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Blockchain integrated optimized e-commerce business process model.

Authors :
Lakshmi, Ayathu Sri
Jayadevappa, Savitha Nadig
D'Souza, Cheryl
Lekhi, Sushil
Jyothi, Nelahonne Mohan
Pavani, Avula
Source :
AIP Conference Proceedings. 2024, Vol. 3112 Issue 1, p1-10. 10p.
Publication Year :
2024

Abstract

Integration of block chain in e-commerce optimizes every process of the e-commerce. It boosts the benefits to end customers, merchants, and suppliers. In this research paper, study is conducted to know how e-commerce process can be optimized by integrating with blockchain platform. Blockchain offers streamlined processes and seamless experience to its stakeholders. The use of hyper ledger keeps the record more authentic and secure. Blockchain upholds the value system like trust and loyalty. All participants have equal rights. Blockchain eliminates unnecessary processes and makes it much faster. Payment and refund will be faster, and counterfeit goods will be eliminated. The information stored in blockchain cannot be manipulated or deleted. The information provided by the merchant on the product description is highly authentic. Cryptocurrency removes the barriers of foreign exchange. The study also focuses on the challenges of implementing blockchain. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0094243X
Volume :
3112
Issue :
1
Database :
Academic Search Index
Journal :
AIP Conference Proceedings
Publication Type :
Conference
Accession number :
177658122
Full Text :
https://doi.org/10.1063/5.0211347