How Blockchain is improving Retail Commerce?
In the era of conscientious customers, people are caring more about the transparency in the processes being followed for each and everything; they enquire about the systems and truly concerned about the quality, safety, ethics, and environmental impact while buying any product, accessing to any service and before making any transaction. The retail industry is always at the forefront reshaped by the latest and emerging technologies to enhance the customer experience. The power of the cloud, artificial intelligence, machine learning, mobility, blockchain, big data, IoT, robotics, and cloud has unveiled many solutions that have great potential to disrupt the supply chain operations in the retail industry. The main areas where Blockchain is benefitting Retail Market: Transparency : The trust of customers is very hard to earn. Nowadays more and more transactions are happening online, and blockchain underlies the transparency, allowing all parties—supplier, manufacturer,