IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2502.09095.html
   My bibliography  Save this paper

Blockchain-based Ecommerce It's an Evolution NOT a Revolution-Experimental Evidence from Users' Perspective

Author

Listed:
  • David Lee Kuo Chuen
  • Yang Li
  • Weibiao Xu
  • Willy Zhao

Abstract

Proponents of blockchains believe that this technology will revolutionize e-commerce. To evaluate this belief, we invite several groups of students to transact on a decentralized peer-to-peer marketplace built on the platform provided by Origin Protocol Inc., and then we conduct a survey about their experience of usage. Based on our survey results, we find that 33% of respondents play tricks on others, which implies that this undesirable result may hinder the widespread adoption of blockchain technologies. We also attempt to propose a conceptual mechanism to mitigate fraudulent behaviors. In the event of disputation, a trusted authority is entitled to the right to downgrade the fraudulent side's credit record, which is stored by a permissioned blockchain accessed only by the authority. Such a punishment can effectively decrease agents' incentives to sell counterfeits and leave fake ratings. In sum, we must distinguish what we proposed blockchains will do and what blockchains can do before enabling this technology in e-commerce.

Suggested Citation

  • David Lee Kuo Chuen & Yang Li & Weibiao Xu & Willy Zhao, 2025. "Blockchain-based Ecommerce It's an Evolution NOT a Revolution-Experimental Evidence from Users' Perspective," Papers 2502.09095, arXiv.org.
  • Handle: RePEc:arx:papers:2502.09095
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2502.09095
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Wei, Yian & Cheng, Yao & Liao, Haitao, 2024. "Optimal resilience-based restoration of a system subject to recurrent dependent hazards," Reliability Engineering and System Safety, Elsevier, vol. 247(C).
    2. Cheng, Yao & Wei, Yian & Liao, Haitao, 2022. "Optimal sampling-based sequential inspection and maintenance plans for a heterogeneous product with competing failure modes," Reliability Engineering and System Safety, Elsevier, vol. 218(PB).
    3. repec:eme:mfppss:mf-09-2018-0423 is not listed on IDEAS
    4. Cheng, Yao & Elsayed, Elsayed A., 2018. "Reliability modeling and optimization of operational use of one-shot units," Reliability Engineering and System Safety, Elsevier, vol. 176(C), pages 27-36.
    5. Cheng, Yao & Liao, Haitao & Huang, Zhiyi, 2021. "Optimal degradation-based hybrid double-stage acceptance sampling plan for a heterogeneous product," Reliability Engineering and System Safety, Elsevier, vol. 210(C).
    6. Marten Risius & Kai Spohrer, 2017. "A Blockchain Research Framework," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 59(6), pages 385-409, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee, Kuo Chuen & Li, Yang & Xu, Weibiao & Zhao, Willy, 2025. "Blockchain-based E-commerce: It’s an Evolution, NOT a Revolution -- Experimental Evidence from Users’ Perspective," MPRA Paper 123654, University Library of Munich, Germany.
    2. Zhu, Xiaojun & Balakrishnan, N., 2022. "One-shot device test data analysis using non-parametric and semi-parametric inferential methods and applications," Reliability Engineering and System Safety, Elsevier, vol. 221(C).
    3. Plinio Limata, 2020. "Blockchain and Institutions (I): trust and (de)centralization," CERBE Working Papers wpC35, CERBE Center for Relationship Banking and Economics.
    4. Büttgen, Marion & al.,, 2021. "Blockchain in Service Management and Service Research - Developing a Research Agenda and Managerial Implications," SMR - Journal of Service Management Research, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 5(2), pages 71-102.
    5. Teck Ming Tan & Saila Saraniemi, 2023. "Trust in blockchain-enabled exchanges: Future directions in blockchain marketing," Journal of the Academy of Marketing Science, Springer, vol. 51(4), pages 914-939, July.
    6. Erhan Baran & Tulay Korkusuz Polat, 2022. "Classification of Industry 4.0 for Total Quality Management: A Review," Sustainability, MDPI, vol. 14(6), pages 1-20, March.
    7. Ingrid Bauer & Liudmila Zavolokina & Gerhard Schwabe, 2020. "Is there a market for trusted car data?," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(2), pages 211-225, June.
    8. Panos Constantinides & Ola Henfridsson & Geoffrey G. Parker, 2018. "Introduction—Platforms and Infrastructures in the Digital Age," Information Systems Research, INFORMS, vol. 29(2), pages 381-400, June.
    9. Safaei, Fatemeh & Taghipour, Sharareh, 2024. "Integrated degradation-based burn-in and maintenance model for heterogeneous and highly reliable items," Reliability Engineering and System Safety, Elsevier, vol. 244(C).
    10. Tandon, Anushree & Kaur, Puneet & Mäntymäki, Matti & Dhir, Amandeep, 2021. "Blockchain applications in management: A bibliometric analysis and literature review," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    11. Dorfleitner, Gregor & Muck, Franziska & Scheckenbach, Isabel, 2021. "Blockchain applications for climate protection: A global empirical investigation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    12. Sun, Yi & Jiang, Shiqing & Jia, Wanjiao & Wang, Yu, 2022. "Blockchain as a cutting-edge technology impacting business: A systematic literature review perspective," Telecommunications Policy, Elsevier, vol. 46(10).
    13. Kühn, Oliver & Jacob, Axel & Schüller, Michael, 2019. "Blockchain adoption at German logistics service providers," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Artificial Intelligence and Digital Transformation in Supply Chain Management: Innovative Approaches for Supply Chains. Proceedings of the Hamburg Int, volume 27, pages 387-411, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    14. Nadine Kathrin Ostern, 2020. "Blockchain in the IS research discipline: a discussion of terminology and concepts," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(2), pages 195-210, June.
    15. Pascal Meier & Jan Heinrich Beinke & Christian Fitte & Jan Schulte to Brinke & Frank Teuteberg, 2021. "Generating design knowledge for blockchain-based access control to personal health records," Information Systems and e-Business Management, Springer, vol. 19(1), pages 13-41, March.
    16. David Teh & Tehmina Khan & Brian Corbitt & Chin Eang Ong, 2020. "Sustainability strategy and blockchain-enabled life cycle assessment: a focus on materials industry," Environment Systems and Decisions, Springer, vol. 40(4), pages 605-622, December.
    17. Assen Slim, 2021. "Will the BRICS Be the Leaders in Central Bank Digital Currencies?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-16.
    18. Hu Linyuan & Ding Jinzhi & Yang Xiying, 2021. "Blockchain or Not? Optimal Decisions for Food Retailers Considering Consumer Expertise," Journal of Systems Science and Information, De Gruyter, vol. 9(3), pages 321-334, June.
    19. Tseng, Fang-Mei & Palma Gil, Eunice Ina N. & Lu, Louis Y.Y., 2021. "Developmental trajectories of blockchain research and its major subfields," Technology in Society, Elsevier, vol. 66(C).
    20. Yildizbasi, Abdullah, 2021. "Blockchain and renewable energy: Integration challenges in circular economy era," Renewable Energy, Elsevier, vol. 176(C), pages 183-197.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2502.09095. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.