Sunday, September 17, 2017

Blockchain News: Bringing Blockchain Technology to E-Commerce: Current Trends

Bringing Blockchain Technology to E-Commerce: Current Trends

While online retail sales have increased astronomically over recent years, in the online retail space, from shoes, to purses, and even to software-as-a-service (SaaS), retailers are facing challenges in the ways that they reach and satisfy customers.

New Blockchain technology solutions are coming that will help to simplify the customer acquisition process, as well as help customers to make informed choices before buying.

We’ve all been there. You find the perfect item for sale online and purchase it, only to discover that it’s actually a fraction of the size you originally thought. Our immediate disgust wears off, and after a few days of procrastinating, we throw it back in the original packaging and send it back.

The fact that this scenario is ubiquitous is not good for the online retail market space. Returns are a major struggle for online retailers, totaling $260 bln last year alone. Packaging is damaged, restocking is costly, and consumers have come to expect better return service than during the early days of Amazon.


Full story at http://bit.ly/2xdbyaR


Source: CoinTelegraph


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