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    Blockchain for Ecommerce

    Blockchain for ecommerce is a secure, distributed database for sharing business data across brands, retailers, and customers.

    What Is Blockchain for Ecommerce?

    While initially used to facilitate cryptocurrency transactions, blockchain has evolved to become a major player in the future of ecommerce. A blockchain is a secure, distributed database that enables users to make permanent changes to data in exchange for digital tokens or, in some cases, actual currency. Today, brands and retailers are using blockchain for ecommerce in a number of ways, including tracking inventory, better understanding stages of a product's supply chain, processing payments, facilitating peer-to-peer transactions, and more. Because blockchain for ecommerce is a decentralized database, it offers a level of transparency and accuracy that other databases can't. The security, convenience, and trackability blockchain offers mean that the technology will no doubt become central to ecommerce in the near future.

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