In recent years, the number of Internet buyers has increased significantly.
A study conducted by the Pew Research Center in 2016 showed that 8 out of 10 Americans make purchases online.
Most buyers prefer to buy goods on the world market, the online platform is a simple and inexpensive way to do it.
Unfortunately, numerous cases were recorded when customers were disappointed with the purchases they received.
Customers do not have full access to official information relating to the originality of purchased products, nor can they be completely sure that the goods will reach the desired destination on time and in the proper way.
The negative side of online shopping is that users often get fakes.
Consulting firm Deloitte , noted that :
“The use of blockages in the supply chain can help participants write down the price, date, location, quality, certification and other relevant information for more efficient supply management.”
How a blockchain system can improve online shopping
There are three arguments in favor of development:
- First of all, it is the ability to control movements. One of the useful features of this development is that with the help of smart contracts, companies and customers can track product information, starting with its production. In addition, they will be able to verify the authenticity of resources.
- Secondly , the application of technology allows you to check the product’s credentials every time it is needed. This feature is important for valuable goods. Thus, customers will be able to check whether the purchase is legal.
- Third , blockchain proves identity. The Internet market is a cheap and affordable way to promote fraudulent products and services. Using this technology will eliminate this problem and allow buyers to verify the identity of the seller. In other words, they will have access to a basic source.
Blocking has a real potential for eliminating the dilemma associated with online shopping, and not only.