Trading Application Based on Blockchain Technology

Abstract

Blockchain is a growing distributed list of records that are linked using cryptographic hashes. Its robustness, simplicity, immutability and trust are basis for development of interesting innovative business solutions. Considering some use-case scenarios within the financial sector, we developed a Blockchain based trading application placed on the Cosmos network. Cosmos is a decentralized network of independent, scalable, and interoperable Blockchains, creating the foundation for new economy. Our work describes the application functionalities for buying, selling and renting goods. It shows the easiness of trading, while eliminating the third parties and demonstrates the disruptive potential of the Blockchain technologies.

Self-employment in the Construction Machinery Industry with Blockchain Technology in Mind

“…In recent years, many scholars have conducted in-depth research on blockchain technology and self-employment in the construction machinery industry, and have achieved good results. For example, researchers such as Kanevche J used a blockchain federation-backed fog layer and smart contracts to ensure privacy, using optimised smart contracts that reduce the monetary cost of vehicles and provide more location privacy protection; performance analysis showed that the solution provides optimal monetary cost management and secure, private, and fast block validation [8]. sitnik A A by consulting with participating food subsidy various stakeholders in the value chain, proposed a blockchain-based system using the principles of value-focused thinking (VFT), which was demonstrated through a prototype to provide a solution to the food problem [9].…”