Blockchain in e-commerce — perspectives and realities

Syntera
2 min readMay 3, 2019

The blockchain technology was developed in 2009 to calculate decentralized, secure and transparent transactions with Bitcoin. The revolutionary technology is eliminating fraud, fraud, theft, violation of cryptocurrency management rights. Since then, the blockchain began to be used in almost all areas of the economy, including in e-commerce. Only in 2017 into new e-commerce projects was invested over $ 3 billion. Analytical research is showing that in 2017 the companies’ profits from implementing blockchain solutions was about $ 2.5 billion. According to forecasts, by 2030 this figure will reach $ 2 trillion.

Internet sales are growing steadily, and new tools based on the blockchain are helping entrepreneurs more actively attracting customers, contribution to direct communication with customers allows customers to make an informed product selection. With the introduction of blockchain technology in e-commerce is expected soaring sales, vendor satisfaction and contentment of buyers. Online trading platforms are becoming transparent, open, most reliable transaction for both parties, reduced transaction cost of doing business online and simplifies the purchase process.

The company Syntera is based on the principles of sharing economy and the blockchain. We see the future of the world economy as decentralization. And all of our products both launched, and preparing to be launch, are following these principles. Syntera — the art of sharing.

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