Blockchain technology is currently being considered as one of the most disruptive innovations in the current innovation stage. It is one of the most advanced changes that have a direct impact in various industries such as the banking industry, energy industry, and trade among others. Most of the companies around the world have been incorporating multiple strategies that will help them to operate effectively by taking advantage of blockchain technology. JD.com, which is an e-commerce organization, has incorporated some strategies that will change how individuals view e-commerce.
Most of the customers who use the services offered by JD.com pay through PayPal and other leading payment options around the world. However, these methods of paying for goods bought have proved very unreliable, and reworking of these strategies has been requested for many years. People want payment options that don’t expose their personal information to the members of the public and cybercriminals. The methods in use don’t guarantee that, which blockchain technology will provide a foolproof of personal data.
This means that blockchain technology will provide another payment option, which will help the customers to choose what they think is right and efficient for them. Besides being an alternative payment option, blockchain technology is turning out to be a useful technological innovation to e-commerce companies like JD.com. Most of these companies have been storing their data through a centralized system. This means that criminals can easily access large data and manipulate it or steal some vital data that could cripple an e-commerce company. News has previously emerged where e-commerce companies have lost data.
However, blockchain technology has enabled companies to store sensitive data through decentralized platforms. This means that JD.com can store all the data collected from customers in various files, which have water-tight security. Cybercriminals will not be able to access such data. This explains why there is a huge push for large organizations to use this technology in data protection.
Finally, transparency has been a major issue of concern in the e-commerce industry. Giant e-commerce companies have been blocking merchant websites with no explanation. JD.com is using blockchain technology to make e-commerce a transparent marketplace where all involved parties can enjoy.
To know more click: here.