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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Smart Contract Based E-commerce Payment Gateway |
| Authors Name: | ALUVALA KEERTHAN CHAND , Dr. K.P.Kaliyamurthie |
| Unique Id: | IJSDR2305121 |
| Published In: | Volume 8 Issue 5, May-2023 |
| Abstract: | Digital payments have gained significant popularity in recent times, owing to the convenience and security they offer. Concurrently, there is a growing interest in digital currencies as they are widely accepted by numerous businesses and websites. The advent of Web3 has further simplified digital currency transactions, enabling anyone with a digital wallet to hold and transact digital currency with ease. However, this easy accessibility also poses a threat, as decentralized currencies lack ownership or control, and victims of scams or frauds have little or no recourse to recover their lost funds. In light of this challenge, a proposed system involves deploying a smart contract on the Ethereum network that safeguards the customer's funds by holding them and preventing their transfer to the vendor until the delivery partner enters the One-Time Password (OTP) provided by the smart contract. If the OTP verification fails, the contract will be timeout, and the funds will be returned to the customer, ensuring the prevention of fraudulent transactions. This system aims to mitigate the risk of digital currency scams and bolster the security of digital transactions, instilling confidence in users and promoting the wider adoption of digital payments. |
| Keywords: | blockchain, smart contracts, e-commerce, payment gateway, solidity, ethereum |
| Cite Article: | "Smart Contract Based E-commerce Payment Gateway", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 5, page no.802 - 805, May-2023, Available :http://www.ijsdr.org/papers/IJSDR2305121.pdf |
| Downloads: | 000337072 |
| Publication Details: | Published Paper ID: IJSDR2305121 Registration ID:206277 Published In: Volume 8 Issue 5, May-2023 DOI (Digital Object Identifier): Page No: 802 - 805 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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