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.
Cross-Border Payments
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.
Huge Workforce
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
Efficient Traceability
Unlock real-time traceability in payments and product delivery via blockchain-enabled E-commerce platforms.
Distributed Data
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
Secured Transactions
Smart Contracts Quality Inspection
Cryptocurrency Adaptability
Verified Stakeholders
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
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Decentralized Governance
Decentralized management of multiple E-Commerce groups such as manufacturers, logistics, and delivery companies leads to improved efficiency. -
Efficient Supply Chain Management
Blockchain benefits such as immutability, quality control, authentication, and consensus systems pave the way for the efficient supply chain management. -
Transparent Rewarding System
Entities and members of the blockchain can be transparently & promptly rewarded for their best efforts along the supply chain. -
Smart Contracts Based Inspection
Experience automated quality inspection in blockchain-powered supply chains powered via Smart Contracts for superior quality. -
Privacy in Consumers Data
Blockchain offers real-time privacy to consumers via features such as Data Masking and End-to-End Cryptographic Encryption.
How N2Group build Blockchain E-Commerce Applications?
Brainstorming
Deciding the Technology Base
Foresight
Developing the Solution from Scratch
Upgrading the Existing Process
Audit & Fixes
Consumer Support
