Blockchain e-Commerce Platform Proof of Concept
In June 2018, Apla created a pilot version of an e-commerce platform for Gazprom Neft for buying and selling redundant assets. The blockchain application offers a transparent trading mechanism for all users taking part in goods’ auctions and allows to quickly enter into a sales agreement by signing off transactions with cryptographic keys, the use of which reduces the possibility of fraud.
Having logged on to the platform, sellers can create new lots and see details about item status, sale conditions for lots, and information about completed sales.
When creating a lot, you need to indicate the item category, upload an image of it, enter its name and description, indicate its location on a map, enter details about the item (weight, dimensions, etc.), define the dates and type of sale (auction or straight sale), indicate the price and how the auction will be conducted.
This is how the page of a lot that is ready for sale looks like.
A buyer can go from the lot catalogue to the ongoing sales page and make a bid.
You also can quickly make a bid in the special “My bids” section.
You can track all the bids for a particular item on its lot page.
After the bidding closes, the seller is notified of the need to sign a sales agreement with the auction winner.
After the agreement is signed by the seller, the buyer is notified and can also sign the agreement.
You can see all completed agreements in the “My purchases” section.
All participants can check that sales have been completed correctly by viewing the list of transactions on the blockchain.
Blockchain Business Review from Apla provides high-quality educational material from the world of blockchain to inform the business community of the competitive advantage that can be gained by integrating distributed ledger data storage within organizations. Our mission is to promote knowledge about blockchain and its uses in both the private and public sector and demonstrate the value of blockchain integration.
