Blockchain Technology in E-Commerce: Applications and Implications

Abstract

Blockchain technology might disrupt several businesses, including e-commerce. Blockchain technology's uses and implications in e-commerce are covered in this study. Based on current research and commercial developments, we investigate how blockchain improves online transaction transparency, security, and efficiency. Supply chain management, digital identity verification, payment processing, and decentralised marketplaces are among the e-commerce blockchain applications. We also cover e-commerce blockchain adoption difficulties and prospects, including scalability, regulatory issues, user engagement, and interoperability. This paper informs e-commerce stakeholders on blockchain technology's disruptive influence and guides digital marketplace strategic decision-making by analysing the possible advantages and dangers of blockchain deployment.