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International Conference on Business Information Systems

BIS 2018: Business Information Systems Workshops pp 197–210Cite as

Blockchain-Based Distributed Marketplace

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Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 339))

Abstract

Developments in Blockchain technology have enabled the creation of smart contracts; i.e., self-executing code that is stored and executed on the Blockchain. This has led to the creation of distributed, decentralised applications, along with frameworks for developing and deploying them easily. This paper describes a proof-of-concept system that implements a distributed online marketplace using the Ethereum framework, where buyers and sellers can engage in e-commerce transactions without the need of a large central entity coordinating the process. The performance of the system was measured in terms of cost of use through the concept of ‘gas usage’. It was determined that such costs are significantly less than that of Amazon and eBay for high volume users. The findings generally support the ability to use Ethereum to create a distributed on-chain market, however, there are still areas that require further research and development.

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Author information

Authors and Affiliations

  1. Cyber Security Research Group, College of Engineering and Technology, University of Derby, Derby, DE22 1GB, UK

    Oliver R. Kabi & Virginia N. L. Franqueira

Authors
  1. Oliver R. Kabi
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  2. Virginia N. L. Franqueira
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Corresponding author

Correspondence to Virginia N. L. Franqueira .

Editor information

Editors and Affiliations

  1. Poznań University of Economics and Business, Poznań, Poland

    Witold Abramowicz

  2. Fraunhofer FOKUS, Berlin, Berlin, Germany

    Adrian Paschke

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Kabi, O.R., Franqueira, V.N.L. (2019). Blockchain-Based Distributed Marketplace. In: Abramowicz, W., Paschke, A. (eds) Business Information Systems Workshops. BIS 2018. Lecture Notes in Business Information Processing, vol 339. Springer, Cham. https://doi.org/10.1007/978-3-030-04849-5_17

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  • DOI: https://doi.org/10.1007/978-3-030-04849-5_17

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-04848-8

  • Online ISBN: 978-3-030-04849-5

  • eBook Packages: Computer ScienceComputer Science (R0)

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