ABSTRACT. This whitepaper abstractly describes a system designed to implement an
Ethereum blockchain-based marketplace to execute a decentralized auction for both
physical and digital products and services. Etheriya Project is a proposed system that uses
the blockchain technology and leverages smart contract techniques using Ethereum’s core
innovation including security and immutability. Etheriya seeks to implement smart
contracts that can reduce the friction involved with payments for a wide range of industries
and blockchain market sectors.