Blockchain-Based Distributed Marketplace.
Book chapter
Kabi, Oliver R. and Franqueira, Virginia N. L. 2019. Blockchain-Based Distributed Marketplace. in: Springer Nature.
| Authors | Kabi, Oliver R. and Franqueira, Virginia N. L. |
|---|---|
| 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. |
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 | |
| Keywords | Blockchain; Smart contract; Ethereum; E-commerce; Distributed systems |
| Year | 2019 |
| Publisher | Springer Nature |
| Series | LNBIP 339 |
| ISBN | 978-3-030-04848-8 |
| Digital Object Identifier (DOI) | https://doi.org/10.1007/978-3-030-04849-5_17 |
| Web address (URL) | http://hdl.handle.net/10545/623264 |
| hdl:10545/623264 | |
| File | File Access Level Open |
| File | File Access Level Open |
| Publication dates | 03 Jan 2019 |
| Publication process dates | |
| Deposited | 08 Jan 2019, 17:00 |
| Contributors | University of Derby |
| Journal | Proceedings of the BIS 2018 International Workshops |
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