Blockchain Implementation in E-Commerce to Improve The Security Online Transactions

Rangga Gelar Guntara; Muhammad Naufal Nurfirmansyah; Ferdiansyah

doi:10.58526/jsret.v2i1.85

Authors

Rangga Gelar Guntara Universitas Pendidikan Indonesia
Muhammad Naufal Nurfirmansyah Universitas Pendidikan Indonesia
Ferdiansyah Universitas Pendidikan Indonesia

DOI:

https://doi.org/10.58526/jsret.v2i1.85

Keywords:

Blockchain, Online Transaction, E-commerce, Cryptocurrencies

Abstract

The implementation of blockchain technology in E-commerce has become an increasingly important topic in recent years. Blockchain can bring big changes in the E-commerce industry, especially in increasing customer security and trust in online transactions. In this article, it is explained how blockchain technology can be used in E-commerce, such as in increasing the security of online transactions, product tracking, use of smart contracts, and digital identities. Nonetheless, the implementation of blockchain technology also has challenges and obstacles that need to be overcome, such as the considerable cost and time involved in system development and integration, as well as regulatory and legal issues related to the use of cryptocurrencies and digital identities. Therefore, the implementation of blockchain technology in E-commerce requires careful strategy and planning to maximize the benefits that this technology can provide.

Downloads

Download data is not yet available.

References

Acungil, S. (2019). BLOCKCHAIN ENHANCED SUPPLY CHAIN.

Alrubei, S. M., Ball, E., & Rigelsford, J. M. (2022). A Secure Blockchain Platform for Supporting AI-Enabled IoT Applications at the Edge Layer. IEEE Access, 10, 18583–18595. https://doi.org/10.1109/ACCESS.2022.3151370

Atzori, M. (2015). Blockchain Technology and Decentralized Governance: Is the State Still Necessary? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2709713

Dewi Widhy Asti, Hasbiah, S., & Wardhana Haeruddin, Muh. I. (2022). The Influence of Price and Product Quality on Product Purchasing Decisions at Pt Intan Pariwara. Journal of Scientific Research, Education, and Technology (JSRET), 1(2), 238–258. https://doi.org/10.58526/jsret.v1i2.32

Efanov, D., & Roschin, P. (2018). The All-Pervasiveness of the Blockchain Technology. Procedia Computer Science, 123, 116–121. https://doi.org/10.1016/j.procs.2018.01.019

Humayun, M., Jhanjhi, N., Hamid, B., & Ahmed, G. (2020). Emerging Smart Logistics and Transportation Using IoT and Blockchain. IEEE Internet of Things Magazine, 3(2), 58–62. https://doi.org/10.1109/IOTM.0001.1900097

Ismanto, L., Ar, H. S., Fajar, A. N., Sfenrianto, & Bachtiar, S. (2019). Blockchain as E-Commerce Platform in Indonesia. Journal of Physics: Conference Series, 1179(1), 012114. https://doi.org/10.1088/1742-6596/1179/1/012114

Kim, S., Park, H., & Lee, J. (2020). Word2vec-based latent semantic analysis (W2V-LSA) for topic modeling: A study on blockchain technology trend analysis. Expert Systems with Applications, 152, 113401. https://doi.org/10.1016/j.eswa.2020.113401

Mendoza-Tello, J. C., Mora, H., Pujol-Lopez, F. A., & Lytras, M. D. (2018). Social Commerce as a Driver to Enhance Trust and Intention to Use Cryptocurrencies for Electronic Payments. IEEE Access, 6, 50737–50751. https://doi.org/10.1109/ACCESS.2018.2869359

Niranjanamurthy, M., Nithya, B. N., & Jagannatha, S. (2019). Analysis of Blockchain technology: pros, cons and SWOT. Cluster Computing, 22(S6), 14743–14757. https://doi.org/10.1007/s10586-018-2387-5

Roopa, S., & Rani, M. (2012). Questionnaire Designing for a Survey. The Journal of Indian Orthodontic Society, 46, 273–277. https://doi.org/10.5005/jp-journals-10021-1104

Rosenthal, M. (2016). Qualitative research methods: Why, when, and how to conduct interviews and focus groups in pharmacy research. Currents in Pharmacy Teaching and Learning, 8(4), 509–516. https://doi.org/10.1016/j.cptl.2016.03.021

Ryan, P. A. (2017). Smart Contract Relations in e-Commerce: Legal Implications of Exchanges Conducted on the Blockchain. Technology Innovation Management Review, 7, 10–17.

Smetanin, S., Ometov, A., Komarov, M., Masek, P., & Koucheryavy, Y. (2020). Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective. Sensors, 20(12), 3358. https://doi.org/10.3390/s20123358

Stephen, R., & Alex, A. (2018). A Review on BlockChain Security. IOP Conference Series: Materials Science and Engineering, 396, 012030. https://doi.org/10.1088/1757-899X/396/1/012030

Taher, G. (2021). E-Commerce: Advantages and Limitations. International Journal of Academic Research in Accounting, Finance and Management Sciences, 11(1). https://doi.org/10.6007/IJARAFMS/v11-i1/8987

Takemiya, M., & Vanieiev, B. (2018). Sora Identity: Secure, Digital Identity on the Blockchain. 2018 IEEE 42nd Annual Computer Software and Applications Conference (COMPSAC), 582–587. https://doi.org/10.1109/COMPSAC.2018.10299

Xu, X., Tatge, L., Xu, X., & Liu, Y. (2022). Blockchain applications in the supply chain management in German automotive industry. Production Planning & Control, 1–15. https://doi.org/10.1080/09537287.2022.2044073

Yang, C.-N., Chen, Y.-C., Chen, S.-Y., & Wu, S.-Y. (2019). A Reliable E-commerce Business Model Using Blockchain Based Product Grading System. 2019 IEEE 4th International Conference on Big Data Analytics (ICBDA), 341–344. https://doi.org/10.1109/ICBDA.2019.8713204

Zhu, X., & Badr, Y. (2018). Identity Management Systems for the Internet of Things: A Survey Towards Blockchain Solutions. Sensors, 18(12), 4215. https://doi.org/10.3390/s18124215