Abstract:

The article discusses the impact of Blockchain technology on illegal or unethical business activities. The alignment of business models for entities related to the trading platform indicates the need for the diffusion of innovation and Blockchain adaptation. We use  Blockchain to identify trends, patterns, anomalies, and exceptions to given financial transactions performed. Such transactions require security, which is significant when trading cryptocurrencies. Cryptocurrency trading requires wallets to manage and conduct transactions. The paper compares commonly used protocols regarding a critical feature of the smart market. We compare cryptographic networks ensure the confidentiality of senders, recipients, amounts, and balances. The paper also compares the most popular mechanisms for achieving consensus. The trust mechanism for the smart market is based on Blockchain, which allows the trade of resources using trust assessment. This model quantifies participants' confidence scores based on several factors: previous confidence scores, feedback, and engagement. The predictive machine learning model is the basis for rapid response to suspicious transactions.