Blockchain E-Commerce Application Development
With blockchain approaching the economy’s primary industries, many companies are starting to research the possible use-cases of this futuristic technology, significantly how it can facilitate the e-commerce industries. Every time a product is bought or sold, there exists a set of transactions, and these transactions are secured with the aid of this tech. E-commerce businesses powered by blockchain will help establish a decentralized network where participants can perform transactions for products or services without risks. N2Group assists e-commerce enterprises with innovative ideas to incorporate this promising technology into their businesses.
Automated Quality Inspection
Legitimate Loyalty Program
Transparent Supply Chain Management
Current Inefficiencies in the E-commerce System
Lack of Transparency
Lack of transparency leads to loss of purchasing power and losses due to low product deals and offers on traditional E-commerce platforms.
Data Thefts & Security Breaches
Traditional E-commerce platforms lack the security required to protect and safeguard customer’s personal and financial data.
E-commerce businesses are forced to deploy an unmanageable workforce due to the lack of efficient automation tools.
Enhancements with Blockchain in the E-Commerce Sector
Unlock real-time traceability in payments and product delivery via blockchain-enabled E-commerce platforms.
Distributed Data enables multiple supply chain entities to have a clear insight into the information linked to the product, user, and delivery.
Automated Quality Inspection
E-commerce deployed on blockchains is empowered by automatic quality control powered by nodes that validate supply chains’ products.
Benefits of Blockchain E-Commerce Solutions
Simplified Order Processing
Smart Contracts Quality Inspection
Prevents Single-Point Failure System
Devoid of Data Breaches and Potential Hacks
Avoids Disputes and False Chargebacks
Next-gen Applications of Blockchain in E-Commerce Applications
Decentralized GovernanceDecentralized management of multiple E-Commerce groups such as manufacturers, logistics, and delivery companies leads to improved efficiency.
Efficient Supply Chain ManagementBlockchain benefits such as immutability, quality control, authentication, and consensus systems pave the way for the efficient supply chain management.
Transparent Rewarding SystemEntities and members of the blockchain can be transparently & promptly rewarded for their best efforts along the supply chain.
Smart Contracts Based InspectionExperience automated quality inspection in blockchain-powered supply chains powered via Smart Contracts for superior quality.
Privacy in Consumers DataBlockchain offers real-time privacy to consumers via features such as Data Masking and End-to-End Cryptographic Encryption.