🛍 Blockchain in E-Commerce

Today's Highlights

• Revolutionizing Online Shopping
• Blockchain jobs - a listing of fresh jobs related to web3/blockchain/crypto.
• In Other News - a few interesting developments we're tracking.

Revolutionizing Online Shopping

In the last 10 years, online businesses have grown at an exponential rate. The pandemic has further propelled the growth. Almost every sector has robust e-commerce applications now. The industry is evolving on a daily basis as new technology is developed.

One such technology that has the potential to revolutionize e-commerce is blockchain.

Online businesses utilizing blockchain would have a decentralized database that stores information about product and customers, and it enables transparency with customers while making sure there is no fraud. Business costs will also be reduced due to elimination of costs associated with processing transactions.

Security is a top concern when shopping online. Millions of credit/debit card numbers are entered on websites on a daily basis, and it is vital that the customers' personal information is protected. Blockchain allows for user data to be encrypted so that the information can’t be stolen or corrupted. A tamper-proof ledger of all the transactions is also created which makes it near impossible for hackers to manipulate customer information.

Blockchain also helps with managing and storing customers’ payment information which makes transactions go through faster. It automates the verification and confirmation aspects of payments. This eliminates the need for customers to wait in a virtual line or having to log back in after a certain period of time.

Utilizing blockchain in e-commerce, overall, provides a more transparent experience for customers while being more time and cost efficient on many fronts of the industry. As the technology evolves, there will be new applications in the online shopping space.

💡 Blockchain Jobs

In Other News