GUHADA records all information regarding products and distribution in the blockchain

The consumers on GUHADA platform are able to inquire information about a product that they are purchasing. The information includes product distribution records, condition of the product and current status (availability, etc.). At the point of purchasing a specific product, the consumer can view the price, proof of authenticity, distribution records, and more information all transparently, so the integration of blockchain technology in the e-commerce platform GUHADA, significantly reduces the accountability of purchasing counterfeit products.

Image of designed GUHADA mug and pen

Blockchain Trend of 2020 (3) — Utilization of IoT (Internet of Things)

The “Internet of Things” is settling in our daily lives exponentially. The inserting of NFC chips in the products can be a known case of adoption of IoT in everyday life. GUHADA utilizes NFC chips to track the distribution records of products and shares the information transparently and it can be a possible solution for the opacity problem of the distribution records in the current secondary markets.

GUHADA employs a distribution record tracking system through blockchain technology by inserting NFC chips in each product, enabling tracking of the entire distribution process about the product as well. If the initially sold product is resold in GUHADA platform, the purchaser of the reselling product can inquire reliable information that is in the blockchain, which has been uploaded in the first place through the NFC chip during the distribution process. This way, the consumers can purchase authentic luxury products in the GUHADA platform without the worries of purchasing counterfeit items.