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) (KAR id:79533)
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Official URL: 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 |
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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: | Divisions > Division of Computing, Engineering and Mathematical Sciences > School of Computing |
Depositing User: | Virginia Franqueira |
Date Deposited: | 10 Jan 2020 11:12 UTC |
Last Modified: | 05 Nov 2024 12:44 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/79533 (The current URI for this page, for reference purposes) |
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