DECENTRALIZED MARKETPLACE SYSTEM FOR LOCAL TRADE

Abstract

This invention relates to a system (1) that enables decentralized marketplaces to make local trade safer, more transparent and efficient by supporting it with blockchain technology.

Description

1 TARIFF DECENTRALIZED MARKETPLACE SYSTEM FOR LOCAL TRADE Technical Area This invention enables decentralized marketplaces and local trade using blockchain technology. supported by and enabling it to become safer, more transparent and efficient. It is related to the system. Previous Tech 10 Today, it is used in our country, especially between local markets and tradesmen and the buyer. There are very few applications that bring together small businesses in markets and bazaars. The seller is in a difficult position due to the commission fees. This is leading to a shift in consumer behavior. Buyers have been turning to these types of platforms since the pandemic, and 15 It has been observed that online shopping has increased. Platforms Until recently, service was only provided through purchases from large supermarkets. This situation provides advantages in terms of price and variety for the buyer, and also for the seller. This causes small businesses to lose customers. Furthermore, local trade is prevalent today. The platforms are generally built on central structures. These platforms, 20 to manage transactions between buyers and sellers and to a central authority They are dependent. For example, platforms like eBay and Amazon allow users to buy products. They are centralized structures that manage listings and trading operations. Centralized The presence of intermediaries in marketplaces leads to high transaction costs and delays. This is the reason. Also, centralized systems, data security risks, and user 25 They face privacy issues. On these platforms, user data is centralized. It is stored in a database, which increases the risk of data breaches. Therefore, considering the studies and shortcomings in the current technique... When this is done, it connects local businesses and customers who cannot establish their own sales platforms. securely over the blockchain network, bypassing intermediary institutions and organizations. 2 by removing and connecting a platform, to large markets in the current structure In addition, although small markets and some tradespeople have been included in the systems all local businesses should be included in the system, and the seller should benefit from the commissions. a platform designed that is not affected and does not lose its own customers It appears that a system providing this is needed. 5 United States Regulation US2019385215, which is included in the known state of the art. The patent document describes a buyer-centric marketplace system. The invention described in the patent document is a buyer-centric marketplace. It uses blockchain technology to create it. The server receives 10 from the receiver. The system records the submitted purchase requests on the blockchain network, allowing sellers to... It enables the system to receive requests and generate offers accordingly. Seller offers, It is processed on the blockchain via the server and sent to financial institutions. These offers are communicated. Financial institutions develop financing products based on these offers. It creates and sends to the blockchain network. The server receives the buyer's and seller's offers on 15 and allows them to review financing products, select an offer or necessary to complete the purchase in accordance with the financing product. It performs the operations automatically. Brief Description of the Invention 20 The aim of this invention is to enable decentralized marketplaces and local trade to operate on the blockchain. making it safer, more transparent and more efficient by supporting it with technology It is about implementing a system developed to provide this. Another aim of this invention is to improve the security and transparency of decentralized marketplaces. and a system developed to improve its efficiency. to accomplish. 3 Another aim of this invention is to bring local sellers and buyers together directly. developed to ensure its introduction and the elimination of intermediaries It is about creating a system. Another aim of this invention is to enable processes to be automated and secure. 5 smart contracts that enable its implementation and decentralized marketplaces, Unlike existing centralized marketplaces, it offers lower transaction costs and faster processing times. developed to provide transactions and enhanced security The goal is to implement the system. Another aim of this invention is to increase user satisfaction and create a safer environment. and providing fast processing times and supporting the local economy It is about implementing a system developed to provide this. Another aim of this invention is to connect local businesses that cannot establish their own sales platforms with 15 securely connects the customer via the blockchain network, bypassing the intermediary institution. by removing the existing organizations and offering a connecting platform, major changes in the current structure. In addition to supermarkets, small markets and some tradespeople are included in the systems. despite this, all local businesses should be included in the system, and the commissions in between should be avoided. a platform where the seller is not affected and does not lose their own customer 20 The goal is to implement a system developed to enable its design. Detailed Description of the Invention The “Central 25 for Local Trade” project was carried out to achieve the purpose of this invention. The "Non-existent Marketplace System" is shown in the attached figure; Figure 1 shows a schematic view of the system that is the subject of the invention. The parts shown in the figure are individually numbered, and these numbers correspond to 30. The corresponding answers are given below. 4 1. System 2. Electronic Devices 3. Interface 4. Server 5 5. Processor 6. Blockchain Network P. Decentralized Marketplace Platform Decentralized marketplaces, local trade with blockchain technology 10 by providing support to make it safer, more transparent and efficient The system in question, developed for the purpose of invention (1); - exchanging data using any remote communication protocol to accomplish and at least run an application on it at least one electronic device configured to (2), 15 - to be carried out on electronic devices (2), product listing, search, fulfilling functions such as payment and evaluation to provide users with access to decentralized marketplace platforms (P) to enable them to log in, sellers, their products to the central office 20 to enable buyers to search for the products they want and to enable them to discover, to allow buyers to choose the product they like. and to enable them to complete the payment process, buyers, purchase They should review and comment on the product they received. at least one interface configured to provide (3), 25 - using any communication protocol with electronic devices (2) to establish a connection, access user logins, registration and by performing identity verification processes, users' identities to ensure they go through verification processes at least one configured server (4), 30 - to be carried out on electronic devices (2), sellers and buyers smart contract transactions that automate operations between them to execute these contracts automatically when the transaction conditions are met. to ensure that it takes effect when the buyer receives the product automatically complete the smart contract transaction and the payment is 5 facilitating the transfer to the seller, cryptocurrencies and local price a payment system that enables payments to be made with different currencies integrating with the method, encryption and user data protecting data privacy through anonymization techniques. at least one processor configured to ensure its security (5), 10 - to establish a connection with the interface (3) and processor (5), processes to be in the form of a distributed ledger where it is recorded and verified, and to ensure security and transparency, central on the interface (3) product information listed on the non-existent marketplace platform (P) and Keeping pricing details on record, interface (3) 15 on the decentralized marketplace platform (P) Payment information is recorded in an anonymized form. at least one blockchain network structured to keep it under control (6) It includes. The electronic device (2) in the system (1) which is the subject of the invention, any remote communication to exchange data using the protocol and have at least one The application is configured to run. Electronic device (2), mobile phone, A tablet is a device in the form of a desktop computer and / or a portable computer. The electronic device (2) is configured to run the interface (3) on it. 25 Electronic device (2), any remote device in the known state of the art. to connect to the server (4) using the communication protocol It is being structured. The interface (3) in the system (1) of which the invention is located on the electronic device (2) 30 It is structured to be executed. Interface (3), product listing, search, payment 6 and to ensure the fulfillment of functions such as evaluation. is structured. Interface (3), users' decentralized marketplace It is configured to enable them to log in to the platforms (P). Interface (3), sellers by listing their products on the decentralized marketplace platform (P) It is structured to enable buyers to offer their products for sale. The interface (3) enables buyers to offer their products for sale. to enable them to search for and discover the products they want It is structured. The interface (3) allows buyers to choose the product they like and It is configured to enable them to complete the payment process. Interface (3) allowing buyers to evaluate and comment on the product they purchased. It is structured to provide. 10 The server (4) in the system in question (1) is located in the known state of the art. the field connects with electronic devices (2) using any communication protocol to establish and run on the electronic device (2) through this established connection The server (4) is configured to communicate with interface (3). Accessing user logins, registration and identity verification via this platform. by performing these operations, users go through the authentication processes. It is structured to enable them to pass through. The processor (5) in the system (1) which is the subject of the invention, has 20 on the electronic device (2) It is configured to be executed. The processor (5) is between sellers and buyers. executing smart contract transactions that automate operations, these contracts, to ensure that it takes effect automatically when the transaction conditions are met It is configured. The processor (5) automatically activates when the receiver receives the product. 25 to complete the smart contract transaction and ensure the payment is transferred to the seller It is structured to process cryptocurrencies and local fiat currency. The processor (5) integrated with a payment method that enables payments to be made with units. It is structured as follows: The processor (5) processes user data, encryption and Protecting data privacy and security through anonymization techniques. It is configured to protect user data. The processor (5) uses “Hash” 30 Its functions and advanced encryption in the form of "Zero Knowledge Proofs" 7 By using these techniques, user data is only processed by authorized entities. to ensure accessibility during the process and to protect information against unauthorized access to allow protection, one party to verify the integrity of the transaction to the other. It is structured to provide proof without requiring any additional information. Processor (5), user authentication processes, decentralized identity 5 to perform this using a validation model, with this model users while protecting their privacy, each on the decentralized marketplace platform (P) to provide a reliable authentication solution for the transaction It is structured. The processor (5) distributes user data to different access layers. by dividing it, user data can only be accessed by relevant and authorized parties. 10 to ensure visibility and to protect data privacy at the highest level, each layer of the interface (3) contains “APIGW”, “Firewalls”, “Network It is configured to add access security in the form of "layers". Processor (5) to distribute the transaction load on the blockchain network (6) and improve transaction speeds using special algorithms to increase network traffic by 15 managing and optimizing transaction processes, using the Ethereum network, “Proof of Using a "stake consensus" algorithm results in higher energy efficiency and greater security. and to use “PoS” technology which has faster transaction times It is structured. The processor (5) works with the dynamic transaction fee model, this The model automatically calculates transaction fees based on network congestion and transaction priorities. to configure it and provide cost savings to users, with its off-chain structure. Offering solutions outside of blockchain technology, processing transactions with "State channels" to be done externally and to ensure that the results are written to the blockchain network (6) It is being structured. The invention consists of the blockchain network (6), interface (3) and processor (5) in the system (1) It is structured to connect with the blockchain network (6), transactions to be in the form of a distributed ledger where it is recorded and verified, and to ensure security and It is structured to ensure transparency. Blockchain network (6), interface (3) 30 products listed on the decentralized marketplace platform (P) to keep their information and pricing details on record 8 is structured. The blockchain network (6) is decentralized on the interface (3). Payment information processed on the marketplace platform (P) is anonymized It is structured to keep records in this way. Industrial application of the invention 5 In the system that is the subject of the invention (1) local tradesmen who cannot establish their own sales platforms securely deliver the customer through the blockchain network (6), between the intermediary institution and By eliminating separate organizations, a connecting platform is provided. The invention consists of the electronic device (2), interface (3), server (4), located in the system (1), processor (5), blockchain network (6) and decentralized marketplace platform (P) providing the user with information and consent in accordance with data privacy principles and in accordance with the Personal Data Protection Law (KVKK) and the General Data Protection Regulation (GDPR). It operates within the framework of the GDPR. 15 Around these fundamental concepts, the invention is titled "Decentralized for Local Trade". It is possible to develop a wide variety of applications related to the Marketplace System (1)” and the invention cannot be limited to the examples described here, but mainly to the claims as stated. 20

Claims

9 REQUESTS 1. Decentralized marketplaces, local trade with blockchain technology. by providing support to make it safer, more transparent and efficient developed for this purpose; 5 - exchanging data using any remote communication protocol to accomplish and at least run an application on it at least one electronic device configured to (2), - to be carried out on electronic devices (2), product listing, search, 10. to provide users with access to decentralized marketplace platforms (P) to enable them to log in, sellers, their products to the central office by listing them on a non-existent marketplace platform (P) and offering them for sale to enable buyers to search for the products they want and to enable them to discover, to allow buyers to choose the product they like 15 and to enable them to complete the payment process, buyers, purchase They should review and comment on the product they received. at least one interface configured to provide (3), - using any communication protocol with electronic devices (2) to connect, access user logins, registration and 20 by performing identity verification processes, users' identities to ensure they go through verification processes including at least one configured server (4); - to be carried out on electronic devices (2), sellers and buyers smart contract transactions that automate operations between them 25 to execute these contracts automatically when the transaction conditions are met. to ensure that it takes effect when the buyer receives the product automatically complete the smart contract transaction and payment facilitating the transfer to the seller, cryptocurrencies and local price a payment system that enables payments with currencies 30 integrating with the method, encryption and user data protecting data privacy through anonymization techniques. at least one processor configured to ensure its security (5), - to establish a connection with the interface (3) and processor (5), processes to be in the form of a distributed ledger where it is recorded and verified, and to ensure security and transparency, central 5 on the interface (3) product information listed on the non-existent marketplace platform (P) and Keeping pricing details on record, interface (3) on the decentralized marketplace platform (P) Payment information is recorded in an anonymized form. with at least one blockchain network (6) structured to keep it under control 10 a characterized system (1).

2. Data exchange using any remote communication protocol. to carry out and at least run an application on it configured and on mobile phones, tablets, desktop computers and / or 15 electronic device (2) which is a portable computer A system like the one in Claim 1, characterized (1).

3. Electronic device (2) configured to run the interface (3) on it. A system like the one in Claim 1 or 2 characterized by (1). 20 4. Connect to the server (4) using any remote communication protocol. characterized by an electronic device (2) configured to establish A system like the one in claim 3 (1).

5. Interface (3) configured to be run on electronic device (2) as in any of the above claims characterized by system (1). 11 6. Functions such as product listing, searching, payment, and reviewing. with the interface (3) structured to ensure its fulfillment as in any of the above characterized claims system (1).

7. Users' access to decentralized marketplace platforms (P) characterized by the interface (3) which is structured to enable them to do so. a system like any of the above-mentioned requests (1).

8. Sellers can list their products on the decentralized marketplace platform (P) 10 interface structured to enable them to list and offer for sale (3) as in any of the above claims characterized by system (1).

9. Enabling buyers to search for and discover the products they want. 15 the above is characterized by the interface (3) structured in such a way as above a system like any of the requests (1).

10. Allows buyers to select the product they like and complete the payment process. 20 with the interface (3) structured to enable them to perform as in any of the above characterized claims system (1).

11. Customer reviews and comments about the product they purchased. 25 characterized by the interface (3) structured to enable them to do so. a system like any of the above-mentioned requests (1).

12. Using any communication protocol with an electronic device (2) to establish a connection and through this established connection electronic device (2) 30 configured to communicate with the interface (3) run on it 12 any of the above requests characterized by the server (4) such a system (1).

13. Accessing user logins, registration and identity via the interface (3).

5. By performing verification processes, users' identity is authenticated. with the server (4) configured to enable them to go through the processes as in any of the above characterized claims system (1).

14. Processor (5) configured to run on electronic device (2) 10 as in any of the above claims characterized by system (1).

15. Smart contracts that automate transactions between sellers and buyers. to carry out the transactions, these contracts, when the transaction conditions are met 15 processor configured to automatically take effect (5) like any of the above-mentioned claims characterized by system (1).

16. The buyer automatically initiates the smart contract process upon receiving the product. 20 to complete and ensure payment is transferred to the seller from the above requests characterized by the configured processor (5) a system like any other (1).

17. Payments with cryptocurrencies and local fiat currencies 25 to integrate with a payment method that enables this from the above requests characterized by the configured processor (5) a system like any other (1). 13 18. Protecting user data using encryption and anonymization techniques. with processor (5) configured to ensure data privacy and security as in any of the above characterized claims system (1).

19. “Hash” Functions and “Zero” to Protect User Data By using advanced encryption techniques such as "Knowledge Proofs," User data can only be accessed during authorized transactions. to ensure that and information is protected against unauthorized access to allow one party to verify the accuracy of the transaction to the other without any additional 10 with processor (5) configured to enable proof without giving information as in any of the above characterized claims system (1).

20. User authentication processes, decentralized identity 15 to perform this using a validation model, with this model users while protecting their privacy, decentralized marketplace platform (P) to provide a reliable authentication solution for every transaction on it The above is characterized by the processor (5) which is configured to do so. a system like any of the requests (1). 20 21. By dividing user data into different access layers, the user that the data can only be viewed by relevant and authorized parties to ensure and protect data privacy at the highest level, the interface (3) Each layer contains “APIGW”, “Firewalls”, “Network layers” 25 with processor (5) configured to add access security in this way as in any of the above characterized claims system (1). 14 22. To distribute the transaction load on the blockchain network (6) and transaction using special algorithms to increase their speeds, with these algorithms, the network managing traffic and optimizing transaction processes, Ethereum network using, using the "Proof of Stake consensus" algorithm, energy "PoS" 5 offers high efficiency, greater security, and faster transaction times. characterized by the processor (5) configured to use the technology a system like any of the above-mentioned requests (1).

23. Working with a dynamic transaction fee model, this model takes into account network congestion and Automatically adjust transaction fees according to transaction priorities and 10 providing cost savings to users, blockchain with its off-chain structure offering non-technology solutions, managing processes externally with "State channels" to ensure that the results are written to the blockchain network (6) from the above requests characterized by the configured processor (5) a system like any other (1). 15 24. Block configured to connect with interface (3) and processor (5) any of the above claims characterized by a chain network (6) a system like one of them (1).

25. To be in the form of a distributed ledger where transactions are recorded and verified. and blockchain network structured to ensure security and transparency (6) as in any of the above claims characterized by system (1).

26. On the decentralized marketplace platform (P) on the interface (3) keeping a record of listed product information and pricing details the above characterized by the blockchain network (6) structured on the above a system like any of the requests (1).

27. On the decentralized marketplace platform (P) on the interface (3) Payment information is recorded in an anonymized form. characterized by the blockchain network (6) structured to hold a system like any of the above requests (1). 10 20 30 35

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