Article,
Decentralized Blockchain-based Electronic Marketplaces
Communications of the ACM, 61 (1): 78--84 (January 2018)
DOI: 10.1145/3158333
Abstract
In a decentralized marketplace, buyers and sellers transact directly, without manipulation by intermediary platforms. Decentralization alters the paradigms of firm-controlled marketplaces by providing security, trust, privacy, lower transaction costs, and transaction integrity. Blockchain-based marketplaces improve matching, transaction facilitation, and support for institutional infrastructure. Blockchain-based e-marketplaces open new frontiers in prediction markets, financial engineering, automated reasoning systems, and, smart-contracts based systems.
