Auction house using smart contracts

Abstract

Auction House Using Smart Contracts is a decentralized application which operates using the power of blockchain technology and Smart Contracts. People can buy and sell products through auction without depending upon any third-party service like eBay. Smart Contracts allow this application to run in trust-less and decentralized environment. People no longer need to provide their private information like name, password, email address to access features of website. Multisignature escrow service is implemented in which two out of three people which are buyer, seller and arbiter (person who finalized the auction) vote to either release fund to seller or refund amount to seller in case of any product related problem.