International Journal of Innovative Research in                 Electrical, Electronics, Instrumentation and Control Engineering

A monthly Peer-reviewed / Refereed journal

ISSN Online 2321-2004
ISSN Print 2321-5526

Since 2013

Abstract: In the modern era, the Internet technology is transitioning at a high pace. The transition from WEB 1.0 to WEB 2.0 was very swift and even the transition to WEB 3.0 will be smooth. This paper discusses about the application of blockchain technology in WEB 3.0 environment. It also discusses about smart contract which enables a user to transact on a specific blockchain network called Ethereum. Being the second largest cryptocurrency in the market, it offers a wide variety of decentralized application. The smart contract of this paper aims at transparent and irreversible transfer of Ether tokens from one wallet address to another wallet address along with a customized note.

Keywords: WEB 3.0, cryptocurrency, smart contract, banking in blockchain, supply chain, mining, Ethereum, gas fees, minting, virtual wallet


PDF | DOI: 10.17148/IJIREEICE.2022.10610

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