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Development of a Secure Blockchain-Based B2B Commodity Trading Platform
  1. case
  2. Development of a Secure Blockchain-Based B2B Commodity Trading Platform

Development of a Secure Blockchain-Based B2B Commodity Trading Platform

unicrew.com
Supply Chain

Business Challenges in Secure and Transparent Commodity Trading

The client faces challenges in maintaining secure, transparent, and efficient trading operations. There is a need to develop a platform that consolidates negotiations, communication, and contract signing, while ensuring confidentiality and reducing risks of fraud. The client also requires a resilient infrastructure that supports dynamic business process improvements and strict security policies.

About the Client

A mid-sized commodities trading firm seeking to modernize its trading processes with integrated blockchain smart contracts, secure communication channels, and a scalable marketplace platform.

Goals for a Secure and Efficient Commodity Trading Platform

  • Implement a comprehensive marketplace for B2B commodities trading with integrated communication features.
  • Ensure all negotiation, communication, and contract signing activities occur exclusively within the platform to enhance security and minimize fraud risk.
  • Develop a blockchain-based smart contract system for transparent, tamper-proof signing of agreements.
  • Create a flexible architecture that supports continuous process updates and feature toggling without significant downtime.
  • Build a microservices-based system architecture for scalability, independent deployment, and maintenance.
  • Enhance data exchange performance through the use of peer-to-peer protocols such as IPFS.

Core Functionalities and Features of the Trading Platform

  • A B2B marketplace interface for listing, browsing, and trading commodities.
  • Integrated communication system including internal chat, email, voice calls, and app notifications, with rules managed by administrators.
  • Blockchain smart contract module for signing, storing, and verifying contracts on a decentralized ledger.
  • Microservices architecture to support independent deployment, scaling, and feature toggling.
  • APIs for third-party integrations such as messaging platforms and email services.
  • Use of peer-to-peer protocols (e.g., IPFS) for high-bandwidth, resilient data exchange.
  • Role-based access control with configurable user roles and flow-specific user journeys.

Preferred Technologies and Architectural Approach

Microservices architecture, built with Node.js
Blockchain technology (Ethereum or similar) for smart contract implementation
Peer-to-peer data protocols like IPFS for fast data exchange
RESTful APIs for system integrations
Secure user authentication and authorization mechanisms
Scalable cloud infrastructure supporting deployment and updates

Essential External System Integrations

  • Messaging platforms (WhatsApp, internal chat systems)
  • Email services for notifications and communication
  • Blockchain networks for contract signing and verification
  • Third-party services for user authentication and data storage

Critical Non-Functional System Attributes

  • High security measures to prevent fraud and unauthorized access
  • Scalability to support increasing transaction volume and user base
  • Performance benchmarks ensuring data exchange and contract signing are efficient and reliable
  • Resilience with high availability and fault tolerance
  • Flexible feature toggling to enable/disable features without system downtime

Projected Business Benefits and Outcomes

The platform aims to streamline commodity trading processes, improve security, and foster trust among stakeholders. It is expected to enable increased transaction volume, reduce fraud risks, and facilitate agile process improvements. The system's scalable architecture will support long-term growth, while integrated communication and blockchain features will enhance transparency and operational efficiency.

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