Today blockchain is considered the most groundbreaking innovation from the fourth industrial revolution. The world has never seen a technology so powerful; transforming it into a first class efficiency. This technology has been implemented into OfferZone, the sector of e-commerce, & the gambling industry with auctions and raffles online.
OfferZone is transforming the industry by having the greatest impact on daily activities of consumers, vendors, & the electronic commerce industry.
The platform that we’ve created features accessibility, transparency & security, counting on a broad spectrum of products offered by users who join and then obtaining great benefits with one efficient paying & transferring system with (OFZ) tokens.
The current model for business e-commerce will have difficulties to resolve all of these problems. The solution to all of these problems is through blockchain technology.
In this section, I will project the different difficulties that the e-commerce is facing and how it will be solved through the blockchain technology in the near future.
1.Payments
With blockchain technology the financial sectors’ payment system will be exceptionally agile. Currently the payment system for the international e-commerce presents inconveniences. Even including the options like PayPal & Skrill with elevated processing costs, also high fees from the platforms for purchases and sales made by the retailers who use the platform. The fees average around 2–3% from the total price of any sale agreement.
Like I mentioned the project of OfferZone has an objective to create a market based on blockchain e-commerce utilizing fast and secure transactions for any user registered under our platform relaying on an incredible global experience.
2. Supply Chain Management
Maybe one of the most important aspects of the e-commerce is this; Why does the current systems chain of management have various problems that can be resolved with blockchain technology?
OfferZone depend on a incorruptible visualization process of the chain management. Validating data in the red blockchain virtually incorruptible. This process centers the solution that is necessary for administration problems that the e-commerce industry is currently facing in the present. With the incorruptible red blockchain we will have a transparent chain management where consumers can visualize the flow of orders, purchases, & sales of products. This increases the confidence of the consumer.
3. Data Security
The current e-commerce platforms databases contain a great number of data from clients and registered retailers. This information is stored in centralized servers that are vulnerable to cyber attacks then suffering great loss of stolen information. Nevertheless, with the OfferZone’s platform based on blockchain it’s impossible to suffer from these these types of attacks since it’s totally decentralized, which means all the information from the users will found completely secured.
4. Transparent Market
There exist a lot of complaints by retailers against e-commerce. Big stores like Amazon are known for cutting direct contact between consumer and seller and in some instances they usually disable with none or very little explanation. This is one of the biggest problems currently faced by big platforms of e-commerce.
With blockchain’s technological solutions these problems inherited by the e-commerce industry can be resolved.
