Introducing Multi Shippers Mechanism for Decentralized Cash on Delivery System

Abstract

One of the major problems of e-commerce globally is the selling and buying of goods among the parties over the Internet in which the traders may not trust their partners. Cash on delivery allows customers to pay in cash when the product is delivered to their home or a location they choose. This is sometimes called a payment system because customers receive goods before making a payment. This paper investigates a critical verification process issue in the cash on delivery system. In particular, we propose a multi shippers mechanism, which consists of blockchain technology, smart contracts and hyper-ledger fabric platform to achieve distributed and trustworthy verification across participants in the decentralized markets. Our proposed mechanism is given to not only ensure the benefits of the seller but also prevent shipper’s fraudulent. The solution leverages the consistency and robustness of decentralized markets where trust is flexible and effectively controlled. To demonstrate the application and implementation of the proposed framework, we conduct several case studies on real-world transaction datasets from a local computer retailer. We also provide our sources codes for further reproducibility and development. Our conclusion is that the continued integration of multi-shipper mechanism and blockchain technology in the decentralized markets will cause significant transformations across several disciplines.