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The challenge of decentralized marketplaces

2017/03/16 by Bas van IJzendoorn, van IJzendoorn, Bas · 1 voice · 2 citations
Computer Science · #Blockchain Technology Applications and Security #Business #Computer science #Computer security #Finance #Incentive #Internet Traffic Analysis and Secure E-voting #Internet privacy #Ledger #Microeconomics #Peer-to-Peer Network Technologies #Peer-to-peer #Reputation #Reputation system #Set (abstract data type) #Trustworthiness #World Wide Web #cs.CR #cs.CY #cs.DC

paper · pdf · doi:10.48550/arxiv.1703.05713

published in arXiv (Cornell University) (Cornell University) · responsible teacher: Johan Pouwelse

arxiv created 2017/03/16 · openalex publication_date 2017/03/16 · arxiv updated 2017/03/17 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05

Abstract

Online trust systems are playing an important role in to-days world and face various challenges in building them. Billions of dollars of products and services are traded through electronic commerce, files are shared among large peer-to-peer networks and smart contracts can potentially replace paper contracts with digital contracts. These systems rely on trust mechanisms in peer-to-peer networks like reputation systems or a trustless public ledger. In most cases, reputation systems are build to determine the trustworthiness of users and to provide incentives for users to make a fair contribution to the peer-to-peer network. The main challenges are how to set up a good trust system, how to deal with security issues and how to deal with strategic users trying to cheat on the system. The Sybil attack, the most important attack on reputation systems is discussed. At last match making in two sided markets and the strategy proofness of these markets are discussed.

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