Implementation of Dropshipping Using Blockchain

Shalom M.; Shravan A; Shravya H.S.; Ranjana S.; Arjun U.

Implementation of Dropshipping Using Blockchain

Shalom M., Shravan A, Shravya H.S., Ranjana S., Arjun U. | International Journal of Distributed Computing and Technology | Vol 10, Issue 01 | pp. 29-34 | ISSN: 2455-7307

Abstract

This research introduces a novel approach to dropshipping via integration of blockchain technology and smart contracts. Dropshipping is a business model where retailers avoid stocking products by directly fulfilling orders from wholesalers, and face challenges related to inventory management, understocking, overstocking, and financial risks attached. This also focuses on issues related to tampering of data and mishandling of products during the exit transits. Our study addresses these challenges by leveraging blockchain's capabilities for product authenticity verification, real-time updates, and secure transactions. Smart contracts are powered by Ethereum's decentralized blockchain. This plays an important role in automating agreements between retailers and wholesalers. These contracts that are developed between retailer and wholesaler help to manage product allocation, duration of stock availability, pricing agreements, order fulfillment, and also can prevent tampering of data, thereby easing the operations and reducing financial risks associated with inventory management and retail risks. Furthermore, the use of cryptographic payments and digital wallets like MetaMask and many more ensures transaction security and protects user identities during payment processing. It is always better than unified payments interface (UPI) and card-related transactions, which reveal your personal info. This strategy not only improves security but also fosters trust among stakeholders. Our findings indicate that implementing blockchain and smart contracts in the field of dropshipping can significantly improve operational efficiency. It can also reduce losses due to improper stocking and lower the hurdles for aspiring entrepreneurs and small-scale retailers by enabling businesses to start with minimal investment in inventory.

Keywords: Blockchain, dropshipping, smart contracts, Ethereum, solidity

Keywords

Blockchain, Ethereum, Dropshipping, Smart Contracts, Solidity

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References

Xu M, Chen X, Kou G. A systematic review of blockchain. Financial Innov. 2019; 5: Article 27.
Sachan RK, Agarwal R, Shukla SK. Identifying malicious accounts in blockchains using domain names and associated temporal properties. Blockchain Res Appl. 2023; 4 (3): 100136.
Yu C, Yang C, Che Z, Zhu L. Robust clustering of Ethereum transactions using time leakage from fixed nodes. Blockchain Res Appl. 2023; 4 (3): 100112.
Lei J, Xue M. Drop-shipping or batch ordering: contract choice in the presence of information sharing and quality decision. J Manage Sci Eng. 2022; 7 (2): 287–302.
Sarfaraz A, Chakrabortty RK, Essam DL. The implications of blockchain-coordinated information sharing within a supply chain: a simulation study. Blockchain Res Appl. 2023; 4 (1): 100110.
Akshatha PS, Dilip Kumar SM. MQTT and blockchain sharding: an approach to user-controlled data access with improved security and efficiency. Blockchain Res Appl. 2023; 4 (4): 100158.
El Koshiry A, Eliwa E, El-Hafeez TA, Shams MY. Unlocking the power of blockchain in education: an overview of innovations and outcomes. Blockchain Res Appl. 2023; 4 (4): 100165.
Howell A, Saber T, Bendechache M. Measuring node decentralization in blockchain peer to peer networks. Blockchain Res Appl. 2023; 4 (1): 100109.
Ezawa Y, Kakei S, Shiraishi Y, Mohri M, Morii M. Blockchain-based cross-domain authorization system for user-centric resource sharing. Blockchain Res Appl. 2023; 4 (2): 100126.
Lee SA, Milunovich G. Digital exchange attributes and the risk of closure. Blockchain Res Appl. 2023; 4 (2): 100131.

How to cite this article

APA

M., S., A, S., H.S., S., S., R., & U., A. (2024). Implementation of Dropshipping Using Blockchain. International Journal of Distributed Computing and Technology, 10(01), 29-34.

MLA

M., Shalom, et al. “Implementation of Dropshipping Using Blockchain.” International Journal of Distributed Computing and Technology, vol. 10, no. 01, 2024, pp. 29-34.

Chicago

Shalom M., Shravan A, Shravya H.S., Ranjana S., and Arjun U.. “Implementation of Dropshipping Using Blockchain.” International Journal of Distributed Computing and Technology 10, no. 01 (2024): 29-34.

Vancouver

M. S, A S, H.S. S, S. R, U. A. Implementation of Dropshipping Using Blockchain. International Journal of Distributed Computing and Technology. 2024;10(01):29-34.

BibTeX

@article{MS2024,
author = {Shalom M. and Shravan A and Shravya H.S. and Ranjana S. and Arjun U.},
title = {Implementation of Dropshipping Using Blockchain},
journal = {International Journal of Distributed Computing and Technology},
year = {2024},
volume = {10},
number = {01},
pages = {29--34},
issn = {2455-7307},
url = {https://journalspub.com/publication/uncategorized/article=6700}
}

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Shalom M., Shravan A, Shravya H.S., Ranjana S., Arjun U. | International Journal of Distributed Computing and Technology | Vol 10, Issue 01 | pp. 29-34 | ISSN: 2455-7307

Abstract

Keywords: Blockchain, dropshipping, smart contracts, Ethereum, solidity

Keywords

Blockchain, Ethereum, Dropshipping, Smart Contracts, Solidity

🔒 This is a subscription article

Full text is available to subscribers and institutional members. Please choose an option below to access it.

Subscribe Purchase this article Institutional / Login access

References

Xu M, Chen X, Kou G. A systematic review of blockchain. Financial Innov. 2019; 5: Article 27.
Sachan RK, Agarwal R, Shukla SK. Identifying malicious accounts in blockchains using domain names and associated temporal properties. Blockchain Res Appl. 2023; 4 (3): 100136.
Yu C, Yang C, Che Z, Zhu L. Robust clustering of Ethereum transactions using time leakage from fixed nodes. Blockchain Res Appl. 2023; 4 (3): 100112.
Lei J, Xue M. Drop-shipping or batch ordering: contract choice in the presence of information sharing and quality decision. J Manage Sci Eng. 2022; 7 (2): 287–302.
Sarfaraz A, Chakrabortty RK, Essam DL. The implications of blockchain-coordinated information sharing within a supply chain: a simulation study. Blockchain Res Appl. 2023; 4 (1): 100110.
Akshatha PS, Dilip Kumar SM. MQTT and blockchain sharding: an approach to user-controlled data access with improved security and efficiency. Blockchain Res Appl. 2023; 4 (4): 100158.
El Koshiry A, Eliwa E, El-Hafeez TA, Shams MY. Unlocking the power of blockchain in education: an overview of innovations and outcomes. Blockchain Res Appl. 2023; 4 (4): 100165.
Howell A, Saber T, Bendechache M. Measuring node decentralization in blockchain peer to peer networks. Blockchain Res Appl. 2023; 4 (1): 100109.
Ezawa Y, Kakei S, Shiraishi Y, Mohri M, Morii M. Blockchain-based cross-domain authorization system for user-centric resource sharing. Blockchain Res Appl. 2023; 4 (2): 100126.
Lee SA, Milunovich G. Digital exchange attributes and the risk of closure. Blockchain Res Appl. 2023; 4 (2): 100131.

How to cite this article

APA

M., S., A, S., H.S., S., S., R., & U., A. (2024). Implementation of Dropshipping Using Blockchain. International Journal of Distributed Computing and Technology, 10(01), 29-34.

MLA

M., Shalom, et al. “Implementation of Dropshipping Using Blockchain.” International Journal of Distributed Computing and Technology, vol. 10, no. 01, 2024, pp. 29-34.

Chicago

Vancouver

M. S, A S, H.S. S, S. R, U. A. Implementation of Dropshipping Using Blockchain. International Journal of Distributed Computing and Technology. 2024;10(01):29-34.

BibTeX

@article{MS2024,
author = {Shalom M. and Shravan A and Shravya H.S. and Ranjana S. and Arjun U.},
title = {Implementation of Dropshipping Using Blockchain},
journal = {International Journal of Distributed Computing and Technology},
year = {2024},
volume = {10},
number = {01},
pages = {29--34},
issn = {2455-7307},
url = {https://journalspub.com/publication/uncategorized/article=6700}
}

Shalom M., Shravan A, Shravya H.S., Ranjana S., Arjun U. | International Journal of Distributed Computing and Technology | Vol 10, Issue 01 | pp. 29-34 | ISSN: 2455-7307

Abstract

Keywords: Blockchain, dropshipping, smart contracts, Ethereum, solidity

Keywords

Blockchain, Ethereum, Dropshipping, Smart Contracts, Solidity

🔒 This is a subscription article

Full text is available to subscribers and institutional members. Please choose an option below to access it.

Subscribe Purchase this article Institutional / Login access

References

Xu M, Chen X, Kou G. A systematic review of blockchain. Financial Innov. 2019; 5: Article 27.
Sachan RK, Agarwal R, Shukla SK. Identifying malicious accounts in blockchains using domain names and associated temporal properties. Blockchain Res Appl. 2023; 4 (3): 100136.
Yu C, Yang C, Che Z, Zhu L. Robust clustering of Ethereum transactions using time leakage from fixed nodes. Blockchain Res Appl. 2023; 4 (3): 100112.
Lei J, Xue M. Drop-shipping or batch ordering: contract choice in the presence of information sharing and quality decision. J Manage Sci Eng. 2022; 7 (2): 287–302.
Sarfaraz A, Chakrabortty RK, Essam DL. The implications of blockchain-coordinated information sharing within a supply chain: a simulation study. Blockchain Res Appl. 2023; 4 (1): 100110.
Akshatha PS, Dilip Kumar SM. MQTT and blockchain sharding: an approach to user-controlled data access with improved security and efficiency. Blockchain Res Appl. 2023; 4 (4): 100158.
El Koshiry A, Eliwa E, El-Hafeez TA, Shams MY. Unlocking the power of blockchain in education: an overview of innovations and outcomes. Blockchain Res Appl. 2023; 4 (4): 100165.
Howell A, Saber T, Bendechache M. Measuring node decentralization in blockchain peer to peer networks. Blockchain Res Appl. 2023; 4 (1): 100109.
Ezawa Y, Kakei S, Shiraishi Y, Mohri M, Morii M. Blockchain-based cross-domain authorization system for user-centric resource sharing. Blockchain Res Appl. 2023; 4 (2): 100126.
Lee SA, Milunovich G. Digital exchange attributes and the risk of closure. Blockchain Res Appl. 2023; 4 (2): 100131.

How to cite this article

APA

M., S., A, S., H.S., S., S., R., & U., A. (2024). Implementation of Dropshipping Using Blockchain. International Journal of Distributed Computing and Technology, 10(01), 29-34.

MLA

M., Shalom, et al. “Implementation of Dropshipping Using Blockchain.” International Journal of Distributed Computing and Technology, vol. 10, no. 01, 2024, pp. 29-34.

Chicago

Vancouver

M. S, A S, H.S. S, S. R, U. A. Implementation of Dropshipping Using Blockchain. International Journal of Distributed Computing and Technology. 2024;10(01):29-34.

BibTeX

@article{MS2024,
author = {Shalom M. and Shravan A and Shravya H.S. and Ranjana S. and Arjun U.},
title = {Implementation of Dropshipping Using Blockchain},
journal = {International Journal of Distributed Computing and Technology},
year = {2024},
volume = {10},
number = {01},
pages = {29--34},
issn = {2455-7307},
url = {https://journalspub.com/publication/uncategorized/article=6700}
}

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