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Blockchain Technology Benefit in Tackling Online Shopping Transaction Revocation Issue

Published: 13 July 2020 Publication History

Abstract

Online shopping interoperability is focused a long-time ago in data exchange between the shop and the logistics companies. For the payment system, it also communicates well with the banking system. However, revocation transaction issue is still difficult to be handled while enabling interoperability because it involves fairness of related parties and difficulty in maintaining the transaction process till the end. In this paper, we present how blockchain technology might help solving the problem through four aspects: (1) digital access rules, (2) data immutability, (3) package tracking and update, and (4) easy payment management. We then propose payment distribution formulas to address the revocation issue.

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  • (2023)The Implement of a Reconfigurable Intelligence Trust Chain Platform with Anti-counterfeit Traceable Version Function for the Customized System-Module-ICInnovative Mobile and Internet Services in Ubiquitous Computing10.1007/978-3-031-35836-4_28(261-272)Online publication date: 17-Jun-2023
  • (2022)An Implementation of Trust Chain Framework with Hierarchical Content Identifier Mechanism by Using Blockchain TechnologySensors10.3390/s2213483122:13(4831)Online publication date: 26-Jun-2022
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  1. Blockchain Technology Benefit in Tackling Online Shopping Transaction Revocation Issue

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    cover image ACM Other conferences
    ICFET '20: Proceedings of the 6th International Conference on Frontiers of Educational Technologies
    June 2020
    235 pages
    ISBN:9781450375337
    DOI:10.1145/3404709
    Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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    Publication History

    Published: 13 July 2020

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    Author Tags

    1. Blockchain Technology
    2. Interoperability
    3. Online Shopping
    4. Revocation Transaction

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    View all
    • (2023)A Music Therapy Model Based on Consortium Blockchain Platform with Evidence and Tracking Efficacy of Hypertension TreatmentAdvances on Broad-Band and Wireless Computing, Communication and Applications10.1007/978-3-031-46784-4_31(323-334)Online publication date: 31-Oct-2023
    • (2023)The Implement of a Reconfigurable Intelligence Trust Chain Platform with Anti-counterfeit Traceable Version Function for the Customized System-Module-ICInnovative Mobile and Internet Services in Ubiquitous Computing10.1007/978-3-031-35836-4_28(261-272)Online publication date: 17-Jun-2023
    • (2022)An Implementation of Trust Chain Framework with Hierarchical Content Identifier Mechanism by Using Blockchain TechnologySensors10.3390/s2213483122:13(4831)Online publication date: 26-Jun-2022
    • (2022)Reconfigurable PM2.5 Sensor Green Deployment Mechanism Based on Blockchain Technology2021 International Conference on Security and Information Technologies with AI, Internet Computing and Big-data Applications10.1007/978-3-031-05491-4_37(368-378)Online publication date: 30-Nov-2022
    • (2020)Cryptocurrencies as a Financial Tool: Acceptance FactorsMathematics10.3390/math81119748:11(1974)Online publication date: 6-Nov-2020

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