International Journal of Innovative Research in Computer and Communication Engineering
ISSN Approved Journal | Impact factor: 8.771 | ESTD: 2013 | Follows UGC CARE Journal Norms and Guidelines
| Monthly, Peer-Reviewed, Refereed, Scholarly, Multidisciplinary and Open Access Journal | High Impact Factor 8.771 (Calculated by Google Scholar and Semantic Scholar | AI-Powered Research Tool | Indexing in all Major Database & Metadata, Citation Generator | Digital Object Identifier (DOI) |
| TITLE | Blockchain-Enabled Escrow System for Transparent Online Transactions |
|---|---|
| ABSTRACT | Trust issues and fraudulent practices often arise in the dealings of anonymous participants in online payments, requiring the need for an intermediary in the form of a bank or other business platforms for acting as escrow services. The traditional approach is faced with numerous drawbacks, ranging from expensive transaction costs, lack of transparency regarding decision making, inefficient dispute resolution process, to centralized control over freezing or reversing any transactions. Trust-based systems lacking automated conditional enforcement mechanisms are inherently flawed. This paper discusses a completely decentralized escrow service based on the use of blockchain technologies that creates a secure, trustworthy, and automated environment for executing transactions within a digital market. Designed based on the Ethereum blockchain platform with the use of Solidity smart contracts, the offered solution allows one to securely lock buyer money and enforce time-lock mechanisms related to product delivery. Among other features, this design implements role-based management using cryptographic wallets, a reputation system that helps to prevent malicious actors from participating in transactions, and a decentralized oracle component for resolving disputes objectively. This blockchain solution is interfaced with a dApp built in React.js, which guarantees secure transaction records without any intermediary fees. |
| AUTHOR | CHENNA BHAVANA, DR. K. SURESH BABU Post Graduate Student, Department of Computer Science Engineering, Cyber Forensic and Information Security, Jawaharlal Nehru Technological University, Hyderabad, India Professor, Department of Computer Science Engineering, Jawaharlal Nehru Technological University, Hyderabad, India |
| VOLUME | 185 |
| DOI | DOI: 10.15680/IJIRCCE.2026.14060119 |
| pdf/119_Blockchain-Enabled Escrow System for Transparent Online Transactions.pdf | |
| KEYWORDS | |
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