Block Buy: Block Chain Powered Marketplace
DOI:
https://doi.org/10.47392/IRJASH.2024.026Keywords:
Smart Contracts, IPFS, Flutter, Ethereum, BlockchainAbstract
Blockchain technology has the potential to transform marketplaces by allowing decentralized, secure, and transparent transactions. This study introduces a marketplace architecture based on block chain to overcome the limitations of centralized platforms. Our design utilizes smart contracts to automate transactions, maintain integrity, and remove intermediaries. We detail the essential elements of the system, such as user registration, product listing, payment, and conflict resolution. This marketplace is built using Ethereum block chain, Flutter, and IPFS for data storage. Furthermore, we assess the system's performance and security through various simulations. The outcomes show that the proposed blockchain-based marketplace provides significant benefits in efficiency, transparency, and trust, showing promise to revolutionize the e-commerce sector.
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.