How blockchain can help ecommerce industry?
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. 1. Difficulty in Streamlining the Processes 2. Presence of Middle Man 3. Data Theft 4. General Data Protection Regulation (GDPR) 5. Tedious Operation Maintenance These are the major challenges that are being rolled in the e-commerce industry for more years. Blockchain In Ecommerce...