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Blockchain-Based Distributed Marketplace

Kabi, Oliver R. and Franqueira, Virginia N. L. (2019) Blockchain-Based Distributed Marketplace. In: Abramowicz, Witolf and Paschke, Adrian, eds. Business Information Systems Workshops. BIS 2018. Lecture Notes in Business Information Processing . Springer Nature, Cham, Switzerland, pp. 197-210. ISBN 978-3-030-04848-8. E-ISBN 978-3-030-04849-5. (doi:10.1007/978-3-030-04849-5_17)

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https://dx.doi.org/10.1007/978-3-030-04849-5_17

Abstract

Developments in Blockchain technology have enabled the creation of smart contracts; i.e., self-executing code that is stored and executed on the Blockchain. This has led to the creation of distributed, decentralised applications, along with frameworks for developing and deploying them easily. This paper describes a proof-of-concept system that implements a distributed online marketplace using the Ethereum framework, where buyers and sellers can engage in e-commerce transactions without the need of a large central entity coordinating the process. The performance of the system was measured in terms of cost of use through the concept of ‘gas usage’. It was determined that such costs are significantly less than that of Amazon and eBay for high volume users. The findings generally support the ability to use Ethereum to create a distributed on-chain market, however, there are still areas that require

further research and development.

Item Type: Book section
DOI/Identification number: 10.1007/978-3-030-04849-5_17
Uncontrolled keywords: Blockchain, Smart contract, Ethereum, E-commerce, Distributed systems
Subjects: Q Science > QA Mathematics (inc Computing science) > QA 76 Software, computer programming, > QA76.76 Computer software
Divisions: Faculties > Sciences > School of Computing > Security Group
Depositing User: Virginia Nunes Leal Franqueira
Date Deposited: 10 Jan 2020 11:12 UTC
Last Modified: 13 Jan 2020 09:47 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/79533 (The current URI for this page, for reference purposes)
Franqueira, Virginia N. L.: https://orcid.org/0000-0003-1332-9115
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