Future of eCommerce with Blockchain | Furlough Weekly
📅 [Aug 23, 2021]
in Petri dishes. And if that wasn’t all, they have developed functional eyes, too.We don’t know about you, but we’re shaking. Hopefully, we don’t see any Furlough clones running around any time soon.In this week’s issue:
- There Is a World After Bitcoin for Blockchain. And It Isn’t Another Crypto.
- Keep Calm and Carry On Winning.
There Is a World After Bitcoin for Blockchain. And It Isn’t Another Crypto.
Bitcoin is not as new as you think.
The cryptocurrency has been around for almost 12 years. In these last few years, it has been made extremely profitable with the help of blockchain technology. However, blockchain can be used for much more than just crypto.
Adriana Zubieta breaks down the future of blockchain in one of the most popular forms of marketing: e-commerce.
This is what the problem is in e-comm.
Attacks. It is one of the biggest issues facing online store owners today. And it is not hard to see why. There has been a 129% year-over-year growth in e-commerce sales.
With more shopping happening online, the target is now bigger than ever for malicious attackers.
There is a solution.
Blockchain would (in theory) replace centralized third parties, like Amazon, for software on a computer network. All information on the blockchain is codified for security and cannot be changed or removed.
By using blockchain technology, store owners would be able to decentralize their stores and stack the odds in their favor. Why? Because by decentralizing their stores using blockchain, it becomes more expensive to create an attack than it is profitable to steal data or funds.
How blockchain works.
Say you’re selling a purse online. You have a number of conditions that need to be met.
- eStore offers the purse
- Buyers sends money
- eStore sends purse
- When the buyers receives the purse, the eStore receives payment
In a decentralized app, all the information is managed on the blockchain with the help of Smart Contracts (stored programs that execute when a condition is met). It would check that all the tasks have been completed. If they have, the contract is executed.
It’s already cooking.
There are already many companies already starting the development of Dapps (decentralized applications). Though the legality is still a little uncertain at the moment, the work is being done in legislation to create a clear avenue for store owners to take advantage of this tech.
What we think: There is definitely a time and a place for everything. The time for e-commerce and blockchain is coming sooner than later. Start planning out how to bring it into your business now.
Keep Calm and Carry On Winning.
Everyone stay calm and HODL!
Bodgan just scored a marketing assistant position at Bitcoin.com! We have no doubt that he will be exposed to a lot of key information in the crypto space. With that in mind, we’re counting on him to give us the scoop on all the latest Bitcoin news.
But that’s not all…
We’vegot a double whammy of wins in the Furlough community this week!
Everyone’s favorite SEO whiz, Zane closed a new client based in New Zealand, that coaches business owners and leaders. A huge congratulations to you Zane!
The beauty of the digital marketing space is that we have the ability to work anywhere in the world! With so many wins in the community as of late, it’s really showing just how powerful our global, collaborative community here at Furlough is.
Keep pushing forward for those wins Furlough Fam. We are proud of each and every one of you!
You are presented with two doors – one leading to Freedom, the other to Death.
Each door has a guard, with one always lying and the other always telling the truth. For both the doors and the guards, you don’t know which one is which.
With just one question/request to one of the guards, how do you find the door of Freedom?
- ADVERTISING: You need to check out the latest Pepsi Campaign. Trust us.
- SOCIAL MEDIA: The new TIkTok innovation that can get you 50% high click-through rates.
- FREELANCERS: This strategy will help you close your next client.
- DESIGN: This free UI icon set is so good, that it should be paid.
Stay tuned for more insights and community news next week.