Platform Architecture
The dMarketplace platform architecture is meticulously engineered to ensure modularity, scalability, and security. It harmoniously integrates blockchain technology for immutable transaction management
Last updated
The dMarketplace platform architecture is meticulously engineered to ensure modularity, scalability, and security. It harmoniously integrates blockchain technology for immutable transaction management
Last updated
Blockchain Layer: dMarketplace leverages the Ethereum blockchain, adhering to the ERC-20 standard for its native cryptocurrency, dMarketplace Token ($DMP). This integration ensures that all transactions are immutably recorded on-chain, providing unparalleled transparency and security.
Smart Contract Automation: Smart contracts are the backbone of dMarketplace, automating critical operations such as payment processing, order validation, and dispute resolution. Each user interaction—be it purchasing goods, confirming receipt, or initiating a dispute—triggers corresponding smart contract executions, enforcing the predetermined terms autonomously.
Interoperability: The platform is designed to be interoperable with multiple blockchain networks, allowing for cross-chain transactions and expanding the versatility of $DMP across various decentralized ecosystems.
AI Algorithms: dMarketplace incorporates advanced machine learning algorithms to handle disputes between merchants and customers. These algorithms analyze transaction data, user-provided evidence (e.g., images of defective products), and blockchain records to determine the legitimacy of claims.
Dispute Workflow:
Initiation: A dispute is initiated when a customer reports an issue with a transaction.
Data Aggregation: The AI system aggregates relevant data from the blockchain and user submissions.
Analysis: Machine learning models evaluate the evidence, identifying patterns indicative of fraud or legitimate grievances.
Resolution: Based on the analysis, the AI system either approves the claim (triggering a refund and penalizing the merchant) or rejects it (releasing funds to the merchant).
Merchant Monitoring: Continuous monitoring of merchant activities allows the AI to detect anomalous behaviors, flagging potential fraudulent activities and enforcing penalties via smart contracts.
Data Integrity: All transactional and user data are encrypted using SHA-256 hashing algorithms, ensuring data integrity and preventing unauthorized alterations. Encryption keys are securely stored on-chain, making data tampering virtually impossible without detection.
Transaction Validation:
Smart Contract Validation: Each transaction undergoes rigorous validation through smart contracts, ensuring compliance with platform rules.
User Authentication: Transactions are authenticated through cryptographic signatures, verifying the identity of users.
Fraud Detection: AI systems analyze transaction patterns in real-time to identify and mitigate fraudulent activities.reret
Security Protocols:
Decentralized Storage: Data is stored across a decentralized network, eliminating single points of failure.
Multi-Factor Authentication (MFA): Users are required to engage in MFA to access their accounts, enhancing security.
Regular Audits: Smart contracts and platform infrastructure undergo regular security audits to identify and rectify vulnerabilities.
