How does blockchain enhance security in e-commerce?
An example of an AI chatbot conversation about blockchain's role in e-commerce security.
How does blockchain enhance security in e-commerce?
Blockchain enhances security in e-commerce by providing a decentralized ledger that ensures transparency and immutability of transactions.
Can you explain how this transparency works?
Sure! Each transaction is recorded in a block and linked to the previous one, making it nearly impossible to alter past records without detection.
What about fraud prevention?
Blockchain helps prevent fraud by allowing users to verify transactions independently, reducing the risk of chargebacks and unauthorized access.
Are there any real-world examples of this in action?
Yes, companies like Overstock and Shopify are using blockchain to secure transactions and enhance customer trust.
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