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Title: Risk assessment of e-commerce finance development based on blockchain algorithm in digital economy

Authors: Libo Zhao; Hongwei Xu; Wangyuan Xi

Addresses: School of Computer and Mathematics, Harbin Finance University, Harbin, 150000, China ' School of Computer and Mathematics, Harbin Finance University, Harbin, 150000, China ' School of Computer and Mathematics, Harbin Finance University, Harbin, 150000, China

Abstract: With the rapid development of the digital economy, the application of blockchain technology in the field of e-commerce finance is becoming increasingly widespread, but its potential risks are also increasing. This article aims to use blockchain algorithms to conduct risk assessment on the development of e-commerce finance. Firstly, build a smart contract based on Ethereum to monitor abnormal behaviour in real-time during the transaction process; Secondly, utilising the pluggable consensus mechanism of the super ledger, evaluate the efficiency and security of different consensus algorithms in processing transactions, and analyse their impact on compliance risks. The found risk components are quantitatively investigated to build a risk assessment model by using real instances and merging fuzzy comprehensive evaluation approach. The findings of the research show that the suggested approach can support pertinent judgments, clearly identify and measure any hazards in e-commerce finance, and encourage its sustainable development.

Keywords: blockchain; electronic commerce; financial risk.

DOI: 10.1504/IJICT.2024.143632

International Journal of Information and Communication Technology, 2024 Vol.25 No.12, pp.16 - 28

Received: 27 Oct 2024
Accepted: 25 Nov 2024
Published online: 02 Jan 2025 *