Author:
Kumar Bibhuti B. Singh ,Saurabh Sharma ,Dr. Yusuf Perwej
Abstract
In today's digital age, e-commerce has revolutionized the way people shop, offering unparalleled convenience and a vast selection of products and services. However, this rapid growth has brought its own set of challenges, including security concerns, transparency issues, and inefficiencies in transaction processes. Blockchain technology, with its decentralized, transparent, and secure nature, offers a promising solution to many of these challenges. This project explores the integration of blockchain technology into e-commerce platforms, aiming to enhance security, transparency, efficiency, and user trust. Blockchain technology has the potential to improve e commerce transactions by reducing payment disputes, chargebacks, fraud, and lack of transparency. Blockchain technology enables safe digital asset storage and sharing over a decentralised network. This allows customers to obtain product data, including origin and supplier, and reduces the danger of fraud. The primary objective of this project is to develop and implement a blockchain integrated e-commerce platform that leverages the unique advantages of blockchain technology to address the inherent limitations and challenges of traditional E- commerce systems. Finally, the paper aims to create a more secure, transparent, efficient, and user-centric online shopping experience.
Reference34 articles.
1. Roy, K.; Islam, N.; Khan, T.; Khan, M.M. A novel approach to data storage using blockchain technology. In Proceedings of the 2019 International Conference on Information Technology (ICIT), Shanghai, China, 20–23 December 2019; pp. 245–250.
2. Y. Perwej, “A Pervasive Review of Blockchain Technology and Its Potential Applications”, Open Science Journal of Electrical and Electronic Engineering (OSJEEE), New York, USA, Volume 5, No. 4, Pages 30 - 43, October, 2018
3. Zyskind, G.; Nathan, O. Decentralizing privacy: Using blockchain to protect personal data. In Proceedings of the 2015 IEEE Security and Privacy Workshops, San Jose, CA, USA, 21–22 May 2015; pp. 180–184.
4. Y. Perwej, Ni. Akhtar, Firoj Parwej, “A Technological Perspective of Blockchain Security”, International Journal of Recent Scientific Research (IJRSR), ISSN: 0976-3031, Volume 9, Issue 11, (A), Pages 29472 – 29493, November 2018, DOI: 10.24327/ijrsr.2018.0911.2869
5. Christidis, K.; Devetsikiotis, M. Blockchains and smart contracts for the internet of things. IEEE 2016, 4, 2292–2303.