Distributed e-commerce platform system based on block chain
An e-commerce platform and blockchain technology, applied in the field of distributed e-commerce platform systems, can solve the problems of merchants modifying rating levels, system authenticity, fairness risks, poor flexibility, etc., and achieve the effect of improving sellers' profit margins
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[0065] Blockchain is essentially a decentralized database, which is a series of associated data blocks generated by cryptographic methods. Each data block contains the information of the entire network transaction for a period of time, which is used to verify the validity of the information and produce the next block. Blockchain is a technical solution to collectively maintain a reliable database in a decentralized and trustless manner. Therefore, the blockchain can also be called a technology of national bookkeeping, or it can be understood as a distributed general ledger technology.
[0066] A smart contract is a computer program that can automatically execute the terms of a contract. The reason why the blockchain is considered a disruptive technology is mainly because smart contracts can be implemented on the blockchain. Smart contracts are not only defined by code, but also enforced by code, which is completely automatic and cannot be intervened. Smart contracts are dece...
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