Paper Key : IRJ************914
Author: Mohammed Huzaif,Manoj G,Zain M S
Date Published: 05 May 2023
Abstract
In todays technology driven world information is continuously being circulated all over the internet and majority of the buying and selling takes place online. It is important to take into consideration user privacy and security while still keeping all the transactions transparent. From time to time in the traditional centralized system of e-commerce problems arise such as false rating, user information is compromised, loss of billions of dollars online to cyber thefts, high transactions fees and many other vulnerabilities. To solve this blockchain based decentralized e-commerce system is proposed which is built on the P2P model and the transactions are stored on a digitalized ledger. Blockchain based decentralized e-commerce can be used to hide user information while keeping all the transactions transparent. This system also eliminates the need for third party payment services which charge high transaction fees.
DOI LINK : 10.56726/IRJMETS38161 https://www.doi.org/10.56726/IRJMETS38161