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Ethereum Blockchain based Smart Contract as a Decentralised Sharing App
ISBN
978-1-4503-4814-0
Type
conference paper
Date Issued
2016-11-07
Author(s)
Abstract
The sharing economy, the business of collectively using pri- vately owned objects and services, has fuelled some of the fastest growing businesses of the past years. However, popular sharing platforms like Airbnb or Uber exhibit several draw- backs: a cumbersome sign up procedure, lack of participant privacy, overbearing terms and conditions, and significant fees for users. We demonstrate a Decentralised App (DAPP) for the sharing of everyday objects based on a smart contract on the Ethereum blockchain. This contract enables users to register and rent devices without involvement of a Trusted Third Party (TTP), disclosure of any personal information or prior sign up to the service. With increasing distribution of cryptocurrencies the use of smart contracts such as proposed in this paper has the potential to revolutionise the sharing economy.
Language
English
HSG Profile Area
SoM - Business Innovation
Book title
IoT'16 Proceedings of the 6th International Conference on the Internet of Things
Publisher
ACM
Publisher place
New York, NY, USA
Start page
177
End page
178
Event Title
6th International Conference on the Internet of Things
Event Location
Stuttgart, Germany
Event Date
07.-09.11.2016
Official URL
Subject(s)
Division(s)
Eprints ID
252568