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HOW CAN BLOCKCHAIN LEVERAGE E-COMMERCE?
E-commerce isn’t going anywhere. The sector has expanded dramatically in recent years. It accounted for 11.9 per cent of worldwide retail sales in 2018, according to Statista, and is predicted to account for 17.5 per cent by 2021.
As a result of this fast expansion, industry behemoths like Amazon, eBay, and Alibaba have emerged, whose strength is based on data centralization and supremacy.
What can be done to compete more successfully in the e-commerce sector, one would wonder? The solution is new technology.
Nokia, for example, was the world’s leading manufacturer of mobile phones in 2007. In the same year, Apple introduced the iPhone 1, and nobody now mentions Nokia? Apple is everywhere in the media. E-commerce is the same way. New technology has the potential to break monopolies. This technology is Blockchain!
This is why it is critical to comprehend:
- How Blockchain Technology works concerning E-commerce
- Use-cases of it in the industry
