BlockChain Technology based Smart Contract Agreement on REMIX IDE
Parth Khandelwal, Rahul Johari, Varnika Gaur, Dharm Vashisth
Abstract
In the world of information security, BlockChain Technology has gained a lot of importance in the recent past as it uses hashing algorithms like MD 5 and SHA thereby enabling that the contents of the block are secure and immutable. In the current research paper effort has been made to exploit the Smart contract feature of BlockChain technology. A new state of the art Smart Contract System between the Customer, Car Dealer and Car Manufacturer has been designed, developed and deployed. This would ensure that seamless financial transactions can be executed amongst all the three parties as on the receipt of timely payment from the customer, the Car manufacturer can deliver the vehicle in a hassle free manner.