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How Blockchain Technology Will Transform The E-Commerce Industry Over The Next Few Years

Blockchain innovation ought to be viewed as the most disruptive technology of the fourth industrial revolution. Blockchain innovation possibly impacts all areas of the economy will change through first-rate productivity. It has been utilized in various segments of industries likes financial, energy sector, and logistics to supply chain management. Let’s see our PPT which briefs you about how blockchain technology will transform the e-commerce industry over the next few years.

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How Blockchain Technology Will Transform The E-Commerce Industry Over The Next Few Years

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  1. How Blockchain Technology Will Transform E-Commerce Industry Over The Next Few Years

  2. Blockchain technology should be considered the most disruptive technology. • The blockchain technology and it could potentially impact all sectors of the economy complete will transforming it through top-notch efficiency. • Blockchain technology has been employed in different sectors of the industry like financial, energy, logistics to supply chain management, health sector to the gaming industry, and is even being used in online gambling.

  3. Different Issues Faced by E-commerce Industry & How It Will Be Solved Through Blockchain Technology Payments. Supply Chain Management. Data Security. Transparent Marketplace.

  4. Payments • The payment industry will greatly benefit from blockchain technology. • Payment solutions for international e-commerce are far from perfect, & even with payment solutions like PayPal and Skrill, the payment industry still needs some reworking. • Blockchain e-commerce projects such as request network & e-commerce have an aim to create a blockchain based marketplace using fast & secure transactions for any e-commerce business model.

  5. Supply Chain Management • The most prominent use of blockchain is in the cryptocurrency. • Blockchain can increase the efficiency & transparency of supply chains. • Blockchains allow for the transfer of funds anywhere in the world, it’s very convenient for a supply chain that is globalized.

  6. Data Security • The potential to change the way businesses operate & can help businesses become more secure & efficient. • E-commerce platforms are home to a very large amount of data. • Customer’s data is stored on centralized servers where it is vulnerable to online criminals. • Blockchain platforms are decentralized, which in turn means customer data is also decentralized.

  7. Transparent Marketplace • The blockchain is a platform that consists of a decentralized ledger that records, verifies, & tracks cryptocurrency transactions between parties. • It is a decentralized marketplace, in turn, are p2p networks that directly connect consumers & sellers without any intermediaries. • A decentralized marketplace connects three group of users: producers, sellers, and consumers.

  8. Are You Looking for a Blockchain App Developer? Contact Us https://www.consagous.com/blockchain-services/ https://www.consagous.com/ info@consagous.com

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