Blockchain effect on E-commerce: A framework for key research areas

Abstract

Several business applications and procedures are expected to be significantly disrupted by Blockchain-based technologies, which has significant consequences for ecommerce. In light of the potential blockchain based technology are popularly known as "trust building systems" that can be used in multiple business models and standard guidelines which evolved placed above a white period to achieve believe, serviceability, and enforcement in various domains such as cunsumers related business, business related connections have to be questioned and possibly adjusted. By enabling trustless trade interactions that work without specialized intermediaries or even central authority in the case of permission lessblock chains, Blockchain has the power to change how electronic commerce operates. Furthermore, giving universal access to immutable data across the whole supply chain may significantly alter the information and value exchange between businesses and consumers. The methodology presented in this paper are intended to motivate further study of the potential effects of Blockchain on e-commerce. Technology, law, organizational and quality challenges, as well as consumer difficulties, are the four key categories. This paper demonstrates how Blockchain may affect many Electronic commercial components in these relevant fields.