Revolutionizing E-Commerce Security: A Secured Infrastructure Utilizing BlockChain
Ashish Gupta, Harsh Yadav, Shanu Sharma · 2024
With the increase in technological advancement in the world, there is a huge shift going on as everyone wants to shift online and have a broader market available to them. E-commerce websites are a platform where a lot of orders and transactions are being made daily. Nowadays the market is shifting to an e-commerce platform for a bigger market and profit their business. With this technical advancement, there comes a threat to the information and data that are available, since most of the transactions are being recorded online. Thus, there is always a concern related to the security of user data, which can also be resolved using blockchain. Blockchain Technology which was proposed by Satoshi Nakamoto as a decentralized currency component of bitcoin technology. It also provides security to store data as it is immutable in nature. The main idea is that all the data of the user will be stored on blockchain so that it cannot be breached and all the information about the user remains preserved. In this article, a preliminary analysis is performed on existing work to understand the different types of security issues in the E-Commerce Sector. Further, the applicability of Blockchain is explored to provide a more secure infrastructure for the users and administration using E-Commerce services. To showcase the applicability of blockchain, here an E-Commerce platform is also developed using ShopKart, where the product information and transaction information is kept secure using Smart Contract in Blockchain. Furthermore, the cryptocurrency-based payment gateway is also introduced for the worldwide acceptability of payments.