How is blockchain technology transforming e-commerce?
Blockchain technology is revolutionizing e-commerce by enhancing security, transparency, and efficiency in transactions.
Can you explain how it improves security?
Sure! Blockchain uses cryptographic techniques to secure transactions, making it nearly impossible to alter or hack data.
What about transparency? How does that work?
Transparency is achieved as all transactions are recorded on a public ledger, allowing all parties to verify and trace transactions.
Are there any real-world examples of this in action?
Yes, companies like Walmart and IBM are using blockchain to track supply chains, ensuring product authenticity and safety.
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