Blockchain is the most adaptable technology that every industry inherits for their development. According to the recent statistical report, the global market is expected to have a surge of more than 400% due to blockchain technology by 2021.
What is eCommerce?
Electronic + commerce = E-commerce .
The process of buying and selling goods/services through online mediums or the internet or an electronic medium is known as “E-commerce”. This pays the way for people to do business anytime anywhere with no obstacles in distance and time.
Challenges in the Ecommerce Industry
Here listed are the most important pain points of the Survival, sustenance, and growth of the e-commerce industry.
Difficulty in Streamlining the Processes
Presence of Middle Man
Data Theft
General Data Protection Regulation (GDPR)
Tedious Operation Maintenance
These are the major challenges that are being rolled in the e-commerce industry for more years.
Blockchain In Ecommerce
Blockchain Technology is a versatile technology that can be implemented in the process of e-commerce to diminish the challenges prevailing in the e-commerce industry over the decades.
Blockchain will be an ever-ready technology that aims to be the backbone of the e-commerce industry to face every above-addressed challenge.
E-commerce Blockchain
E-commerce Blockchain is nothing but an e-commerce platform that incorporates blockchain technology for the effective results of all data processing and management. E-commerce is not easy as you think and it involves a large volume of customers, maintaining their data and inventories and more.