Design and Application of e-Commerce Platform System Based on Blockchain Technology on the Internet of Things

Focusing on the problems of platform monopoly, power rent-seeking and high cost in the current Internet e-commerce platform system, a new method and paradigm of e-commerce platform is introduced in this paper based on the blockchain, smart contract technology, tokenomics thought, and e-commerce professional theory. The interconnection of e-commerce information value chain can be realized by means of blockchain related technology and the construction of circulation system, payment system, and credit system in the core module of e-commerce platform. From the perspective of users of e-commerce platform, the optimizing of the application process and operation structure of e-commerce operation can significantly improve users’ service experience, avoid information disclosure risk, and reduce process redundancy as well. The prominent advantages of this e-commerce platform include data security, data sharing, shopping cost reduction, monopoly elimination, community construction, and commercial form innovation. The e-commerce function was originally defined as building an e-commerce platform, optimizing and promoting various search products, maintaining, refactoring and extending the e-commerce platform, and developing and monetizing online products. It has 6 operating modes: direct sales model, yellow pages model, coupon model, brokerage model, reservation model, and market model.