Abstract
International Journal of Advance Research in Multidisciplinary, 2024;2(4):60-63
Electronic money and block chain in E-commerce: A new frontier for transactions
Author : CA Payal Akshay Sarda, Dr. Raju Malkar and Akbar Qureshi
Abstract
The rise of electronic money and block chain technology has introduced transformative shifts in the way businesses and consumers engage in e-commerce transactions. With block chain offering decentralized, transparent, and secure solutions, and electronic money like Bitcoin and Ethereal providing an alternative to traditional currency, e-commerce stands at the brink of a digital revolution.
This paper explores the integration of electronic money and block chain in e-commerce, analysing their potential to disrupt traditional payment systems, improve transaction security, and create new business models. It also highlights the challenges that businesses and consumers face in adopting these technologies. Through a review of current trends and an exploration of real-world case studies, this research aims to provide insights into the future of e-commerce in the digital age.
Keywords
Electronic money, block chain, e-commerce, digital payments, electronic money adoption, block chain in e-commerce, decentralization, security, smart contracts, payment systems