But blockchain usage is evolving. There are lots of new businesses and features. The key advantages that drive this expansion are reduced transaction costs, greater security, improved monitoring, and improved convenience.
Within this posit, I will list examples of ecommerce vendors which use blockchain technology in their products.
Blockchain Vendors with Ecommerce Solutions
Coupit is a market to assist retailers by centralizing discounts, rewards, and transaction histories under a single website. The platform connects customers directly with vendors using smart advertisements to target shoppers based on their purchasing history, at no cost to the vendor.
The blockchain technology eliminates the danger of compromising customer data by verifying vendor identities. Additionally, it automates payments to vendors with a history on the community. And the marketplace gets rid of bogus reviews by using blockchain to confirm that the reviewer patronized a company.
CS-Cart has partnered with Omnitude to provide single identity capabilities using blockchain to enhance the retail experience. This capacity transforms existing core procedures for identify management, supply chain, product reviews, and fraud management. After a consumer enters authentication data into the system, all of his interactions inside the system and its partners will use the inherent blockchain technology.
ChanceChain is a blockchain-based social network that permits members to execute secure transactions on the platform using blockchain intelligent contracts. ChanceChain also supports its own cryptocurrency, known as ChanceCoin, to enable easy payments for these transactions.
TraDove facilitates international trade with intelligent contracts, addressing the trust problem in B2B transactions. Every user on this platform is vetted and authenticated, allowing for transactions to occur in a secure, risk-free atmosphere. TraDove has over 250,000 corporate buyers and vendors spread across 100 countries.
Eligma is a shopping platform which makes the buying and selling process more efficient. The platform employs blockchain for information security, smart contracts, and payment solutions. It delivers a universal system which will allow any merchant to quickly provide a loyalty program. Consumers may also benefit by having one ID to operate across multiple merchant loyalty programs.
ShipChain is a fully integrated platform that covers the whole supply chain — from a bundle leaving a warehouse to its last mile delivery to a client. The platform is built on blockchain contracts and empowers”track and trace” at any given step in the distribution chain. Additionally, it reduces costs by eliminating centre parties.
Shopin is an app which uses blockchain to provide a personalized shopping experience on retail sites. It produces a universal profile for each shopper which may be mined by retailers to get special offers and targeted advertisements, but only if approved by the shopper. Thus Shopin addresses a significant issue in ecommerce: client data privacy and ownership.
Volt Markets is a blockchain-based same-day delivery platform which connects the delivery group directly with end customers. This will eliminate agents and radically lower delivery costs. Deliveries can be implemented by anyone utilizing smart contracts. End customers may give rewards for on-time delivery by means of a rating system. The platform is extensible and allows many delivery options, based on customer demand and preferences.
Revain is a blockchain-based product review platform. It filters out low-end reviews and makes quality ones eligible for benefits through the platform’s cryptocurrency, RVN token. This encourages users to leave quality reviews. As a result of blockchain, reviews can never be altered or deleted, allowing shoppers to make decisions based on actual feedback.
SmartContract is a blockchain-based service which permits contracts and payments across major banks and payment platforms, such as HSBC, Chase, Mastercard, and PayPal. Using blockchain to regulate contracts helps prevent brokers in the center, lowering costs.
There are lots of crypto payment vendors. This distance has grown, with mainstream ecommerce websites including Expedia, Newegg, and Etsy accepting cryptocurrencies. Crypto payment vendors include BitPay, Bitstamp, Coinbase, Coinify, Bitnet Technologies, and Kraken.