5 Untold Secrets about Blockchain in eCommerce Cashback Industries

Technology & Internet have a breakthrough over time and their advancement has built many applications trouble-free way to achieve. This has impacted the major growth of more industries. One of the industries has benefited from E-commerce and Cashback.

The very popular e-commerce and Cashback industries such as Amazon, Flipkart and Ebates have completely reshaped the way of our Living & Shopping. The e-commerce/ cashback platform are provided many benefits such as Wide range of  Products Variety, offers, cost-effective to the users.

Meantime, it has given an increase to the contrasting issues related to this Platform. Most of these issues are associated with the Payment method, supply chain management, Security, happy merchants, Management System, contented users. and transparent digital market in e-commerce and Cashback Industries.

The Existing e-commerce and Cashback business Model will be going to face many complicates time in resolving these kinds of problems. 

Now a This Revolutionary Blockchain Technology will come to the E-commerce and cashback Platform to solve these problems. Already, You know about the innovative Blockchain technology. So, Let's See  Can Blockchain Fill The Missing gap of Security in E-commerce/ Cashback Development

5 ways to Blockchain is Reshaping eCommerce/ Cashback Platform.

1. Alternative Payment Methods:

Blockchain authorized by currencies is called cryptocurrencies. These type of currencies were the first execution of innovative Blockchain technology. Bitcoin which is the leading digital currency. 

Nowadays, Users can select to pay with bitcoin in the same way as people would choose to pay with PayPal or Payment Processor. Cryptocurrencies are doing used as an alternative to traditional currencies.

Cryptocurrencies cater many advantages over the fiat currencies that benefit both users, Business players, and merchants

2. Faster transaction :

Users and merchants can make secure transactions easily via Distribute Ledger Technology (DLT)

Blockchain-based Transactions take place on the mono network, lessening the need for mediators. Transactions of speed are limited only by the network speed which new block can be generated.

While Bitcoin once coped to handle 7 transactions per second, Lightning Network platform is promising millions of transactions in the same amount of time.

3. Supply Chain Management:

Supply chain management is incredibly important to the growing eCommerce and Cashback sector. Supply chains allow the organization to fastly deliver products or services to the customers for a low cost.

Who benefits Most?

1. Large inventories
2. Complex Products
3. A large Number of Suppliers
4. Users with vast purchasing cost

E-commerce assists companies diminish entire costs, better data efficiency, streamline supply chain services, increase the speed of business cycles, and improve users service.

4.Transparent and More Secure:

Blockchain plays a Vital role in the e-commerce sector. Blockchain allows outstanding security for online Database (DB) Platforms. It performs the complete implementation in e-commerce cashback sector.

Data theft, hacks has increased day by day. So, It's inexorable peril of missing users data. Utilizing blockchain is a perfect key to solving these kinds of challenges.

Smoothly conducting transactions in an effective manner in a transparent eCommerce Cashback Market Place.

5. Restoring Power of Purchasing Data to the User:

Reviews can define the order in which a business arises on an eCommerce cashback Marketplace.

Blockchain Technology is a crucial one to verify the reviews on your Products or services.

Blockchain Technolgy will manage your Organization's Reviews. Deploying blockchain can help curb fake reviews, as blockchain stores information in blocks which is added to a chain of alike data blocks. 

Each block needs to be verified on the blockchain network. It can be added and verified & can't be altered. 

Blockchain Merchants with E-commerce & Cashback Solutions:

Coupit is an online market place to help retailers by centralizing discounts, rewards, and transaction histories under one site which means with the mediator.

Eligma is a shopping Business platform that creates the buying and selling business more effectively. It uses blockchain for Secure Data, smart contracts, Transaction and payment solutions.

Statistics Report:

* This Statistic caters a Proper Date on Retails E-commerce and Cashback Sales in the United States from 2014 until 2022.

* Amount of E-commerce Sales is almost 526 billion  US dollars and are projected to grow to 893.4 billion US dollars in 2022.

* Retail e-commerce sales in the United States are projected to grow at a fast pace in the coming years, going from 505 billion U.S. dollars in 2018 to over 735 billion US dollars in 2023. 

Who We Are?

We Develop an affiliate platform on the blockchain.

CashCraft is the Trusted Blockchain Based Cashback Services among Globally. We Built an Affiliate Cashback and E-commerce Platform on the Decentralized Network. Our Entire team has developed an affiliate Platform on Distributed Technology. We also launch your own Blockchain based e-commerce and Affiliate Platform from Scratch.  Our 24/7 presence is constantly there to give entire support and maintenance of your business.

Wanna Build your own affiliate Platform on the Blockchain? >>> Talk to Our Expert

Reference: 

https://www.emarketer.com/Report/Worldwide-Retail-Ecommerce-Sales-eMarketers-Updated-Forecast-New-Mcommerce-Estimates-20162021/2002182
https://www.statista.com/topics/2443/us-ecommerce/
https://www.shopify.com/enterprise/global-ecommerce-statistics