Abstract
The rapid growth of e-commerce has led to an increasing demand for secure, transparent, and efficient transactions. This project presents an e-commerce platform built on blockchain technology, aiming to address the challenges of traditional online marketplaces, such as fraud, data breaches, and intermediaries' fees. By leveraging blockchain's inherent characteristics— immutability, transparency, and security—our platform facilitates seamless transactions between buyers and sellers, reducing reliance on intermediaries and lowering operational costs. Key Features of the Platform Include: Payment Processing: Integration of cryptocurrencies enables fast and secure payments, facilitating cross- border transactions without the need for banks or other intermediaries. Product Authenticity: Tokenization of physical products as digital assets ensures authenticity and traceability, particularly valuable in industries like fashion, luxury goods, and art. Customer Data Privacy: Customers retain control over their personal information, deciding what data to share with merchants, enhancing privacy, and ensuring compliance with global data regulations. Loyalty Programs and Rewards: Digital tokens and reward points can be issued that are transparent, transferable, and usable across various platforms, making loyalty programs more versatile and valuable. Decentralized Reviews and Ratings: The integrity of product reviews is ensured by using blockchain to prevent manipulation, making customer feedback more trustworthy. To demonstrate the feasibility of the platform, we implement features such as user registration, product listing, secure payment processing using cryptocurrency, and an efficient dispute resolution mechanism. Through a user-friendly interface and robust backend architecture, this blockchain-based e-commerce solution aims to redefine the online shopping experience, providing enhanced security, lower costs, and greater trust for all participants in the ecosystem.
Published Version
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