State the impact of Block chain technology with respect to E-commerce.

Block Chain Impact on E-Commerce! Block-chain technology is useful for the e-commerce industry. Some of its advantages are:

• It is always open source and other users or developers can modify it as they want it to be.

• It is a great technology for storing financial records.

• It allows peer-to-peer and business-to-business transactions without a third party.

• It reduces costs to the user or businesses over time.

• All users collectively retain control.

• Users and developers get to call the shots.

Block chain will be the driving force for ecommerce in the future because of the following reasons:

(a) Better Supply Chain Tracking and Monitoring

(b) Provenance Tracking

(d) Secure Platform for e-Commerce.

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