Analysis of the blockchain for adoption in electronic commerce management in Ecuador

Segundo Moisés Toapanta Toapanta, Daniela Monserrate Moreira Gamboa, Luis Enrique Mafla Gallegos

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

The document describes the advancement of technology in commercial negotiations and functionality for various electronic transactions in Ecuador, with the aim of analyzing the blockchain and its adoption in managing e-commerce. The quantitative approach with a deductive and descriptive method has been used to identify the benefits in transactional activities and data security, both customers and businesses. The results indicated that it is effective use of cryptography, the algorithm EDCSA, together with the SHA algorithm to maintain greater security efforts. It was concluded that the use of these algorithms are effective for transactions of buying and selling and financial aspects, but it needs to maintain a permanent control and simulation processes to avoid flaws in procedures.

Original languageEnglish
Pages (from-to)762-768
Number of pages7
JournalAdvances in Science, Technology and Engineering Systems
Volume5
Issue number2
DOIs
StatePublished - Apr 2020

Bibliographical note

Publisher Copyright:
© 2020 ASTES Publishers. All rights reserved.

Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.

Keywords

  • Blockchain
  • Cryptographic techniques
  • E-commerce
  • Security information
  • Transactions

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