Design and Application of e‐Commerce Platform System Based on Blockchain Technology on the Internet of Things

Bin Zhao, Xue Jiang, Na Zhang, Qian Guo, RongRong Song · Wireless Communications and Mobile Computing · 2022

Focusing on the problems of platform monopoly, power rent‐seeking and high cost in the current Internet e‐commerce platform system, a new method and paradigm of e‐commerce platform is introduced in this paper based on the blockchain, smart contract technology, tokenomics thought, and e‐commerce professional theory. The interconnection of e‐commerce information value chain can be realized by means of blockchain related technology and the construction of circulation system, payment system, and credit system in the core module of e‐commerce platform. From the perspective of users of e‐commerce platform, the optimizing of the application process and operation structure of e‐commerce operation can significantly improve users’ service experience, avoid information disclosure risk, and reduce process redundancy as well. The prominent advantages of this e‐commerce platform include data security, data sharing, shopping cost reduction, monopoly elimination, community construction, and commercial form innovation. The e‐commerce function was originally defined as building an e‐commerce platform, optimizing and promoting various search products, maintaining, refactoring and extending the e‐commerce platform, and developing and monetizing online products. It has 6 operating modes: direct sales model, yellow pages model, coupon model, brokerage model, reservation model, and market model.

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