A Novel Decentralized E-Commerce Transaction System Based on Blockchain

Abstract

With the rapid development of e-commerce systems, the centralized service model gradually fails to meet the needs of SMEs. In the existing centralized e-commerce system, users’ transaction data and reputation scores are stored in a centralized cloud server, which has high storage cost, low processing efficiency, and the data is vulnerable to attacks and leaks. However, the existing decentralized e-commerce systems more than its reputation system to store the average credit score evaluation are receiving unfair evaluations against risk. The system of malicious nodes and no disciplinary measures, is not conducive to system development. To solve this problem, this paper proposes a blockchain-based decentralized e-commerce transaction system. The system commodity information is stored in the Interplanetary File System (IPFS) and the returned commodity addresses are stored in the blockchain to enhance the service performance. This paper proposes a reputation evaluation model based on multi-criteria decision making (MCDM), which can effectively resist unfair evaluation and collusion attacks, and proposes an incentive mechanism based on reputation value to reward and punish nodes, thus promoting the good circulation of the system. We implement the proposed system based on Ethereum. The experimental results show that the system has a small communication cost, accurately reflects the user’s reputation value, and has good availability and reliability.