Abstract
The present disclosure provides a method and system for facilitating the resale of pre-owned products through a recommerce system/marketplace. Sellers post product details, which are analyzed using AI technology to assess condition and determine a fair market price based on factors like age, brand, and demand. Blockchain technology is employed to verify authenticity, track ownership transfers, and manage related details, ensuring a transparent and trustworthy marketplace. Buyers can confidently browse and select products, knowing that the descriptions and pricing are accurate. When a purchase is initiated, the transaction is securely processed through a payment platform that integrates Blockchain technology. This system enhances the efficiency, security, transparency, and inclusivity of transactions in the second-hand goods market, fostering trust, fairness, and scalability.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
GUPTA, NITIN and BHARDWAJ, SILKY, "METHOD AND SYSTEM FOR MANAGING RECOMMERCE USING AI AND BLOCKCHAIN", Technical Disclosure Commons, (September 11, 2024)
https://www.tdcommons.org/dpubs_series/7332