Adopting Blockchain in Car Trading platforms: literature review
Keywords:
Artificial Neural Network, Convolutional Neural Networks, Recurrent Neural Networks.Abstract
Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain. The data is chronologically consistent because you cannot delete or modify the chain without consensus from the network. As a result, you can use blockchain technology to create an unalterable or immutable ledger for tracking orders, payments, accounts, and other transactions. The system has built-in mechanisms that prevent unauthorized transaction entries and create consistency in the shared view of these transactions. (Amazon, 2023) Blockchain technology has the following main features Decentralization: Decentralization in blockchain refers to transferring control and decision making from a centralized entity (individual, organization, or group) to a distributed network. Decentralized blockchain networks use transparency to reduce the need for trust among participants. These networks also deter participants from exerting authority or control over one another in ways that degrade the functionality of the network. Immutability: Immutability means something cannot be changed or altered. No participant can tamper with a transaction once someone has recorded it to the shared ledger. If a transaction record includes an error, you must add a new transaction to reverse the mistake, and both transactions are visible to the network Consensus: A blockchain system establishes rules about participant consent for recording transactions. You can record new transactions only when most participants in the network give their consent. (Amazon, 2023).
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Chen, J., Zhang, D., Chen, Y. V., & Qian, Z. C. (2017). Employing Relation Visualizations to Enhance the Shopping Experience on a Used Car Trading Platform. In HCI in Business, Government and Organizations. Supporting Business: 4th International Conference, HCIBGO 2017, Held as Part of HCI International 2017, Vancouver, BC, Canada, July 9-14, 2017, Proceedings, Part II 4 (pp. 16-28). Springer International Publishing.
Zavolokina, L., Zani, N., & Schwabe, G. (2020). Designing for trust in blockchain platforms. IEEE Transactions on Engineering Management.
Chen, J., Ruan, Y., Guo, L., & Lu, H. (2020). BCVehis: A blockchain-based service prototype of vehicle history tracking for used-car trades in China. IEEE Access, 8, 214842-214851.
Zhang, J., Zhao, H., Yang, Y., & Yan, J. (2019, July). Towards transparency and trustworthiness: A used-car deposit platform based on blockchain. In 2019 IEEE 19th International Conference on Software Quality, Reliability and Security Companion (QRS-C) (pp. 46-50). IEEE.
Yoo, S. G., & Ahn, B. (2021). A study for efficiency improvement of used car trading based on a public blockchain. The Journal of Supercomputing, 77, 10621-10635.
Zavolokina, L., Ziolkowski, R., Bauer, I., & Schwabe, G. (2020). Management, governance, and value creation in a blockchain consortium. MIS Quarterly Executive, 19(1), 1-17.
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Copyright (c) 2023 Kiran Kumar, Halima Al Mahrezi; Khoula Al Harthy
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