Design and Implementation of Web3-Based E-Commerce Cryptocurrency Payment System

Abstract

With the rapid development of blockchain technology, it is expected to be combined with Web3.0, leading to increased global interest in a new internet system based on blockchain. As the e-commerce market has grown rapidly, the popularity of cryptocurrency and the opportunities for e-commerce utilizing them are also increasing. However, there’s limited direction on integrating cryptocurrencies into e-commerce, with few studies addressing Web3-based e-commerce includes them. Therefore, this paper proposes a Web3-based e-commerce cryptocurrency payment system. We designed and implemented a DApp that can create packs to sell online and offline contents and transact securely through an escrow account implemented through a smart contract. By presenting a Web3-based e-commerce cryptocurrency payment system, it is expected to promote the revitalization and growth of the e-commerce market and create new business opportunities as it can be used in various industries.