Blockchain Tech

In this pandemic situation, most people prefer to shop through an e-commerce platform . Even though there is a delay in product delivery, the services that they provide are very appreciable. They take their own risk to deliver the products and satisfy their customers. E-commerce industries are a boon to the customers. They provide valuable services. But at the same time, they face few problems. They can rectify this by implementing smart contracts. In this article, let us see about a smart contract and how it impacts e-commerce industries.  Smart Contracts: A smart contract is a program that gets stored on the blockchain. It runs when the predefined conditions are met and automates the execution that brings specific output without delay.  Based on simple statements like if, when, and then, the smart contract works. These codes are written and saved on the blockchain, and when it meets the conditions, it executes the actions like transactions, registration, ticket issuing, etc....

Every day one technology is edging over the other. In this way, Blockchain Technology is now adopted by market leaders to make more profit and to provide better services than the competition. Likewise, Blockchain in e-commerce SCM is the next big buzz that goes around. In today’s world, most of the supply chains operate without blockchain technology. Yet, the top players in the global markets like IBM and Walmart are carrying out projects that use blockchain technology to make their business processes more efficient and accurate. In this blog, we will witness how blockchain technology can provide value addition to the supply chain.  What is blockchain and why is it important? Blockchain is a specific type of database that adopts a decentralized and immutable system that makes it hard to manipulate the data, thereby adding more safety and security to the data stored.  In simple terms, blockchain is a distributed, decentralized, and immutable ledger that offers excellent data...

Reliable, efficient, and end-to-end communications across geographically dispersed partner ecosystems are essential for successful supply chain operations. The application of Blockchain in e-commerce supply chain management is gaining popularity and attention. Blockchain can offer the safest and most secure system that other technologies fail to give, showcasing as a game-changer in supply chain management. A multi-tiered supply system of suppliers, partners, and customers will benefit from it. In this blog, let us see some of the use cases of Blockchain for the supply chain and why it's crucial. Why do companies opt for Blockchain in the supply chain? Blockchain is a distributed, immutable, and decentralized database that allows data to be accessible and recoverable at any time. It uses a distributed and immutable network to make tracing information easier, also prohibiting data tampering. Blockchain in SCM allows for complete verification and analysis of any transaction. Thus en...