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The blockchain and the sidechain innovations for the electronic commerce beyond the Bitcoin's framework

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  • Olivier Hueber

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

This paper provides a description of the blockchain that underpins the Bitcoins. This paper provides a new mechanism to reinforce the credibility of online transactions based on blockchain technology. It then becomes possible to explore the future of the blockchain technology in other online electronic markets of goods and services. We assert that the blockchain technology, still linked with the BT, could become in the near future the keystone of many electronic markets and could considerably increase online transactions. A cryptocurrency regime based on sidechain is modelled and a public blockchain controlled by a central is proposed.

Suggested Citation

  • Olivier Hueber, 2018. "The blockchain and the sidechain innovations for the electronic commerce beyond the Bitcoin's framework," Post-Print hal-01919094, HAL.
    • Handle: RePEc:hal:journl:hal-01919094
    DOI: 10.1504/IJTIS.2018.090770
    Note: View the original document on HAL open archive server: https://hal.science/hal-01919094
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    References listed on IDEAS

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    1. Daniel Sanches, 2016. "On the Inherent Instability of Private Money," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 198-214, April.
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    Cited by:

    1. Jamal Bouoiyour & Refk Selmi & Olivier Hueber, 2019. "Low on Trust and High on Risks: Is Sidechain a Good Solution to Bitcoin Problems?," Working Papers hal-02348406, HAL.

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    More about this item

    Keywords

    memory; online market; Bitcoin; cryptocurrency; monetary regime; electronic money; blockchain; payment system; sidechain;
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