Fostering Customer Bargaining and E-Procurement Through a Decentralised Marketplace on the Blockchain

Martins, João; Parente, Manuel; Amorim‐Lopes, Mário; Amaral, Luís; Figueira, Gonçalo; Rocha, Pedro; Amorim, Pedro

doi:10.1109/tem.2020.3021242

Cited by 23 publications

(13 citation statements)

References 41 publications

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“…BitCom [154] is a decentralized supply chain model built on the blockchain to provide a clean and efficient trading environment. Martins et al [155] proposed a customer-driven supply chain marketplace on the blockchain, where customers post their proposals and suppliers strive to outbid each other in a reverse auction model. Similarly, Koirala et al [156] introduced a solution to improve transparency and traceability in the carrier procurement process.…”

Section: Others 1) Data Managementmentioning

confidence: 99%

Integration of Blockchain and Auction Models: A Survey, Some Applications, and Challenges

Laat

Grosso

Shi

2023

IEEE Commun. Surv. Tutorials

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In recent years, blockchain has gained widespread attention as an emerging technology for decentralization, transparency, and immutability in advancing online activities over public networks. As an essential market process, auctions have been well studied and applied in many business fields due to their efficiency and contributions to fair trade. Complementary features between blockchain and auction models trigger a great potential for research and innovation. On the one hand, the decentralized nature of blockchain can provide a trustworthy, secure, and cost-effective mechanism to manage the auction process; on the other hand, auction models can be utilized to design incentive and consensus protocols in blockchain architectures. These opportunities have attracted enormous research and innovation activities in both academia and industry; however, there is a lack of an in-depth review of existing solutions and achievements. In this paper, we conduct a comprehensive state-ofthe-art survey of these two research topics. We review the existing solutions for integrating blockchain and auction models, with some application-oriented taxonomies generated. Additionally, we highlight some open research challenges and future directions towards integrated blockchain-auction models.

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Section: Others 1) Data Managementmentioning

confidence: 99%

Integration of Blockchain and Auction Models: A Survey, Some Applications, and Challenges

Laat

Grosso

Shi

2023

IEEE Commun. Surv. Tutorials

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“…Authors claim that their marketplace model is the first to address the task of art assets trading. In [74] authors approach the model of e-marketplace from the direction of the customer. They propose a blockchain-based e-commerce marketplace where customers make their orders and submit them to the platform.…”

Section: E-commercementioning

confidence: 99%

A Survey on Blockchain-Based Telecommunication Services Marketplaces

Tkachuk

Ilie

Tutschku

et al. 2022

IEEE Trans. Netw. Serv. Manage.

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Digital marketplaces were created recently to accelerate the delivery of applications and services to customers. Their appealing feature is to activate and dynamize the demand, supply, and development of digital goods, applications, or services.By being an intermediary between producer and consumer, the primary business model for a marketplace is to charge the producer with a commission on the amount paid by the consumer. However, most of the time, the commission is dictated by the marketplace facilitator itself and creates an imbalance in value distribution, where producer and consumer sides suffer monetarily. In order to eliminate the need for a centralized entity between the producer and consumer, a blockchain-based decentralized digital marketplace concept was introduced. It provides marketplace actors with the tools to perform business transactions in a trusted manner and without the need for an intermediary.In this work, we provide a survey on Telecommunication Services Marketplaces (TSMs) which employ blockchain technology as the main trust enabling entity in order to avoid any intermediaries. We provide an overview of scientific and industrial proposals on the blockchain-based online digital marketplaces at large, and TSMs in particular. We consider in this study the notion of telecommunication services as any service enabling the capability for information transfer and, increasingly, information processing provided to a group of users by a telecommunications system. We discuss the main standardization activities around the concepts of TSMs and provide particular use-cases for the TSM business transactions such as SLA settlement. Also, we provide insights into the main foundational services provided by the TSM, as well as a survey of the scientific and industrial proposals for such services. Finally, a prospect for future developments is given.

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“…To prevent double financing fraud, the invoice is stored in IPFS and its hash is broadcast into the blockchain, thereby enabling the investors to view the status, place a bid, and make an investment. Martins et al [31] also introduce a decentralized marketplace for business-to-business and businessto-customer transactions where customers suggest services through auction and suppliers fulfill these services through bidding. The orders are placed individually or aggregated, inviting suppliers to submit bids.…”

Section: B Auction and Bidding With Nfts And Blockchainmentioning

confidence: 99%

Using NFTs and Blockchain for Traceability and Auctioning of Shipping Containers and Cargo in Maritime Industry

et al. 2022

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The maritime industry is a complex multi-tiered sector that plays a major role in international shipping and trade. Seaborne transportation is responsible for 90% of goods moved globally, and containerized shipments account for more than 50% of those goods. This volume of movement requires efficient tracking and traceability methods that secure the documentation process and ensure the involved stakeholders. However, due to its complexity, the maritime industry suffers from a lack of trust, lack of ownership evidence, protracted documentation procedures, and excessive data aggregation. These shortcomings are reflected in delays and elevated costs in the shipping process. To mitigate these problems, we propose in this paper a blockchain-based solution for the ownership history and traceability of shipping containers in the industry. Our solution utilizes smart contracts and non-fungible tokens (NFTs) on the Ethereum blockchain to accelerate the inefficient shipping process by digitizing ownership transfer and process documentation. Furthermore, the proposed system allows the owners to auction off their cargo in the destination ports, freeing warehouses and containers in the process. We analyze our proposed system in terms of transaction costs and smart contract security. The smart contracts are developed using the Solidity language in the Remix IDE and the code is made publicly available on GitHub.

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Fostering Customer Bargaining and E-Procurement Through a Decentralised Marketplace on the Blockchain

Cited by 23 publications

References 41 publications

Integration of Blockchain and Auction Models: A Survey, Some Applications, and Challenges

Integration of Blockchain and Auction Models: A Survey, Some Applications, and Challenges

A Survey on Blockchain-Based Telecommunication Services Marketplaces

Using NFTs and Blockchain for Traceability and Auctioning of Shipping Containers and Cargo in Maritime Industry

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