Bitprotos: Blockchain in E-commerce

Blockchain E-commerce Platform

E-commerce is one of the leading industries around the world. E-commerce platforms require tremendous power and storage to manage large amounts of data and other services. Even though the industry has superior functioning at present, there are ways to enhance it further, which is possible through blockchain technology. Blockchain can help e-commerce businesses to handle data more efficiently. The platforms can store information about users, products, orders, deliveries, manufacturers, sellers, and much more in an organized manner in a blockchain network.

Blockchain is well-known for its security features that provide the e-commerce sector with extra layers of security. It cuts down the intermediaries and promotes peer-to-peer transactions. We get many added features like quick transactions, reduced chargeback frauds, customer reviews verification, personalized product offerings. With traceability, blockchain guarantees end-to-end product tracking to the customers. Ultimately, people can track their orders in real-time and also check the products’ authenticity.

Do you wish to know more about blockchain industry solutions or blockchain e-commerce marketplace development? Consult us!

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Use Cases Of Blockchain In
E-commerce

Blockchain technology can transform the current e-commerce sector into a highly secure ecosystem. It ensures the elimination of intermediaries and enables peer-to-peer transactions. We strive to employ these practical use cases to build a real-world application and elevate the business as well as the revenue.

Peer-to-Peer Transactions

P2P is the most significant feature of blockchain in e-commerce. It enables direct transactions between the customers and the merchants. P2P is a more simplified payment option because people can send money using a mobile application or dApp.

Supply Chain Management

Customers can track their products from production to delivery in real-time. Blockchain-backed supply chain systems enable transparency and product traceability. Businesses can perform active streamlining of goods to ensure enhanced customer satisfaction.

Inventory Management

E-commerce businesses can store, order, use, and sell their inventory efficiently. This aids in simplifying the management of materials and warehouses. Blockchain-powered inventory management helps businesses keep track of stocks and reduce the risk of low supplies.

Traceability

A blockchain e-commerce platform facilitates traceability of the product and reduces counterfeits. This helps the customers to review the product flow right from manufacturing to delivery. With traceability, the origin of the goods can easily be tracked.

Data Management

Typical data management systems involve too much paperwork and errors, whereas blockchain technology can efficiently store and organize large amounts of data in a decentralized network. Additionally, it offers enhanced privacy and security to the stored data.

Fraud Prevention

Chargeback frauds are common in an e-commerce business, but it is a loss for the merchants. Businesses can put blockchain in place to prevent users from taking advantage of such refund and replacement offers. It prevents fraudulent activities by verifying all transactions.

Perks Blockchain Brings Into An E-commerce Business

Product Authenticity

Blockchain helps to prove the authenticity of products by ensuring the originality of goods in every step of the supply chain. This will ultimately help an e-commerce business acquire customers’ loyalty and trust.

No Intermediaries

Blockchain technology is the best possible solution to eliminate the intermediaries involved in transactions. So customers need not depend on borkers for transaction verification nor pay high fees.

Automatic Processes

Blockchain uses smart contracts to facilitate quick and automated transactions once the necessary conditions are met. The outcomes of such processes will be more accurate and can save time

Enhanced Security

Blockchain levies high security levels to minimize or completely eliminate hacking and other malicious activities in an e-commerce environment which involves huge data processing and transactions.

Instant Payments

Typical transactions take so much time, especially during cross-border transactions. But using blockchain technology, fiat transactions are possible quickly and securely.

Real-time Tracking

The customers can live-track their products in real-time. Blockchain gathers the data of a product at all stages of the supply chain and makes it accessible for supply chain users.

Revenue-boosting Business Opportunities

In addition to the contemporary benefits, implementing blockchain technology provides e-commerce industries with widespread business opportunities.

No Mediators

Blockchain assures the elimination of third parties in the e-commerce business and saves the money spent on brokerage. This improves the business processes and aids in faster transactions.

Automatic Approvals

Blockchain uses smart contracts to execute transactions once the necessary conditions are met automatically. Due to this, the time and money spent on the human workforce can be avoided.

Partnership Benefits

In a blockchain network, many businesses could exist in a shared ecosystem. This helps e-commerce businesses to lend their services and acquire other services more efficiently.

Increased Revenue

Blockchain can help reduce unnecessary expenses by avoiding brokerages, reducing manual work, etc. As a result, it increases the overall revenue of the e-commerce businesses.

What Can We Do For Your Business?

We assist e-commerce businesses to obtain the best blockchain e-commerce solutions with these fine-tuned deliverables.

Documentation & MVP

We acquire the client’s requirements and start analyzing, formulating, and finalizing a strategy to follow. Then, we develop a conceptual workflow and blockchain model of the application. Based on the client’s needs, we customize and create a product prototype.

Admin Console

The admin console will assist in monitoring various transactions and other actions taking place in the blockchain. We ensure that the console is easy and flexible to use. When an unexpected situation occurs, the admin can interrupt and solve the console problem.

Smart Contract Integration

We integrate smart contracts that represent the workflow of the business. Using smart contracts, e-commerce businesses can cut down the costs spent on human resources, automate the transaction processes, and increase data accuracy

DApp

We use innovative blockchain e-commerce applications development strategies to create a user-friendly dApp for the end-users. After performing the necessary steps from scratch, we deliver an enhanced, high-quality, and user-friendly application.

Crypto Payment Gateway

We create the best crypto payment gateway that facilitates easy and secure crypto transactions. In addition to fiat payment modes, merchants can also accept crypto payments globally through the implementation of this gateway.

Support & Maintenance

We provide expert blockchain application maintenance and support to the client. This helps to ensure enhanced performance, scalability, and portability of the application. We incorporate the finest methodologies to uplift your driving revenue and customer satisfaction.

Blockchain in E-commerce