A Crucial Role in Block Chain Technology on Dark Net Market

Abstract

Blockchain technology, with its decentralized, secure, and anonymous transaction capabilities, has significantly impacted various sectors, including the underworld of DarkNet markets. This paper explores the pivotal role that blockchain plays in facilitating illegal activities on these markets, such as drug trafficking and illegal arms sales. By providing enhanced anonymity and robust security, cryptocurrencies like Bitcoin enable transactions that evade traditional financial scrutiny.

However, this also presents substantial challenges for law enforcement and regulatory bodies, who struggle to trace and control illicit activities. Through case studies of notable DarkNet markets like Silk Road and AlphaBay, this paper highlights the dual-edged nature of blockchain technology, emphasizing the need for innovative regulatory frameworks and international cooperation to mitigate its misuse while harnessing its benefits for legitimate applications.