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Blockchain-Based Cryptocurrency Payment System Model for Business-To-Consumer E-Commerce Platforms

  • Conference paper
  • First Online:
Cryptology and Network Security with Machine Learning (ICCNSML 2023)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 918))

  • 79 Accesses

Abstract

Payment gateways are necessary for securing online transactions on e-commerce platforms, but there is still a problem with the restricted use of cryptocurrency as a payment method. Due to lengthy confirmation periods and fees, scalability concerns on blockchain networks like Bitcoin and Ethereum prevent the implementation of micropayments. With the help of a method of payment that makes use of the benefits of the Polygon distributed ledger network for quick and affordable transactions, we suggest a method of payment that gets beyond these restrictions in this article. The MetaMask electronic wallet securely manages user transaction data, enabling privacy and independence. The solution aims to encourage wider utilization of cryptocurrencies in online shopping by combining blockchain innovations with electronic wallets. The figures obtained demonstrate the advantages that retailers can have as a result.

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Author information

Authors and Affiliations

  1. Department of Electronics and Communication Engineering, National Institute of Technology, Patna, India

    Prashnatita Pal & Bikash Chandra Sahana

  2. St. Thomas College of Engineering and Technology Kolkata, Kolkata, India

    Prashnatita Pal

  3. Department of Computer Science and Engineering, Techno India University, Kolkata, India

    Jayanta Poray & Rituparna Bhattacharya

Authors
  1. Prashnatita Pal
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  2. Bikash Chandra Sahana
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  3. Jayanta Poray
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  4. Rituparna Bhattacharya
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Corresponding author

Correspondence to Prashnatita Pal .

Editor information

Editors and Affiliations

  1. Department of Mathematics, Pranveer Singh Institute of Technology, Kanpur, India

    Atul Chaturvedi

  2. Department of Mathematics, Indian Institute of Technology Jammu, Jammu, India

    Sartaj Ul Hasan

  3. Applied Statistics Unit, Indian Statistical Institute, Kolkata, India

    Bimal Kumar Roy

  4. Department of Mathematics, Bar-Ilan University, Ramat-Gan, Israel

    Boaz Tsaban

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© 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

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Pal, P., Sahana, B.C., Poray, J., Bhattacharya, R. (2024). Blockchain-Based Cryptocurrency Payment System Model for Business-To-Consumer E-Commerce Platforms. In: Chaturvedi, A., Hasan, S.U., Roy, B.K., Tsaban, B. (eds) Cryptology and Network Security with Machine Learning. ICCNSML 2023. Lecture Notes in Networks and Systems, vol 918. Springer, Singapore. https://doi.org/10.1007/978-981-97-0641-9_14

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  • DOI: https://doi.org/10.1007/978-981-97-0641-9_14

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-97-0640-2

  • Online ISBN: 978-981-97-0641-9

  • eBook Packages: EngineeringEngineering (R0)

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