Digital Market using Blockchain Technology in Cloud Environment

Abstract

The majority organizations associate blockchain technology with the financial services manufacturing, it has concealed use within the manufacturing, government, healthcare, and education sectors as well. The Block chain is an unlock and dispersed ledger. The Blockchain contract between two or more parties is confirmable and everlasting documentation. The Proposed System is smart market system, in this system Producers can sell the product directly in the market under the municipal counsil supervision or through online using block chain technology in cloud environment. The planned work is to intend a decentralized cloud server. We are powerful authentication where the information regarding all the products is encrypted. Those who have registered in the system come to know the product details about selling and purchasing. A highly developed method in cryptography can be used to address the issue of confidentiality, and some system could even monitor how much contact persons have. The blockchain technology is united with cloud computing to offer the enlarged transparency and efficient market system. The proposed research work can apply merkle tree in the designed algorithm on smart contracts performance optimization and automatic repair. We acquire benefits of the scattered confirmation security of the Blockchain technology for financial transaction verification and influence smart contracts for protected service organization. In this system bitcoin, cryptocurrencies or any other money transfer mechanism is used for transaction. Without a third party dealings may get more profit for both sides. Different types of on-site circumstances are collected and checked by installing sensors that are IoT devices in different services, and on-site calculating devices are restricted slightly if required.