For non-experts, blockchain hit the international news when Bitcoin became famous, the cryptocurrency that has recently seen surges and collapses in its value, but in reality it is a digital instrument that does not only concern this narrow area. The block chain, to define it in Italian, is one of the technologies behind secure payments on the internet and beyond. What is blockchain and how does it work? The blockchain is a sort of digital register structured and made up of a chain of pages, which are called blocks, and linked to each other following a chronological order. The reason for the name of this digital system is now clear.
Security is given by the use of cryptography and the fact that the contents of the blocks cannot be changed without compromising the entire chain structure. On Wikipedia the structure of the blockchain is defined as follows: “it is a decentralized, distributed and public digital ledger that is used to record transactions on multiple computers in such a way that any record involved cannot be modified retroactively, without the alteration of all subsequent blocks" . Download the free eBook to find out all Macedonia WhatsApp Number List the information about data and best practices on Ecommerce in 2019 Blockchain for ecommerce Blockchain for ecommerce Blockchain is a technology that is expanding together with the dizzying proliferation of e-commerce and concerns various areas of online commerce: Smart Contracts Product description Inventory management Payments.
Smart Contracts can be understood as software that is stored in blockchain and which allows you to automate activities pre-established by the rules inserted into the program. Product descriptions can also benefit from this secure block technology. The images and all the information can be shared without problems between all those who operate on e-commerce and who are authorized. Inventory control is another function that is made more efficient by using smart contracts and blockchain . It is possible to automate functions that remove certain products from the online store, for example those that arrive at a pre-determined deadline, or that manage the quantities of items and order those that are running out.