Decentralized blockchain-based electronic marketplaces
Abstract
In a decentralized marketplace, buyers and sellers transact directly, without manipulation by intermediary platforms.
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DLT enables coordination of economic activity through secure, transparent, decentralized electronic markets and is best known as blockchain.
“It enables the coordination of economic activity through the creation of secure, transparent, and decentralized electronic markets (Berg et al. 2019;Kollmann et al. 2019;Subramanian 2017), and is probably best known under the name of blockchain, which is a specific type of DLT (Kannengiesser et al. 2020;Sunyaev 2020).”
From Trustworthy artificial intelligence (2021) · cites this paper as Subramanian 2017
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“Decentralized marketplaces using the blockchain as a foundational block are a viable alternative to firmcontrolled marketplaces, yielding advantages from how decentralization supports marketplace functions, matching transaction support and institutional infrastructure.(1)”
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Self-citation
- Authors
- Subramanian, H.
- Affiliations
- Florida International University (US)
- Corresponding author
- Subramanian, Hemang
- ORCID
- Subramanian, Hemang
- Venue
- Communications of the ACM
- Published
- 2017-12-27
- Volume
- 61
- Issue
- 1
- Pages
- 78-84
- ISSN
- 0001-0782 (ISSN-L)
- 1557-7317
- OpenAlex
- W2778126034
- Cited by
- 264
- References
- 19
- Citations by year
- 2026: 7 · 2025: 13 · 2024: 25 · 2023: 29 · 2022: 43 · 2021: 43 · 2020: 52 · 2019: 36 · 2018: 16
- FWCI
- 53.04
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Communications of the ACM (publishedVersion)
- Topics
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology in Education and Learning
- Social Sciences › Business, Management and Accounting › Business and International Management › E-commerce and Technology Innovations
- Keywords
- decentralized marketplace, blockchain, electronic markets, peer-to-peer transactions, intermediary elimination
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