Blockchain in Action: Real-World Applications

Hellwig, Daniel; Karlic, Goran; Huchzermeier, Arnd

doi:10.1007/978-3-030-40142-9_8

Cited by 3 publications

(5 citation statements)

References 1 publication

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“…• Perceived reputation 7 will have a positive effect on online trust. Since trust in a seller and their reliability is essential to reducing the risk that a buyer may perceive individually when shopping and interacting on a platform, the reputation of the seller(s) is a key determining a buyer's shopping intentions.…”

Section: Overviewmentioning

confidence: 99%

“…Bitcoin has undoubtly made blockchain technology an important trend in decentralization and a point of change for understanding modern Peer-to-Peer (P2P) interactions [6]. The introduction of this disruptive technology of storage and transmission of information has then allowed the creation and advancement of initiatives in many fields (e.g., finance, logistics, art, real estate, IoT, and identify management) that are an integral part of our modern society [7], as well as the advent of more autonomous 2.0 applications without any hierarchical system as such: distributed/decentralized applications (dApps). These dApps operate independently and autonomously without any TTP, for instance thanks to the use of smart contracts that run on a decentralized and distributed computing system, the blockchain [8].…”

Section: Lysis or Friendship Platomentioning

confidence: 99%

“…If this is not the case, the transaction is cancelled. [7,8] Table 9: Functions description of the operating algorithm (Fig. 3).…”

Section: Sellsmentioning

confidence: 99%

“…[C1] Alice or Bob has the possibility to cancel the transaction after Bob has already paid the X tokens and before Alice sends the package. Bob will be refunded with his X tokens Possibility for both parties (i.e., buyer and seller) to cancel the transaction (from [6] to [7] and from [7] to [8]) once Bob has paid and before Alice has sent the package. In this instance, the transaction is cancelled, the escrow is released and Bob is refunded with his X tokens.…”

Section: Cancellation Functions (C1) To (C5)mentioning

confidence: 99%

“…without relying on any TTP). (7) As an illustration, Fig. 5 shows the sequence diagram observed within Lyzis Marketplace, which details the possible interactions among the actors involved in providing a service.…”

Section: Services and Dematerialized Goodsmentioning

confidence: 99%

See 4 more Smart Citations

An Efficient and Decentralized Blockchain-based Commercial Alternative (Full Version)

Zeggari¹,

Lambiotte²,

Abadi³

2022

Preprint

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While online interactions and exchanges have grown exponentially over the past decade, most commercial infrastructures still operate through centralized protocols, and their success essentially depends on trust between different economic actors. Digital advances such as blockchain technology has led to a massive wave of Decentralized Ledger Technology (DLT ) initiatives, protocols and solutions. This advance makes it possible to implement trustless systems in the real world, which, combined with appropriate economic and participatory incentives, would foster the proper functioning and drive the adoption of a decentralized platform among different actors. This paper describes an alternative to current commercial structures and networks by introducing Lyzis Labs, which is is an incentive-driven and democratic protocol designed to support a decentralized online marketplace, based on blockchain technology. The proposal, Lyzis Marketplace, allows to connect two or more people in a decentralized and secure way without having to rely on a Trusted Third Party (TTP ) in order to perform physical asset exchanges while mainly providing transparent and fully protected data storage. This approach can potentially lead to the creation of a permissionless, efficient, secure and transparent business environment where each user can gain purchasing and decision-making power by supporting the collective welfare while following their personal interests during their various interactions on the network.

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Section: Overviewmentioning

confidence: 99%

Section: Lysis or Friendship Platomentioning

confidence: 99%

“…If this is not the case, the transaction is cancelled. [7,8] Table 9: Functions description of the operating algorithm (Fig. 3).…”

Section: Sellsmentioning

confidence: 99%

Section: Cancellation Functions (C1) To (C5)mentioning

confidence: 99%

Section: Services and Dematerialized Goodsmentioning

confidence: 99%

See 3 more Smart Citations

An Efficient and Decentralized Blockchain-based Commercial Alternative (Full Version)

Zeggari¹,

Lambiotte²,

Abadi³

2022

Preprint

View full text Add to dashboard Cite

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Potenzialanalyse datengetriebener Business Cases auf Basis von Blockchain

Branke

Böttcher

Szedlak

et al. 2021

Qualitätsmanagement in Den 20er Jahren - Trends Und Perspektiven

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An Efficient and Decentralized Blockchain-based Commercial Alternative

Zeggari¹,

Lambiotte

Abadi

et al. 2023

2023 IEEE 20th International Conference on Software Architecture Companion (ICSA-C)

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Sneakers were designated as the most counterfeited fashion item online, with three times more risk in a trade than any other fashion purchase. As the market expands, the current sneaker scene displays several vulnerabilities and trust flaws, mostly related to the legitimacy of assets or actors. In this paper, we investigate various blockchain-based mechanisms to address these large-scale trust issues. We argue that (i) pre-certified and tracked assets through the use of non-fungible tokens can ensure the genuine nature of an asset and authenticate its owner more effectively during peer-to-peer trading across a marketplace; (ii) a game-theoretic-based system with economic incentives for participating users can greatly reduce the rate of online fraud and address missed delivery deadlines; (iii) a decentralized dispute resolution system biased in favour of an honest party can solve potential conflicts more reliably.

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Blockchain in Action: Real-World Applications

Cited by 3 publications

References 1 publication

An Efficient and Decentralized Blockchain-based Commercial Alternative (Full Version)

An Efficient and Decentralized Blockchain-based Commercial Alternative (Full Version)

Potenzialanalyse datengetriebener Business Cases auf Basis von Blockchain

An Efficient and Decentralized Blockchain-based Commercial Alternative

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