How Blockchain Technology Can Change the Market of Electronic Commerce

Abstract:

Today electronic commerce is one of the fastest developing service sectors in the world. The article considers the prospects of using blockchain technology in the field of electronic commerce both in developed and developing countries. Key points of development of the e-commerce market on a global scale are identified. Main shortcomings of the electronic commerce system are analyzed. Specific instruments related to the blockchain technology able to eliminate these shortcomings are identified.

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