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Advances in Computer, Communication and Computational Sciences pp 865–882Cite as

Decentralized Marketplace Using Blockchain, Cryptocurrency, and Swarm Technology

Part of the Advances in Intelligent Systems and Computing book series (AISC,volume 1158)

Abstract

Over 1.8 billion people purchased goods online in 2018, and as a result, 2.8 trillion dollars were spent. Companies like Amazon, eBay, and PayPal thrive on being the middleman between sellers and buyers of online goods. Our project uses Blockchain Technology to decentralize the online marketplace and remove the middleman as well as the fees associated with it. To do this, we use smart contracts in the Ethereum Blockchain while maintaining a decentralized database using Swarm for the Webhosting. Finally, in order to phase out current online market systems, the same technology can be used to have a shared inventory, or ledger, between many marketplaces allowing manufacturers, or sellers, to announce their product freely among multiple existing Web site marketplaces concurrently.

Keywords

  • Blockchain
  • Swarm
  • Cryptocurrencies
  • Decentralized
  • Marketplace
  • Blockchain marketplace
  • Ethereum
  • Smart contracts
  • DApps

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Author information

Authors and Affiliations

  1. Department of Computer Science, University of Nevada, Las Vegas, NV, USA

    Jorge Ramón Fonseca Cacho, Binay Dahal & Yoohwan Kim

Authors
  1. Jorge Ramón Fonseca Cacho
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  2. Binay Dahal
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  3. Yoohwan Kim
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Corresponding author

Correspondence to Jorge Ramón Fonseca Cacho .

Editor information

Editors and Affiliations

  1. Department of Mathematics and Computer Science, University of Missouri–St. Louis, Chesterfield, MO, USA

    Prof. Sanjiv K. Bhatia

  2. Computer Science Engineering Department, ABES Engineering College, Ghaziabad, Uttar Pradesh, India

    Dr. Shailesh Tiwari

  3. Shanghai Advanced Research Institute, Pudong, China

    Dr. Su Ruidan

  4. National Institute of Technology Agartala, Agartala, Tripura, India

    Dr. Munesh Chandra Trivedi

  5. Computer Science Engineering Department, Motilal Nehru National Institute of Technology, Allahabad, Uttar Pradesh, India

    Dr. K. K. Mishra

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Cite this paper

Fonseca Cacho, J.R., Dahal, B., Kim, Y. (2021). Decentralized Marketplace Using Blockchain, Cryptocurrency, and Swarm Technology. In: Bhatia, S.K., Tiwari, S., Ruidan, S., Trivedi, M.C., Mishra, K.K. (eds) Advances in Computer, Communication and Computational Sciences. Advances in Intelligent Systems and Computing, vol 1158. Springer, Singapore. https://doi.org/10.1007/978-981-15-4409-5_77

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