Skip to main content

Blockchain-Based Distributed Marketplace

  • Conference paper
  • First Online:
Business Information Systems Workshops (BIS 2018)

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

Included in the following conference series:


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.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others


  1. ETH Gas Station. Accessed 01 May 2018

  2. How much does it cost to sell on eBay? Accessed 01 May 2018

  3. Sell on Amazon - Pricing and Fees. Accessed 01 May 2018

  4. Total Retail 2017. Accessed 01 May 2018

  5. Ethersphere/swarm, December 2017.

  6. Benet, J.: IPFS-content addressed, versioned, P2P file system. arXiv preprint arXiv:1407.3561 (2014)

  7. Berghel, H.: Equifax and the latest round of identity theft roulette. Computer 50(12), 72–76 (2017)

    Article  Google Scholar 

  8. Buterin, V.: A next-generation smart contract and decentralized application platform (2013). Accessed 02 May 2018. Document constantly updated by different people

  9. Buterin, V.: Bootstrapping a decentralized autonomous corporation: part I. Bitcoin Mag. (2013).

  10. Buterin, V., Griffith, V.: Casper the friendly finality gadget. arXiv preprint arXiv:1710.09437 (2017)

  11. Colangelo, G., Maggiolino, M.: Data Accumulation and the Privacy-Antitrust Interface: Insights from the Facebook Case for the EU and the US (2018), Working Paper No. 31/2018.

  12. Dennis, R., Owen, G.: Rep on the block: a next generation reputation system based on the blockchain. In: Proceedings of the 10th International Conference for Internet Technology and Secured Transactions (ICITST), pp. 131–138. IEEE (2015)

    Google Scholar 

  13. Eskandari, S., Clark, J., Sundaresan, V., Adham, M.: On the feasibility of decentralized derivatives markets. In: Brenner, M., et al. (eds.) FC 2017. LNCS, vol. 10323, pp. 553–567. Springer, Cham (2017).

    Chapter  Google Scholar 

  14. FBI: 2016 internet crime report (2016). Accessed 02 May 2018

  15. Goldfeder, S., Bonneau, J., Gennaro, R., Narayanan, A.: Escrow protocols for cryptocurrencies: how to buy physical goods using bitcoin. In: Kiayias, A. (ed.) FC 2017. LNCS, vol. 10322, pp. 321–339. Springer, Cham (2017).

    Chapter  Google Scholar 

  16. Grazioli, S., Jarvenpaa, S.L.: Perils of internet fraud: an empirical investigation of deception and trust with experienced Internet consumers. IEEE Trans. Syst. Man Cybern. - Part A: Syst. Hum. 30(4), 395–410 (2000)

    Article  Google Scholar 

  17. Hitchens, R.: Solidity CRUD - Part 1 (2017). Accessed 01 May 2018

  18. Jøsang, A., Ismail, R., Boyd, C.: A survey of trust and reputation systems for online service provision. Decis. Support Syst. 43(2), 618–644 (2007)

    Article  Google Scholar 

  19. Leber, J.: Going head to head with Google and Facebook, Amazonś next big business could be advertising. MIT Technology Review (2014)

    Google Scholar 

  20. Mochi Inc.: Mobius: a universal protocol suite for the blockchain ecosystem and real world data, November 2017. Accessed 02 May 2018

  21. Nasonov, D., Visheratin, A.A., Boukhanovsky, A.: Blockchain-based transaction integrity in distributed big data marketplace. In: Shi, Y., et al. (eds.) ICCS 2018. LNCS, vol. 10860, pp. 569–577. Springer, Cham (2018).

    Chapter  Google Scholar 

  22. Nidhra, S., Dondeti, J.: Black box and white box testing techniques-a literature review. Int. J. Embed. Syst. Appl. (IJESA) 2(2), 29–50 (2012)

    Google Scholar 

  23. Notheisen, B., Cholewa, J.B., Shanmugam, A.P.: Trading real-world assets on blockchain. Bus. Inf. Syst. Eng. 59(6), 425–440 (2017).

    Article  Google Scholar 

  24. Ramesh, B., Cao, L., Baskerville, R.: Agile requirements engineering practices and challenges: an empirical study. Inf. Syst. J. 20(5), 449–480 (2010).

    Article  Google Scholar 

  25. Resnick, P., Zeckhauser, R.: Trust among strangers in Internet transactions: empirical analysis of eBay’s reputation system. In: The Economics of the Internet and E-Commerce, pp. 127–157. Emerald Group Publishing Limited (2002)

    Google Scholar 

  26. Smart, J.F.: BDD in Action: Behavior-Driven Development for the Whole Software Lifecycle. Manning Publications, Shelter Island (2014)

    Google Scholar 

  27. Subramanian, H.: Decentralized blockchain-based electronic marketplaces. Commun. ACM 61(1), 78–84 (2017)

    Article  Google Scholar 

  28. Swamynathan, G., Almeroth, K.C., Zhao, B.Y.: The design of a reliable reputation system. Electron. Commer. Res. 10(3–4), 239–270 (2010)

    Article  Google Scholar 

  29. Szabo, N.: Formalizing and securing relationships on public networks. First Monday 2(9) (1997).

  30. Vaishnavi, V., Kuechler, W.: Design science research in information systems (2004).

Download references

Author information

Authors and Affiliations


Corresponding author

Correspondence to Virginia N. L. Franqueira .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

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.

Download citation

  • DOI:

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-04848-8

  • Online ISBN: 978-3-030-04849-5

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics