• M.Nithya
• A.H.Praveen
• C.Harshavardhan Reddy
• S.S.Sudharsan

IoT-based E-commerce is a new business model that relies on autonomous transaction management on IoT devices.The management system towards IoT-based E-commerce demands autonomy, lightweight and legitimacy.As blockchain is an innovative technology that is competent in governing the decentralized network, we adopt it to design the autonomous transaction management system on IoT E-commerce. However current blockchain solutions, most namely cryptocurrencies, have fatal drawbacks of non-supervisability and huge computational overhead, and hence cannot be directly applied on IoT-based E-commerce.In this paper, we propose a blockchain based normalized autonomous transaction settlement system for IoT-based E-commerce.The provision for the Bank sector to supervise without compromising the individual users privacy rights, can monitor and if needed oversee the transaction.IoT device in a merchant’s premises can run a block chain server to record and keep track of the transaction that is happening in the merchants business. The bank layer will have details about the transaction between the users. The users actual identity is protected by introducing a digital identity layer. The official can access the bank layer with consensus from the bank involved and oversee the transaction

Internet of Things (IoT), Blockchain, E-commerce,Python,Java

"BLOCKCHAIN BASED TRANSACTION MANAGEMENT SYSTEM", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.528-533, May 2019, Available :http://www.jetir.org/papers/JETIRCU06104.pdf

"BLOCKCHAIN BASED TRANSACTION MANAGEMENT SYSTEM", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp528-533, May 2019, Available at : http://www.jetir.org/papers/JETIRCU06104.pdf