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.

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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
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article

E-Commerce and Supply-chain using Blockchain

M. Nithya, M. Yogesh, S. H., S Maheshwaran
Blockchain Technology Applications and Security
article

E-Commerce and Supply-chain using Blockchain

M. Nithya, M. Yogesh, S. H., S Maheshwaran
article en

Abstract

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.

Decent work and economic growth
Openalex Percentile: Top 59%
Blockchain Technology Applications and Security
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E-Commerce and Supply-chain using Blockchain — M. Nithya, M. Yogesh, et al. · (2024) | TGRS Research Map | TGRS