Trustless Intermediation in Blockchain-Based Decentralized Service Marketplaces
| Autor: | Stefan Tai, Markus Klems, Jacob Eberhardt, Ahmed Tidjani, Steffen Härtlein, Simon Buchholz |
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| Rok vydání: | 2017 |
| Předmět: |
Service (business)
Transaction cost Open platform Computer science 05 social sciences 020206 networking & telecommunications 02 engineering and technology Computer security computer.software_genre Dispute resolution Intermediary 0502 economics and business 0202 electrical engineering electronic engineering information engineering ComputingMilieux_COMPUTERSANDSOCIETY Intermediation 050207 economics computer Database transaction Barriers to entry |
| Zdroj: | Service-Oriented Computing ISBN: 9783319690346 ICSOC |
| Popis: | Service marketplaces promise an open platform for sellers and buyers of IT services. The marketplace design usually assumes that market functions, such as match-making, transaction settlement, and dispute resolution are performed by intermediaries in a centralized system. We propose the concept of trustless intermediation to enable new forms of decentralized service marketplaces. By leveraging blockchain-enabled smart contracts we eliminate the need for trust in marketplace intermediaries and reduce barriers of entry, lock-in, and transaction costs, by removing now obsolete trust-establishing mechanisms. Desema, our decentralized service marketplace prototype, is a first implementation of this concept that is based on the Ethereum blockchain in combination with IPFS, a peer-to-peer distributed file system. |
| Databáze: | OpenAIRE |
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