2.1 Overview

BIZA-CarnegieMall is a cryptocurrency-based open market solution that utilizes blockchain technology for e-commerce, enabling users to purchase goods and services with digital assets. The platform ensures transparency by recording all transactions, including purchase histories, on a blockchain ledger. The information recorded on the ledger is securely encrypted, safeguarding the privacy and integrity of the data.

To manage the escrow process reliably, BIZA-CarnegieMall employs smart contracts that respond to the state of the blockchain, ensuring secure transactions between users. The data that needs to be stored on the blockchain is generated using 3KSoft’s AutoXML, which creates and stores data in XML (Extensible Markup Language) format.

AutoXML integrates advanced security features such as PKI (Public Key Infrastructure) authentication, XML signatures, and tag-based encryption to ensure the confidentiality and integrity of transmitted data. It adheres to W3C XML standards, offering excellent compatibility with various systems. This structure allows BIZA-CarnegieMall to easily integrate with existing EDI (Electronic Data Interchange) systems, providing the flexibility to meet various industry standards and requirements.