The Application and Prospects of Blockchain Technology in E-commerce

Abstract

The development of blockchain technology has brought broader prospects to various sectors of society and has also provided innovative applications for the development of e-commerce. Its characteristics of openness, transparency, and reliability have incalculable impacts on the future society. As e-commerce continues to grow in China, it is currently undergoing a crucial transition phase of new innovative development, which also brings about a series of problems. This paper, from the perspective of blockchain technology, analyzes the reasons for applying blockchain technology to the cross-border e-commerce field, discusses three application modes of "Blockchain + E-commerce," and finally proposes the development direction and recommendations for blockchain technology in the cross-border e-commerce field. It explores how blockchain technology can be better applied and its significance for the development of e-commerce in China.