Title

Decentralized Marketplace using Blockchain,Cryptocurrency,and Swarm Technology

Document Type

Conference Proceeding

Publication Date

10-28-2020

Publication Title

Advances in Intelligent Systems and Computing

Publisher

Springer

Volume

1158

First page number:

865

Last page number:

882

Abstract

Over 1.8 billion people purchased goods online in 2018, and as a result, 2.8 trillion dollars were spent. Companies like Amazon, eBay, and PayPal thrive on being the middleman between sellers and buyers of online goods. Our project uses Blockchain Technology to decentralize the online marketplace and remove the middleman as well as the fees associated with it. To do this, we use smart contracts in the Ethereum Blockchain while maintaining a decentralized database using Swarm for the Webhosting. Finally, in order to phase out current online market systems, the same technology can be used to have a shared inventory, or ledger, between many marketplaces allowing manufacturers, or sellers, to announce their product freely among multiple existing Web site marketplaces concurrently.

Keywords

Blockchain; Swarm; Cryptocurrencies; Decentralized; Marketplace; Blockchain Marketplace; Ethereum; Smart Contracts; Dapps

Disciplines

Computer Sciences | Physical Sciences and Mathematics

Language

English

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