Authenticity Tracker for Online Clothing Shops
Online shopping return fraud
Posted by sukru09347068 on November 13, 2018
Shopping return frauds have huge costs for online shops. There are both financial and reputation costs for the shops. To fix this, immutable properties of blockchain can be used together with a hard to copy barcode technology that needs special equipment. (Such as Digimarc)
A system can help with the 3 major fraud methods described below.
Price arbitraging: Buying differently priced, similar-looking items and returning the cheaper.
Return old merchandise: buy to replace old/broken item, keep new, return old.
Fake merchandise: Buy an original merchandise from an online shop and a replica. Keep the original good and return the replica back to the shop.