Business Mapping in Context of Web 3.0 using Blockchain Technology

Abstract

Abstract: The foundation of e-commerce is based on conducting transactions and transferring goods online without the need for physical travel. However, cyber threats can pose a risk when it comes to transferring transactional data. Our primary goal is to develop a system that can protect against such mishaps during the process of transmitting transactional data. Additionally, we aim to implement an automated system that ensures error-free transactions. To achieve these objectives, we will leverage the latest technologies such as blockchain and smart contracts. Blockchain technology provides a decentralized and immutable digital ledger that can securely store and transfer data across a network. E-commerce can use blockchain technology to process transactions safely, securely, and rapidly. By using blockchain technology, we can enable peer-to-peer transaction systems and data encryption, ensuring the safe transfer of sensitive financial information. Moreover, we can use blockchain technology to transfer transactional data securely. A smart contract is a specialized program that functions as an agreement and runs on the Ethereum blockchain. Smart contracts provide transactional security, and when combined with blockchain technology, they can transform e-commerce. By utilizing blockchain technology to ensure data security and user privacy and smart contracts to maintain the transaction protocol, our proposed system aims to offer a solution for transactional data privacy and transparency. In conclusion, our system will provide a secure and transparent platform for conducting e-commerce transactions. With the use of blockchain technology and smart contracts, we can create a system that ensures safe transfer of data and error-free transactions.