| dc.description.abstract | This study observes the problem of counterfeit goods faced by many industries in the market for a long time. One type of goods is very stable in value due to the particularity of the goods, and even rises in value over time, but it is not easy to identify the authenticity and it is also facing the problem of flooding with fake goods. The concept of this kind of goods is similar to the definition of the term ＂Giffen Good＂ in economics, so it is defined as ＂Giffen-Like Good＂.
This research observes the gaps faced by the Giffen financial market and finds that there are two problems: the lack of appropriate recording methods for commodity circulation and the insecure market trading environment. This study believes that the essence of these two gaps is the issue of trust, distrust of the reliability of information and the market environment. And this research found that blockchain and smart contract technology are very suitable for establishing a trust foundation. Therefore, how to eliminate the distrust of the Giffen financial market through the digital native trust established by the blockchain and smart contracts is a problem for this research.
Based on blockchain technology and smart contract technology, this research proposes the ＂Giffen-Like Good Commodity Resume System＂ (GLGCRS, referred to as GLGCRS), which uses smart contracts for each type of Giffen financial business. Create a dedicated product history and record the information in the product history from the source. When commodities are circulated in the market, they are executed in the product history. Due to the characteristics of the blockchain, the execution results will be recorded in the product history and can be verified. The authenticity and tracking of the content allows the circulation information to be integrated in the product history and to ensure the reliability of the information. In addition, the authenticity of the product can be confirmed through the presence or absence of the product history.
Through the structure of GLGCRS, fake products are invisible. There is no original product history for imitation products, and genuine products can be systematically recorded, which establishes a trustworthy trading environment for the Giffen financial market. | en_US |