The integration of technology is probably the best thing that could have happened to commerce. Not only it is now possible to perform digital transactions and payments from/to anywhere in the world, but the entire commerce system has also now shifted to the internet, thanks to modern technology. But, things do not stop just here. As the world becomes more connected and the mobile economy grows, there is a timely need for a more robust, secure and overall efficient e-commerce system.
Blockchain technology has helped make some significant improvements in the e-commerce space. While many online platforms have started accepting cryptocurrencies to allow their international clients an easier & convenient way to pay for their orders, many new projects in this space have emerged that are fully based on blockchain and utilising its power to change the way online commerce is managed.
Today, we will talk about five of the top blockchain-based e-commerce projects that are making an industry-wide disruption.
Libra is not just a coin, but it’s an e-commerce revolution. Libra coin is the native utility token for the Libra Ecosystem, which is a fully-fledged e-commerce platform created with advanced features and solutions for online businesses. Libra coin powers a blockchain-based digital payment system that comes with dedicated cards, ATMs, PoS and a range of other products and can be readily integrated into any existing business system for seamlessly accepting digital payments in cryptocurrencies from global customers. Moreover, the Libra ecosystem comprising a feature-rich blockchain-based e-commerce platform is expected to be launched soon.
Monetha is a kind of product research and validation platform that enables consumers and businesses to find more information and verified data about a product they are planning to buy or about a company they are planning to do business with. The platform was created to enable users to make online financial transactions in a fully secure environment. It provides access to an online marketplace comprising of hundreds of online stores and rewards users for every purchase. Moreover, customers get to earn more by saving and sharing their personal data with online shops.
Rate is a fintech startup that utilises blockchain technology to enable more seamless and cost-effective cross-border ecommerce. The platform was created to help consumers get more transparency with access to real-time exchange rates when performing cross-border transactions including online shopping. It uses blockchain technology to increase the efficiency & security of its app and in-browser extension that gives access to up to date exchange rates, the latest discount codes from across multiple popular ecommerce sites, and enables transactions that are free of any charges.
Retail.Global is a somewhat obvious type of ecommerce platform that brings together merchants and consumers from all over the world on a single blockchain-based global marketplace with the aim to consolidate the various parts of ecommerce and enable consumers to get the most out of a unified global ecommerce system backed industry experts and leaders. One of the company’s primary goals is to create equal opportunities for small & midsize local retailers in the online commerce space using the power of blockchain.
AORA is a global ecommerce platform that uses blockchain technology for cross-border e-commerce and allows users to shop from international markets like the US and China using cryptocurrencies. Users from anywhere in the world can use AORA to purchase products from other countries with trusted shipping to their doorstep.
Blockchain is the future of e-commerce and can help resolve a lot of the industry problems as well as improve overall efficiency, as we have already seen through the above-mentioned examples.