Blockchain Based Decentralized Application
Blockchain Based Decentralized Application
Abstract:- This research article provides an overview of contracts, blockchain enhances trust, reduces transaction
business applications (DApps) in the context of costs, and improves overall efficiency within supply chains
blockchain innovation. It includes the definition, [10].
structure and classification of DApps, highlighting their
focus and challenges. It also examines the importance of However, despite the burgeoning interest in
distribution, security, user participation, flexibility, blockchain's applications, the field lacks a comprehensive
collaboration, and governance in DApp development. understanding of its capabilities and limitations [9].
The article also examines smart contracts, protocols, Definitions and classifications of blockchain-based
APIs, and independent independent organizations decentralized applications (DApps) remain ambiguous,
(DAOs) when implementing DApps. Overall, it impeding further research and development efforts [9]. To
highlights the importance of blockchain innovation in address this gap, systematic reviews of blockchain
this field, offering some information and advice to technology are crucial for providing clarity and insights into
designers and partners interested in creating DApps. its multifaceted nature [9].
Keywords:- Decentralized Application (DApp), Graphic In light of these considerations, this paper aims to
user Interface, Inter Planetary File System, Smart Contract, explore the current landscape of blockchain technology,
Ethereum. with a specific focus on its application in the supply chain
domain. By conducting a systematic literature review, we
I. INTRODUCTION seek to address fundamental research questions and identify
key areas where blockchain can provide the most value [10].
In 2008, an enigmatic figure known as Satoshi Our investigation will encompass topics such as traceability,
Nakamoto introduced Bitcoin, a groundbreaking transparency, trade behavior, data security, and access
cryptocurrency, along with its underlying technology, control within supply chains, shedding light on the pressing
blockchain [10]. Originally devised as a decentralized ledger needs and potential benefits of blockchain integration [10].
for Bitcoin transactions, blockchain revolutionized digital
currency by eliminating the need for a central authority to To achieve this goal, we will first provide an overview
prevent double spending [8]. This innovation laid the of blockchain technology, its origins, key features, and
groundwork for a new era of peer-to-peer (P2P) networks, structural components [10]. Next, we will elucidate our
empowering individuals to timestamp transactions securely research methodology for conducting the systematic
through a consensus algorithm called Proof of Work (PoW) literature review and gathering relevant materials [10].
[8]. Subsequently, we will delve into blockchain's applications
in the supply chain, examining existing studies and
The advent of blockchain technology not only identifying emerging trends [10]. Finally, we will offer a
reshaped digital finance but also sparked widespread interest comprehensive discussion and conclusion based on our
across diverse sectors [10]. Over the years, blockchain findings, highlighting implications for future research and
evolved from its early iterations (dubbed "blockchain 1.0") industry practices [10].
focused on cryptocurrencies to more sophisticated versions,
culminating in "blockchain 3.0" characterized by its Problem Statement & Objective
application in various fields such as finance, government The world is witnessing a growing need for secure,
affairs, and supply chain management [10]. This progression transparent, and efficient systems to manage various aspects
underscores the technology's adaptability and transformative of business and daily life. Centralized systems have
potential. traditionally been the norm, but they often suffer from issues
related to data security, trust, and control. As a solution,
One area where blockchain has shown particular decentralized applications (DApps) built on blockchain
promise is the supply chain industry [10]. As globalization technology have gained prominence. However, there are
intensifies and market demands grow more complex, several challenges and problems to address in the
traditional supply chains face escalating challenges related development and implementation of blockchain-based
to information sharing, coordination, and security [10]. DApps.
Blockchain's distributed ledger architecture offers a
compelling solution by providing a tamper-resistant,
transparent platform for recording and verifying transactions
[10]. By leveraging cryptographic techniques and smart
User Experience: How DeFi protocols and apps can use IPFS:
DApps must be user-friendly to attract a broader user In the Pinata Cloud article "How DeFi protocols and
base. Ensuring an intuitive user interface and a smooth apps can use IPFS", the author discusses the integration of
onboarding process is vital to encourage adoption and IPFS (InterPlanetary File System) in decentralized finance
continued usage. (DeFi) protocols and applications. The article highlights the
benefits of using IPFS, including scalability, data integrity,
II. LITERATURE SURVEY and decentralization. It also provides best practices for
integrating IPFS in DeFi applications, emphasizing the need
We studied various papers based on the Blockchain for user-friendly and secure solutions.[5]
based Decentralized Application, following are the papers
which helped us in getting necessary insights for developing A Federated Blockchain Architecture for File Storage
our project. with Improved Scalability:
In the journal article "A Federated Blockchain
Blockchain-based Smart Contracts for DApps: Architecture for File Storage with Improved Scalability", the
In the book "Mastering Blockchain: Unlocking the Biz authors propose a federated blockchain architecture for file
and Tech of the Next Internet" by Imran Bashir, the author storage with improved scalability. The article discusses the
delves into the integration of blockchain technology and challenges of traditional blockchain-based file storage
smart contracts in DApps. The book introduces blockchain systems, including scalability and data availability. It
and smart contracts, highlights the benefits of DApps, and proposes a federated blockchain architecture that addresses
discusses challenges and best practices. It envisions future these challenges, emphasizing the need for scalable and
opportunities for blockchain-based smart contracts, secure file storage solutions in the decentralized
emphasizing their transformative potential in advancing landscape.[6]
decentralized applications.[1]
Everything You Need for Development of Decentralized
Decentralized Applications: A Comprehensive Review : Applications Using Ethereum:
In the book "Solidity Programming: Building In the journal article "Everything You Need for
Blockchain Applications with Ethereum" by Elad Elrom, the Development of Decentralized Applications Using
author provides a comprehensive analysis of decentralized Ethereum", the authors provide a comprehensive guide for
applications (DApps). It covers their definition, developing decentralized applications (DApps) using the
classification, technical architecture, real-world use cases, Ethereum blockchain. The article covers the technical
challenges, and future prospects. The book underscores the aspects of DApps, including smart contracts, web3.js, and
transformative potential of DApps in revolutionizing various IPFS. It also provides best practices for developing DApps,
industries and fostering innovation while acknowledging the emphasizing the need for user-friendly and secure
hurdles they face, such as scalability and regulatory solutions.[7]
concerns. Overall, it offers a comprehensive overview of
DApps and their impact on the decentralized landscape.[2]
Testing Methodology:
This section outlines the testing approach adopted to
ensure the reliability, security, and performance of the
DApp. It encompasses various testing methodologies,
including unit tests for smart contracts, integration tests for
system components, and end-to-end tests for user
workflows. Testing frameworks such as Truffle or Jest are
utilized to automate testing processes and streamline quality
assurance efforts, ensuring the robustness and stability of the Fig 1 System Architecture
DApp.
IV. WORKING
Security Considerations:
This section addresses potential security threats and A decentralized e-commerce app operates on a
vulnerabilities inherent in blockchain-based applications, distributed network, where transactions and data are
emphasizing the importance of implementing robust security recorded on a decentralized ledger, such as a blockchain.
measures to mitigate risks effectively. It discusses common This ensures transparency, security, and trust among all
security threats such as smart contract vulnerabilities, parties involved. By utilizing blockchain technologies like
unauthorized access to user data, and potential attack Ethereum, which supports smart contracts, the app can
vectors. Measures such as code audits, secure coding facilitate automated and trustless transactions.
practices, and encryption techniques are employed to
safeguard user assets and data integrity. In this app, users can sell and buy products through a
web interface that interacts with smart contracts on the
Ethical Considerations: blockchain. IPFS (InterPlanetary File System) can be used
This section highlights ethical considerations to host the site and product images, ensuring a truly
pertaining to user privacy, data ownership, and fair-trade decentralized platform. An escrow system can be
practices within the decentralized shopping ecosystem. It implemented to hold funds until all parties agree on the
discusses measures taken to uphold ethical standards, such release or refund of funds, adding an extra layer of
as transparent governance mechanisms, community-driven security and trust.
moderation policies, and adherence to principles of fairness
and inclusivity. Considerations for promoting a safe, To enhance the user experience, the app can include
trustworthy, and inclusive marketplace environment are features like filtering products based on category and
paramount, fostering user trust and confidence in the DApp sold/unsold status, and updating the page in real-time as
platform. different transactions occur. Additionally, writing unit
tests for the contract functionality can be beneficial for
IPFS-based Storage: ensuring the app's reliability and security.
IPFS (Inter Planetary File System) offers a
decentralized storage solution with numerous benefits over Decentralized e-commerce apps have the potential to
traditional cloud storage methods. It distributes data across a revolutionize the e-commerce industry by providing a
network of nodes, ensuring data availability and reducing trustworthy and secure platform for online transactions,
the risk of data loss. With a content-addressing system, IPFS while also reducing the need for intermediaries and
provides scalability, data integrity, and eliminates costly centralized authorities. By leveraging the power of
configurations. It also allows users to rent unused storage blockchain technology, these apps can provide a more
space, offering a cost-effective solution for data storage. transparent, secure, and efficient way of conducting e-
Migrating data is straightforward and less costly due to its commerce.
distributed nature. Therefore, IPFS-based storage is an
efficient, cost –effective, and scalable solution for
decentralized storage, making it appealing for various
industries.
V. RESULT
Here are the outcomes attained post the development of the decentralized shopping application. The findings display the user
interface which has a public market place and the user NFT wallet, where you can buy NFTs from market place and you will have
it on your wallet.
Fig 2 Home-Page
VII. CONCLUSION
REFERENCES