A Blockchain-Based Platform Transforms E-Commerce Perspective into a Decentralized Marketplace
Faiza Rizwan Faiza Rizwan, Husneara Sheikh Sheikh Hamid, Rahima Meer Rahima Azmathullah, Faiza Rizwan Rizwanul Haque · 2019
Security and effectiveness have become important part in the today's business world. Most of the world’s population is diverging into e-commerce for its easy and effective services; however, security is the major concern which prevents the development of growing business. The solution is blockchain security which can enhance the credibility of the e-commerce services. This paper distinguishes about the challenges of the traditional process of ecommerce and how blockchain has conquered the traditional e-market using various blockchain-based platforms, variation of payment with crypto currency over traditional web payments. It demonstrates the business process carrying secured transactions with the decentralized marketplace. There are various e-commerce industries implementing blockchain-based platform for their improvement in online businesses. The study convinces the secure business transactions in a decentralized marketplace.