Block Buy: Block Chain Powered Marketplace

Authors

  • Aniket Wagh B-Tech CSE-AI Student, NCER, Pune-MH, India. Author
  • Nikita Sarje B-Tech CSE-AI Student, NCER, Pune-MH, India. Author
  • Rajlaxmi Warat B-Tech CSE-AI Student, NCER, Pune-MH, India. Author
  • Dipika Paranjape Guide, NCER, Pune-MH, India. Author

DOI:

https://doi.org/10.47392/IRJASH.2024.026

Keywords:

Smart Contracts, IPFS, Flutter, Ethereum, Blockchain

Abstract

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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Published

2024-07-27