Ecommerce has been around longer than we often think. Looking at the history, it began in the 1970s, with the invention of email, but really took off with the dawn of the internet in 1990, during which time Amazon and eBay were the frontrunners.
Ecommerce is one of the most important facets of the Internet to have emerged in the recent times. Ecommerce or electronic commerce involves carrying out business over the Internet with the assistance of computers, which are linked to each other forming a network. To be specific ecommerce would be buying and selling of goods and services and transfer of funds through digital communications. Nielsen a well-known researcher has published new statistics on the overall online shopping trends – Over 875 Million Consumers Have Shopped Online – the Number of Internet Shoppers Up 40% in Two Years. The market for buying online is to soar in the next 5 years.
The benefits of Ecommerce
- Ecommerce allows people to carry out businesses without the barriers of time or distance. One can log on to the Internet at any point in time, be it day or night and purchase or sell anything one desires at a single click of the mouse.
- The direct cost-of-sale for an order taken from a website is lower than through traditional means (retail, paper-based), as there is no human interaction during the on-line electronic purchase order process. Also, electronic selling virtually eliminates processing errors, as well as being faster and more convenient for the visitor.
The worldwide online retail market has a growing potential. More and more consumers are looking for convenient, informed and satisfying shopping experiences online. They are using the internet to research price, quality and delivery options, and sharing ideas and opinions on social networks. Online retailers are expanding rapidly across borders. By entering diverse and challenging markets worldwide, do they need a phone contact number at all?
According to a recent survey by Forrester, phone support continues to be the most popular support channel. It seems, that despite all the efforts of call centers looking for ways to help customers help themselves (via email, online chat or even mobile apps), and 79% of customers prefer a one-on-one conversation. In other words: call centers are here to stay.
Blockchain ecommerce model
ECommerce on the blockchain would be a fascinating animal. I’m not discussing an eCommerce shop that acknowledges bitcoin or even ethereum, a couple of those as of now exist. I am discussing one that heats the blockchain directly into it’s extremely fabri. eCommerce could use such a large number of properties of the blockchain to totally overturn the current models.
There are evident wins eCommerce could pick up from the blockchain but also some not so obvious.
Most evident are the low charges. The current financial system makes money skip around a considerable measure of organizations and includes middle men to make sure it lands from a client’s hands into the merchants. These middle men all need a cut, one of the huge points of interest that the blockchain conveys to the table is that the 2.9% in credit card fees vanish. That is an expense you pay when you purchase and offer anything on the web today. That may not seem like much but rather in a diversion where competitors are draining each other dry and the edges are a couple of rate focuses, that is make or break.
A sample of how the Copico automated negotiation system works is detailed here with an example: A buyer by name James wants to buy a laptop and his budget is below the given price. He can choose the product and enter his bargain price and this message is transferred to the database.
From the seller end he inputs a set of minimum and maximum price that he is comfortable to achieve his level of selling satisfaction. Only when both the price matches the deal will be successful. The negotiation price won’t remain the same all the time and it fluctuate between the minimum and maximum price set by the seller. All these transactions are recorded on a blockhain so that there will be no chance of fraud or tamper of data. All these transactions are done at a high speed for the buyer satisfaction. Although the real time implementation will be slight different from the one explained here, the idea is the same.
Acquiring Copico coins shall not grant any right or influence over Copico organization and governance to the purchaser. Regulatory authorities are carefully scrutinizing businesses and operations associated to cryptocurrencies in the world. In the respect, regulatory measures, investigations or actions may impact Copico business and even limit or prevent it from developing its operations in the future.
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