Blockchain in E-commerce

Blockchain in e-commerce is a technology that securely records transactions in a decentralized manner. Instead of relying on a single authority, like a bank, blockchain uses a network of computers to validate and store transaction data in "blocks," which are linked together in a transparent and tamper-proof chain. This enhances trust and security for online shopping by ensuring that all transactions are accurate and unalterable. It can also streamline processes like payment verification and supply chain tracking, improving efficiency and reducing fraud in online marketplaces.