The Future of Online Shopping: Blockchain- Powered E-Commerce Platforms
Ajmeera Kiran, Nemani Divya Sri, Ramesh Kumar Ayyasamy, P. Chinnasamy, Sreelakshmi Vellanki, Maddula Vujwala · 2024
A cutting-edge online marketplace that uses blockchain technology to transform how we purchase and sell goods and services is known as a blockchain- powered e-commerce platform. This platform uses a decentralized network of computers, also known as nodes, to maintain a transparent and impenetrable record of all transactions instead of depending on a central authority like a bank or a company. A blockchain-based e-commerce platform is a secure, transparent, and trusted online marketplace. It does away with the need for intermediaries, improves security, and provides a world market where users can confidently conduct peer-to-peer transactions. This novel strategy could change how online commerce and shopping are performed.