Blockchain Implementation in E-Commerce to Improve The Security Online Transactions

Guntara, Rangga Gelar; Nurfirmansyah, None Muhammad Naufal; Ferdiansyah,

doi:10.58526/jsret.v2i1.85

Cited by 5 publications

(4 citation statements)

References 18 publications

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“…In the research conducted by Guntara, R., Nurfirmansyah, M., and Ferdiansyah [4], The characteristics of integrating blockchain technology with e-commerce are highlighted, underscoring its advantages in terms of ensuring secure transactions and protecting user information. Multiple approaches to implementing blockchain in online e-commerce transactions are examined, payments using cryptocurrencies for faster and safer payments, digital identity verification to prevent fraud, item tracking to track purchased products easily, and application development to enhance transaction security.…”

Section: Related Studymentioning

confidence: 99%

“…This technology can enhance the security of transactions and safeguard user data in e-commerce. For example to secure online payments, BitPay company has been used blockchain technology [4]. Allowing the business owners to accept cryptocurrency in order to obtain a secure payments.…”

Section: Introductionmentioning

confidence: 99%

“…As a result the customers do not need to add their credit card information and complete their payments process using the Bitcoin. Encryption is an essential feature for BitPay systems to safeguard payment transactions [4]. By utilizing the blockchain, users' identities can be verified.…”

Section: Introductionmentioning

confidence: 99%

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A Review of Blockchain’s Role in E-Commerce Transactions: Open Challenges, and Future Research Directions

Albshaier,

Almarri,

Hafizur Rahman

2024

Computers

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The Internet’s expansion has changed how the services accessed and businesses operate. Blockchain is an innovative technology that emerged after the rise of the Internet. In addition, it maintains transactions on encrypted databases that are distributed among many computer networks, much like digital ledgers for online transactions. This technology has the potential to establish a decentralized marketplace for Internet retailers. Sensitive information, like customer data and financial statements, should be routinely transferred via e-commerce. As a result, the system becomes a prime target for cybercriminals seeking illegal access to data. As e-commerce increases, so does the frequency of hacker attacks that raise concerns about the safety of e-commerce platforms’ databases. Owing to the sensitivity of customer data, employee records, and customer records, organizations must ensure their protection. A data breach not only affects an enterprise’s financial performance but also erodes clients’ confidence in the platform. Currently, e-commerce businesses face numerous challenges, including the security of the e-commerce system, transparency and trust in its effectiveness. A solution to these issues is the application of blockchain technology in the e-commerce industry. Blockchain technology simplifies fraud detection and investigation by recording transactions and accompanying data. Blockchain technology enables transaction tracking by creating a detailed record of all the related data, which can assist in identifying and preventing fraud in the future. Using blockchain cryptocurrency will record the sender’s address, recipient’s address, amount transferred, and timestamp, which creates an immutable and transparent ledger of all transaction data.

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Section: Related Studymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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A Review of Blockchain’s Role in E-Commerce Transactions: Open Challenges, and Future Research Directions

Albshaier,

Almarri,

Hafizur Rahman

2024

Computers

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“…Blockchain, a decentralized and immutable ledger system, has built-in security and transparency characteristics. Specifically, the integration of the Decentralized Identifiable Distributed Ledger Technology-Blockchain (DIDLT-BC) method presents a revolutionary technique for ensuring the safety and security of e-commerce transactions [4].…”

Section: Introductionmentioning

confidence: 99%

Safety and Security of E-commerce Transactions Based on Blockchain Technology

Aifang Zhang

2024

jes

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The safety and security of e-commerce transactions are critical in today's digital landscape, where cyber risks abound. Blockchain technology's decentralized, transparent, and immutable ledger system offers a viable solution to these concerns. This study investigates the use of Distributed Ledger Technology (DLT), specifically Decentralized Identifiable Distributed Ledger Technology (DIDLT), in conjunction with the innovative Blockchain Consent Algorithm (BCA), to improve the safety and security of e-commerce transactions. Secure data storage and retrieval in e-commerce can be achieved by accurate digital signature production, key generation, blockchain building, and validation. This paper investigates how DIDLT, which combines decentralized identity management with blockchain technology, and BCA, a cutting-edge consensus algorithm designed for blockchain environments, work together to protect e-commerce transactions from identity theft, payment fraud, and data manipulation. This paper throws insight into DIDLT and BCA's potential to transform the e-commerce safety and security market by providing an in-depth analysis of their implementation. Using the incorporated DIDLT-BCA model significantly improves the safety effectiveness of the network, resulting in 98% security, shorter performance times of as much as 150 milliseconds, and mining times of up to 0.98 s.

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Blockchain Based UPI Technology for Secured Peer-to-Peer Cryptocurrency Transactions

Tressa,

Priya

2023

2023 Global Conference on Information Technologies and Communications (GCITC)

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Blockchain Implementation in E-Commerce to Improve The Security Online Transactions

Cited by 5 publications

References 18 publications

A Review of Blockchain’s Role in E-Commerce Transactions: Open Challenges, and Future Research Directions

A Review of Blockchain’s Role in E-Commerce Transactions: Open Challenges, and Future Research Directions

Safety and Security of E-commerce Transactions Based on Blockchain Technology

Blockchain Based UPI Technology for Secured Peer-to-Peer Cryptocurrency Transactions

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