Tradeblock: Blockchain Based System for Online Classified Advertisement Industries

For decades, classified ads were limited to newspapers, which offered advertisers, small-type notices grouped under specific categories. However, owing to the growing use of mobile internet, online classified market is rapidly gaining grounds in our world. This rapid growth in the classified industry has led to an increase in the number of companies seeking to gain share in this ever-growing market and also with a direct relation to increase in online scammers and fraudulent activities and also trust relationship issues. Scammers detected on one classified ad platform replicate their bad behaviors on multiple platforms. This research presents an innovative solution known as “TradeBlock”, for online classified ad industries to solve these key issues and to improve the whole online classified ad industry using blockchain's complete immutable and decentralized technology of keeping records.