The busy lifestyle has made us utterly dependent on on-line shopping. Whether it is a matter of buying a brand new phone or having an urge to scroll the list of trendy clothes, we can’t forget the e-commerce websites.
According to research, nearly 25% of the world's population prefers to shop online. However, there are about 110,000 e-commerce websites, which every day attracts customers to make the purchase. Think about it why even after too many online e-commerce businesses, still the numbers of shoppers are so less. Phishing attacks, money thefts, credit card frauds, data misuse, hacking are the major security threats that force people to say ‘No’ to electronic commerce solutions.
If you are a shop owner who is planning to develop an e-commerce/real-world website for future business, then there is a need to worry about how you will survive in the market. All you have to win the people’s trust by following secure technology. Are you ready to know which technology has a great potential to enhance the value of online shopping stores?
So, Blockchain is the single most effective technology that will not only drive the safety for your internet commerce but also provides too many lucrative benefits to shape the landscape of businesses.
Check-out the 7 Ways How Blockchain Is Beneficial for eCommerce Industry:
1. Secure Data
Today, many companies choose blockchain app development for making custom e-commerce websites because it is decentralized or distributed-ledger based technology that uses robust authentication protocols over a node network to protect the transaction record and data from being corrupted or hacked. It saves every information on centralized servers, and due to this, no one can steal the consumers' data.
2. Purchase History
Blockchain technology-based applications are praiseworthy as it enables the merchants to track the purchase details of the customers. Other than that, the solution makes it easier for the individuals to print the buying receipt that means any company, if it offers the warranty option along with the product, then users can show it freely to return the orders or take the repair service after the purchase.
3. Supply Chain Traceability
The traditional e-commerce companies faced failure in their business because they didn’t provide the shipping details and scheduled delivery to the consumers. Now the demand for purchasing things from Amazon is very high as it uses the blockchain e-commerce solutions. By using that one can know the exact date/time of product delivery as well as the location from where the product is delivered.
4. Product Descriptions With Images
Blockchain applications are meaningful for safe transactions and are enjoyable to check the product descriptions with images. Before putting the items into a cart section, buyers can take the screenshots of order details for making the further verification. Similarly, technology is significant enough to share information with suppliers in case of return or defect issues.
5. No-Third Party Validation Required
Blockchain technology applications accept the bitcoin currency. To make the payment with bitcoin blockchain-based currency, there is no need for third-party validations because the merchants directly give permissions to the customers to make the transactions fearlessly.
6. Reviews Verification
Some companies put fake reviews on their websites mainly to earn the customer’s trust and which is the biggest drawback that never let their online stores grow. But if you use blockchain app development then, coders will help you to maintain the transparency over the website. It helps the consumers examine the reviews and ratings in real-time, which means there is no chance of playing scam with blockchain electronic commerce.
7. Redeem Reward Points
The main benefit of integrating old-existing systems with blockchain technology is business marketing. The app makes it possible for the vendors to offer redeemable reward points to the clients chiefly to receive huge discounts on particular items.
Summing Up
Blockchain applications have all the possibilities to become the backbone of the eCommerce marketplace. Before investing the hefty budget on any kind of online business, it is vital to get the IT consultation from blockchain developers as they have A to Z solutions to make the online brands safe and successful.
You can also explore the experienced and proficient blockchain service provider - Seasia Infotech, the award-winning CMMI Level 5 software development company New York that proffers the myriad of blockchain app development services at cost-effective prices and utilizes the agile-based architecture to cater to the digital needs with 100% security and transparency.
