Towards a Mechanism for Protecting Seller’s Interest of Cash on Delivery by using Smart Contract in Hyperledger
Journal Title: International Journal of Advanced Computer Science & Applications - Year 2019, Vol 10, Issue 4
Abstract
In emerging economies, with the explosion of e-commerce, payment methods have increasingly enhanced security. However, Cash-on-Delivery (COD) payment method still prevails in cash-based economies. Although COD allows consumers to be more proactive in making payments, it still appears to be vulnerable by the appearance of a third party (shipping companies). In this paper, we proposed a payment system based on “smart contract” implemented on top of blockchain technology to minimize risks for parties. The platform consists of a set of rules that each party must follow including specific delivery time and place, cost of delivery, mortgage money; thereby, forcing parties to be responsible for their tasks in order to complete the contract. We also provided a detailed implementation to illustrate the efficiency of our model.
Authors and Affiliations
Ha Xuan Son, Minh Hoang Nguyen, Nguyen Ngoc Phien, Hai Trieu Le, Quoc Nghiep Nguyen, Van Dai Dinh, Phu Thinh Tru, Phuc Nguyen
Keywords
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- EP ID EP550252
- DOI 10.14569/IJACSA.2019.0100405
- Views 86
- Downloads 0
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