Secure Room-Sharing Decentralized App Development on Ethereum Block Chain Using Smart Contracts

Abstract

The purpose of this research is to analyze whether Blockchain technology can affect the share-economy. Apart from that, blockchain technology has been innovating the whole of the industries and so the academics are discovering the possibilities and starting to incorporate them in order to provide additional tech possibilities. The sharing economic system is the system which enables to share asset among the one person to the other person. It has seen the remarkable growth in the last few years, Uber, Careem, Airbnb, Zostel, Hostel World are some companies to mention which have fueled this growth. Yet, the majority of the transactions through the sharing economy system are facilitated by a centralized infrastructure executing an intermediary role that might be vulnerable to issues of hacking and data breach and such operations come at a high cost and expending more effort in keeping the system active is also a factor worth mentioning. A different method which is free of control centers such as the peer-to-peer sharing and smart service model which is being implemented in the Hospitality industry can overcome those obstacles. Through the use of a blockchain-backed payment system based on an accommodation-sharing structure, the research will develop a prototype of the proposed system in the form of a DApp on the Ethereum blockchain. The aim of these studies and research is to inform the public about the revolution that is blockchain and its benefits for trade, technology, business, and daily life.