Degree
Master of Science in Computer Science
Department
Department of Computer Science
School
School of Mathematics and Computer Science (SMCS)
Date of Submission
Spring 2022
Supervisor
Waqas Mahmood, Visiting Faculty, Department of Computer Science
Keywords
Blockchain, Ecommerce, DApp, Peer-to-Peer Transactions, Ethereum, IPFS, Cryptocurrency, Moralis, Web3, Hardhat, Secure Transactions
Abstract
A typical business model consists of intermediaries who make up a significant percentage of the revenue during the sales process, which is a source of distress for sellers. For example, the seller must pay a transaction processing fee so that the payment can complete the transaction. These costs significantly reduce vendor revenue and, as a result, reduce revenue. Consumer data security is another major concern for these companies as they need to earn the trust of their customers by ensuring that their personal and financial information is secure. In addition, data protection requirements such as the General Data Protection Regulation (GDPR) make data protection a top priority in the Internet business. As a result, vendors often must invest heavily in data encryption and other anti-hacking measures. There are also many things’ merchants need to manage, such as simplifying the shipping and delivery process, maintaining customer connectivity, etc., by ensuring that inventory is replenished in a timely manner. The idea here is to implement a blockchain based e-commerce application POC. Blockchain technology simplifies the entire payment process and improves operational efficiency. The e-commerce business will be able to achieve higher customer satisfaction while maintaining profitability. The main impacts of using blockchain are faster payment processes, product reliability, secure transactions, and transparent logistics.
The most used blockchain technologies in the e-commerce market are Ethereum and Bitcoin. Ethereum provides a convenient platform for e-commerce websites that want to manage their own blockchain.
Document Type
Restricted Access
Submission Type
Research Project
Recommended Citation
Aamir, Sarosh. "Blockchain based e-commerce platform." Unpublished graduate research project. Institute of Business Administration. 2022. https://ir.iba.edu.pk/research-projects-mscs/8
The full text of this document is only accessible to authorized users.
