Owivri, Oghenetega Chinedu and Covenant University, Theses (2023) DEVELOPMENT OF A DECENTRALISED MODEL FOR ELECTRONIC TICKETING USING BLOCKCHAIN TECHNOLOGY. Masters thesis, Covenant University Ota.
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Abstract
Single-user electronic ticketing systems are widely utilized in several industries, such as transportation, cafeterias, cinemas, and other activities but they face challenges such as fraud, counterfeiting, and security risks. This work addresses these issues by utilizing blockchain technology, which employs cryptography, decentralized ledgers, consensus mechanisms, and smart contracts. Existing electronic ticketing solutions often function in a centralized manner or focus solely on event-based ticketing, with limited progress in the context of single-user electronic ticketing systems. The proposed model leverages blockchain technology to ensure ticketing information transparency. It incorporates asymmetric encryption techniques to protect user privacy and utilizes digital signature technology to verify ticket authenticity. The model also introduces an innovative ticket verification mechanism using ERC721 standards. To achieve decentralization, the Ethereum Virtual Machine's request for comments (ERC-721) Protocols, digital signatures, and the Interplanetary File System (IPFS) are employed as decentralized storage for ticket metadata. This research not only addresses centralization concerns but also enhances security, traceability, transparency, and trust through the application of blockchain technology and cryptographic methods. The decentralized electronic ticketing model is implemented as a consumer application, and a comprehensive empirical analysis evaluates its performance, particularly in terms of transaction completion time. The outcomes illustrate the efficiency of the suggested model. in mitigating fraud, counterfeiting, and security risks in single-user electronic ticketing systems. The decentralized approach ensures improved reliability, security, and transparency. Based on the empirical analysis, the model exhibits efficient ticket transaction completion time of 19.64 seconds, and a mean ticket verification time of 3.17 seconds, providing a practical solution for real-world implementation. In conclusion, this research presents a robust and fully decentralized electronic ticketing model that leverages blockchain technology, ERC721 standards, digital signatures, and IPFS. The findings highlight the potential of the proposed model to revolutionize single-user electronic ticketing systems, fostering security, reliability, and trust in ticketing transactions.
| Item Type: | Thesis (Masters) |
|---|---|
| Uncontrolled Keywords: | Blockchain, Cryptography, ERC721, EVM, Smart Contract, Ticketing |
| Subjects: | Q Science > QA Mathematics Q Science > QA Mathematics > QA75 Electronic computers. Computer science |
| Divisions: | Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science Faculty of Engineering, Science and Mathematics > School of Engineering Sciences |
| Depositing User: | nwokealisi |
| Date Deposited: | 18 Aug 2023 14:20 |
| Last Modified: | 18 Aug 2023 14:20 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/17280 |
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