Blockchain in Ecommerce

Enache, Maria Cristina

doi:10.35219/rce20670532118

Cited by 4 publications

(4 citation statements)

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“…Better understanding of the risks and opportunities will create better services. 15 (Cristina, 2021) 2 Blockchain technology offers data security, purchase history, new and improved payment methods as well as cheaper transaction fees. Development for the application is still in progress.…”

Section: Findings and Discussionmentioning

confidence: 99%

“…Blockchain technology in e-commerce ensures better security of the platform as in nature, the blockchain technology is immutable and tamper-proof, this ensures cyber-attacks are reduced and a heightened sense of consumer privacy and security (Wang, 2021). With the information being on a distributed ledger, it also ensures complete transparency of information and traceability (Cristina, 2021;Subramanian, 2018;Tredinnick, 2019;Treiblmaier & Sillaber, 2021;Xiao et al, 2021).…”

Section: The Benefits Of Using Blockchain Technology In E-commercementioning

confidence: 99%

“…This technology currently has many applications and uses. However, the technology is not yet completely developed and still has the potential to be developed further to explore all possible applications (Cristina, 2021;ZhuanSun et al, 2021). Apart from developing the technology, the infrastructure required for the technology is expensive to develop (Bao & Feng, 2020;Dutta et al, 2020) and requires large amounts of computing power which consumes more energy as opposed to traditional e-commerce functions (Cai & Zhu, 2016;Schellekens, 2019;Sial, 2019;ZhuanSun et al, 2021).…”

Section: The Challenges Involved With Using Blockchain Technology In ...mentioning

confidence: 99%

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The state of and prospects for the application of blockchain technology in e-commerce

Karani,

Mwapwele

2023

IJRBS

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Whilst e-commerce continues to grow, it has met privacy, trust, and security challenges. Blockchain technology is among the solutions that e-commerce can use to address these challenges. Blockchain technology poses benefits but comes with its challenges. The purpose of this study was to systematically review literature that focused on the state and prospects of blockchain technology in e-commerce. Specifically, the research question is what is the state of the application of blockchain technology in e-commerce? The study conducted searches using four databases (EbscoHost, Science Direct, IEEE Explore, and Jstor) as well as Google Scholar. Exclusion and inclusion criteria were applied in the searches to answer the research question. In total, 25 articles were used for this research and were thematically analysed. The results showed that while there are many benefits in implementing blockchain technologies in e-commerce, there are also challenges. The benefits include an increase in privacy, enhanced security, and minimized costs of transactions. The challenges are tax evasion, black market transactions, and lack of regulation. Results also showed blockchains are used to track product movement and originality. The study's novel contribution is to theory by developing a model for the application, benefits, and challenges of the blockchain technology ecosystem in e-commerce. The study contributes to policy by focusing on sustainable development goals 7 and 9. The research also contributes to the body of knowledge on the application of blockchain. Businesses, scholars, government officials, and other stakeholders can use this study to understand the application, challenges, and benefits of blockchain in e-commerce.

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Section: Findings and Discussionmentioning

confidence: 99%

Section: The Benefits Of Using Blockchain Technology In E-commercementioning

confidence: 99%

Section: The Challenges Involved With Using Blockchain Technology In ...mentioning

confidence: 99%

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The state of and prospects for the application of blockchain technology in e-commerce

Karani,

Mwapwele

2023

IJRBS

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“…E.Cristina's [12]. paper on "Blockchain in e-commerce" provides a short definition of blockchain and highlights its significance.…”

Section: Literature Surveymentioning

confidence: 99%

Safety and Security of E-commerce Transactions Based on Blockchain Technology

Aifang Zhang

2024

jes

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The safety and security of e-commerce transactions are critical in today's digital landscape, where cyber risks abound. Blockchain technology's decentralized, transparent, and immutable ledger system offers a viable solution to these concerns. This study investigates the use of Distributed Ledger Technology (DLT), specifically Decentralized Identifiable Distributed Ledger Technology (DIDLT), in conjunction with the innovative Blockchain Consent Algorithm (BCA), to improve the safety and security of e-commerce transactions. Secure data storage and retrieval in e-commerce can be achieved by accurate digital signature production, key generation, blockchain building, and validation. This paper investigates how DIDLT, which combines decentralized identity management with blockchain technology, and BCA, a cutting-edge consensus algorithm designed for blockchain environments, work together to protect e-commerce transactions from identity theft, payment fraud, and data manipulation. This paper throws insight into DIDLT and BCA's potential to transform the e-commerce safety and security market by providing an in-depth analysis of their implementation. Using the incorporated DIDLT-BCA model significantly improves the safety effectiveness of the network, resulting in 98% security, shorter performance times of as much as 150 milliseconds, and mining times of up to 0.98 s.

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