Open AccessTrading Application Based on Blockchain Technology
Author(s) -
Jovan Kanevche,
Jovan Karamachoski,
Magdalena Puncheva,
Ninoslav Marina
Publication year - 2021
Publication title -
tehnički glasnik
Language(s) - English
Resource type - Journals
eISSN - 1848-5588
pISSN - 1846-6168
DOI - 10.31803/tg-20210429130302
Subject(s) - blockchain , immutability , scalability , computer science , robustness (evolution) , proof of work system , interoperability , computer security , stateful firewall , cryptography , financial sector , hash function , business , database , world wide web , finance , biochemistry , chemistry , network packet , gene
Blockchain is a growing distributed list of records that are linked using cryptographic hashes. Its robustness, simplicity, immutability and trust are basis for development of interesting innovative business solutions. Considering some use-case scenarios within the financial sector, we developed a Blockchain based trading application placed on the Cosmos network. Cosmos is a decentralized network of independent, scalable, and interoperable Blockchains, creating the foundation for new economy. Our work describes the application functionalities for buying, selling and renting goods. It shows the easiness of trading, while eliminating the third parties and demonstrates the disruptive potential of the Blockchain technologies.