In the last era, we have seen E-Commerce websites engaged on the Internet. A recent example of how eCommerce portals are increasingly accepted in the market is of- A management graduate from EDI, Shikha Agarwal who has launched online Grocery store with Cash on Delivery payment mode. The website accommodates all the items we would expect in a typical Grocery store record except perishable food. It is indeed a luxury buying from this website as it permits buyers to remain in their cozy houses and make purchase at discounted rates and get home delivery of the merchandise ordered. The necessary point of view she had not getting into Lifestyle or the Electronic sector. Instead by hitting the FMCG market, her website has recurrent and constant customers who purchase from the website every month.
Is it worth to have Ecommerce for all the businesses? No, this is not true. Ecommerce is barely viable for those businesses, which are prepared to cross the boundaries and are not limited to a specific local area. This may be a small retail store selling sweets to a huge multinational company selling medicines.
However, although the alternative to purchase and wear a lemon all due to e-commerce is everywhere, consider it as germs-they might be in every crevice, however there are ways to get immune, and there are areas to definitely avoid. But how? When it comes to European dress shirts, for example, they are a bit more exact. Instead of labeling a dress shirt with what may seem like a random number to most, akin to 17.5 for an XL dress shirt, men’s clothes in Europe are labeled by measurements, such as forty four instead of 17.5, where 44 represents centimeters of the neck all around. E-commerce, although, can nonetheless fudge up the differences between slim fit and regular fit, because every company’s “slim fit” can mean something else, so do be aware. What’s so good about eBay is you can potentially contact and question sellers about the item.
The term E-Business is an acronym referring to “Electronic Business,” and its business is conducted with the use of the Internet, Extranet, Intranet and website. On this sense, E-Business is a bit similar to E-Commerce, however it’s more than simply selling and buying merchandise or services online.
Non purposeful requirements concentrate on the usability, security, reliability, and the performance of the procurement system. The usability function refers to the ease a particular system is to understand and use. Security of the procurement system touches on the hazards that someone may encounter while using the system. Over the past few years this has become one of the most essential issues in online purchasing. Consumers are targeted often by criminals who fleece them of their money as well as their data. Reliability refers to the proper functioning that will allow the system to perform effectively every time. The overall performance of the procurement system should incorporate all these components to keep up all the non practical requirements.
Despite being similar in nature, as each involve shopping for and selling, there are differences between the two. E-commerce is possible solely when we have the internet connectivity, however talking about M-commerce, we do not require any internet connectivity. Via M-commerce it’s now possible to do Video conferencing even in places where there isn’t any internet. E-commerce not only requires internet connectivity but also the consumption and usage of electricity whereas there isn’t any such requirement with M-commerce. Even a layman can do M-commerce compared to E-commerce however nonetheless, using M-commerce costs more than using E-commerce.
These challenges have been bothering the sellers since the beginning. Thus, integrating Blockchain Technology to e-commerce sector can definitely be a very good idea for the whole system. Here comes the need of Blockchain technology for e-commerce industry which is capable of resolving all the challenges alone.