E-Commerce and Supply-chain using Blockchain
The advent of online shopping has revolutionized the way people procure goods, favoring the convenience and efficiency it offers over traditional stores. However, this transition to e-commerce comes with its own set of challenges. Instances of security breaches, where hackers exploit vulnerabilities in e-commerce platforms to steal sensitive user data, have become increasingly common. Additionally, concerns over privacy arise as some companies monetize user data, leaving individuals susceptible to various online threats such as phishing scams and spam communications.Another key disadvantage of current e-commerce systems is a lack of transparency in the supply chain, which frequently leaves consumers unsure about the legitimacy and condition of the products they buy. To address these issues, we propose the development of a decentralized marketplace. By leveraging blockchain technology, specifically Ethereum, and implementing smart contracts to govern transactions, we aim to create a platform where the supply chain is transparent to all involved parties. Instead of relying on traditional email addresses and passwords, users will utilize Decentralized Identifiers (DIDs) to authenticate themselves within the system. This innovative approach seeks to enhance security, protect user privacy, and instill trust in online transactions.
Authors
- M. Nithya
- M. Yogesh
- S. H.
- S Maheshwaran
Publication Details
- Published
- 2024-10-17
- DOI
- https://doi.org/10.1109/icbds61829.2024.10837112
- Primary Topic
- Blockchain Technology Applications and Security
- Type
- article
- Field-Weighted Citation Impact
- 0.00