E-commerce does not stand still. Over the last few years, the industry has rapidly grown.
According to Statista, the e-commerce sector accounted for 11.9% of global retail sales in 2018, and by 2021, it is expected to account for 17.5%.
Such rapid growth has caused the appearance and development of industry juggernauts such as Amazon, eBay, or Alibaba whose power lies in data centralization and superiority.
The question arises: what can be done to compete more successfully in the e-commerce market? New technology is the answer.
For example, in 2007, Nokia was number one in mobile phone manufacturing. The same year, Apple unveiled its iPhone 1, and today, who talks about Nokia? Apple is in all the media.
The same refers to e-commerce. New technology can be a monopoly breaker. Today, this technology is blockchain.
This is why it is so important to understand:
how blockchain technology in ecommerce works, and
and what are its use-cases in the industry.