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A Smart Contract to Facilitate Goods Purchasing Based on Online Haggle

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Abstract

Blockchain technology is growing very rapidly, not only in the field of cryptocurrency transactions but also in other fields such as health care services, service companies, manufacturing. Smart contracts are a series of instruction codes, which automatically verify, execute, and tamper with. With the integration of blockchain technology, it can perform tasks in real time with a high level of security. In this study, we built a smart contract model based on online haggling in determining the purchase of a product. Buyers and sellers haggle with each other for the products they want via online the seller web app. Finally, we propose a smart contract design model using online haggling, which can help provide decision-making in determining the appropriate price from the seller and buyer agreement.

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Acknowledgements

This study is supported by the Ministry of Science and Technology (MOST), Taiwan, Republic of China, under the grants of MOST 107-2221-E-468-015. This research is also partially supported by the MOST through Pervasive Artificial Intelligence Research (PAIR) Labs, Taiwan under the grants MOST 108-2634-F-468-001

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Correspondence to Hsing-Chung Chen , Chieh-Yang Shih or Zon-Yin Shae .

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Chen, HC., Irawan, B., Shih, CY., Damarjati, C., Shae, ZY., Chang, F. (2020). A Smart Contract to Facilitate Goods Purchasing Based on Online Haggle. In: Barolli, L., Xhafa, F., Hussain, O. (eds) Innovative Mobile and Internet Services in Ubiquitous Computing . IMIS 2019. Advances in Intelligent Systems and Computing, vol 994. Springer, Cham. https://doi.org/10.1007/978-3-030-22263-5_58

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