Shopping online has been gaining recognition since the unfortunate emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the ensuing lockdown that is happening worldwide. This refers to any type of electronic transactions of merchandise or services that take place between two companies. Consumer fears about security are based on worries about credit card number being stolen. Others are concerned about fraud where a retailer takes the money however does not ship the merchandise. Both can cause people to resist making Internet purchases.
For all websites that transfer knowledge online, especially relating to payment, you need to ensure that the network connection is protected by a Secured Security Layer (SSL). The SSL certificate keeps your website secure from website hackers and will help to build trust among your customers.
Fast processing- Blockchain technology for e-commerce is removing the dependency of middleman, manpower and third get together organizations from the e-commerce model. It saves quite a lot of time consumed in the overall process ranging from inventory managing, to order putting to delivering at users door step.
For those who are planning to begin a new online business or upgrade your existing eCommerce site, you need to consider using some of the innovative ideas related to Web 2.0 concept. Three years ago in case you would have searched the phrase “Web 2.zero”, you most likely wouldn’t have found any mention of this term on the Internet. Now, at the last depend, Google showed close to 60 million results relevant to this search. Superb! First time this term was coined by ‘Reilly Media to vaguely define a concept of second generation websites which were emerging after the dot com crush. Since their first use of this phrase to promote conferences organized by ‘Reilly Media and MediaLive International, the idea of Web 2.0 has become immensely fashionable in web development sector.
Cyber Threats- Despite of using a secure transaction network, the e-commerce industry is always at a danger of shedding their customers data and money due to unwanted cyber attacks. Blockchain technology is a perfect answer for resolving these challenges. It provides highest level of security by using distributed ledgers for managing the e-commerce database management systems.
Many Obstacles to selling across national boundaries exist. They include communication barriers, cultural differences, global delivery problems due to an absence of sufficient infrastructure and varying degrees of Internet capability in countries. E-Commerce becomes one of the preferred methods of shopping as they enjoy they are online in at the moment’s the world, because of its easiness and convenience. They are allowed to buy products or services from their home at any time of day or night.
Potential customers need to see detailed descriptions and pictures about the merchandise they are considering purchasing. Since your customer is not going to be able to actually view the item, it’s a good idea to provide as much data as possible. However, you must be careful not to overwhelm your audience with a plethora of technical info. An excellent technique is to provide a further data or product specification page for each item.