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2024 | OriginalPaper | Chapter

Remodeling E-Commerce Through Decentralization: A Study of Trust, Security and Efficiency

Authors : Adnan Shakeel Ahmed, Danish Raza Rizvi, Dinesh Prasad, Amber Khan

Published in: Micro-Electronics and Telecommunication Engineering

Publisher: Springer Nature Singapore

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Abstract

While there has been a massive growth in online shopping platforms. There data has been mostly stored in centralized storages which mean they can be an easy target to fraud and theft. It is important to preserve the data of the product and the user in a secure and decentralized manner. With the advent of blockchain technology across the horizon, it is necessary to build a marketplace model that works in a reliable way on this technology while combating the shortcomings of the previous models. Aim of this paper is to address the issues and propose a model that can get reduced fees costs while uploading the data to the blockchain that is uploading the item for sale and while purchasing the item, we also as well as find a solution to collusion from different parties. The end result of this paper should be a fully functional application that is capable of reducing gas fees and increases user reliability on the platform.

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Title: Remodeling E-Commerce Through Decentralization: A Study of Trust, Security and Efficiency
Authors: Adnan Shakeel Ahmed
Danish Raza Rizvi
Dinesh Prasad
Amber Khan
Publisher: Springer Nature Singapore
Book: Micro-Electronics and Telecommunication Engineering
Print ISBN: 978-981-9995-61-5

Electronic ISBN: 978-981-9995-62-2

Copyright Year: 2024
DOI: https://doi.org/10.1007/978-981-99-9562-2_10