The unfortunate onset of the Covid-19 pandemic had resulted in lockdowns and travel restrictions that are being enforced worldwide to curb the spread of the disease. Sri Lanka does not have a greying inhabitants unlike most developed countries. This is another alternative for the nation to adapt to new trends. It’s relatively arduous for elderly people to adapt to new trends. Youngsters are instinctively inclined in the direction of adapting to new trends. Since the Sri Lankan population consists a larger proportion of youngsters, it is clearly visible that their vogue would change towards an eCommerce market than a conventional shopping place. This is already happening in the nation, but not the eCommerce is just not perfect yet.
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.
eCommerce is world! Where else do you get retailers in Australia competing with small businesses in America and individuals in Japan all in the same industry and over the same merchandise and services. And how else may the average person expect to be able to get access to goods and services from anywhere other than their immediate locality if not for eCommerce! It is the wonder of the modern age and a blessing for businesses and consumers the world over.
3. Consumer to Consumer (C2C) – It facilitates the online transaction of goods or services between two people. Although there isn’t any visible intermediary involved but the parties can’t carry out the transactions with out the platform which is provided by the online market maker akin to eBay.
However, people with conventional business experience can succeed online with their knowledge as well – there may be a slight learning curve, but issues corresponding to niche, marketing crowd, etc. Can be beneficial to anyone with any conventional business experience. Time consuming- E-commerce model include an array of operations like provide chain, logistics, payment gateways etc. To manage all these operations e-commerce industry has to deal with this intermediates everyday. This consumes a lot of time to complete the whole process.
Fast processing- Blockchain technology for e-commerce is removing the dependency of middleman, manpower and third social gathering organizations from the e-commerce model. It saves a number of time consumed in the overall process starting from inventory managing, to order putting to delivering at users door step.
In order to begin Ecommerce what you need is a good web site with complete ecommerce facilities and then search engine optimization of your site in order that it can begin pulling real customers. In spite of the indisputable fact that such systems are already in place, many consumers are nonetheless wary of purchasing products over the Internet. There are two reasons for this reluctance: (1) Security issues and (2) Purchase behavior habits.