - Authenticity

Gxt - Authenticity

A DECENTRALIZED PLATFORM TO REDUCE AND TRACE THE ACTIVITY OF COUNTERFEITING IN THE ECOMMERCE INDUSTRY AND THE SUPPLY CHAIN

The problem Gxt - Authenticity solves

The internet has made our lives easier and more comfortable; however, you can become anyone or anything online- at least for a while. We have often heard stories about catfishing an individual. But it's not just people; even goods can be "catfished“. Sometimes people order a certain product from an online website and end up with lower quality products or, worse, something completely different. In the last several years, the cost of return deliveries has grown by 75%, reaching an estimated $550 billion in 2020. It is a waste of not only the time of the customer but also various resources and causes severe environmental issues.

Challenges we ran into

The challenges we ran into is the methodology for solving the problem as it is a trail and error method of creating a solution
we finally came up with a algorithm that's a win-win to both the customers and e-commerce sites
An algorithm is constructed that segregate any form of numerical in to a set of 3 and 4.
Those numerical are the representation of the commodity need to be delivered.
The commodity is shuffled among the largest scale.
Each commodity is provided with a unique data sets and the hashing tag to the respective set is given which can’t be changed or replicated once deployed.
This algorithm is transparent yet so secured that the action of counterfeiting is not difficult but impossible.
As far, we are aware that, there is no published analysis of the factor effecting the counterfeiting of
Commodities using the Hyper ledger fabrics.

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