Next-Gen
E-Commerce Platform
Case Study
Know Our Patrons:
• Existing small or large E-Commerce businesses or brands that are looking for an extra edge to beat the competition in the market.
• Vendors of Premium class products who want to explore innovation
• Businesses or brands that are emerging to web commerce and want to stay tuned to the future.
The Problem
- • Security concerns and vulnerability to fraudulence on Conventional e-commerce platforms
- • Limitation due to lack of crypto payment options
- • No traceability for limited edition copies of premium products and hence prone to duplication and resale of these product editions.
- • Expensive storage requirements to store product details in bulk & customer information.
Challenges
E-commerce businesses and brands are at the doorstep of a major transformation into the world of Web 3.0 and metaverse. Tight race in the conventional E-commerce and persistent hunt for innovation for longer shelf life makes it inevitable for them to hunt for an efficacious solution that addresses all these concerns.
Solution
Senscript’s blockchain-based Next-Gen E-Commerce platform brings a comprehensive quick-fix to various limitations of the conventional E-Com platforms while guaranteeing the essentials for venturing into the future!
• Data Security & immutability: blockchain implementation ensures the security of data, be it customer information, purchase details, preferences, or product-related information. Being decentralized and distributed ledgers that use high-end encryption techniques to store and link data, blockchain-based platforms are resilient to hacking and cyber-attacks and hence the data stored on the network remains immutable.
• Crypto Payments: in tandem with the jet-fast digital payment methods, crypto payments are gaining popularity, especially among elite buyers who may prefer them over the conventional methods. A blockchain-based e-commerce platform makes it possible to pay with popular cryptocurrencies in the market thereby enhancing customer experience.
• NFTs: yet another advantage that blockchain brings to the table, NFTs help sale of unique product copies or editions, and allow customers to own a digital asset or a digital token of a physical product with full traceability of ownership and benefits even after resale. NFT also enhances customer experience with the E-Commerce brand as it is a sign of gratification and implies a valuable digital possession.
• Bulk Storage Capability: Forget the hassle of buying, configuring, and maintaining hefty servers. Blockchain-based cloud storage technologies such as Storj can be employed for bulk storage of product details, customer information, sales information and inventory, etc.
Benefits & Outcomes
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Better Customer experience
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Enhanced ROI
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Future-proof solution
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Embracing the vogue Web 3.0 & metaverse
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Sell, share and trace limited edition product copies
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Mitigate chances of fraudulence, threats, vulnerabilities, and duplication in the trade
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Set a new attraction for the business/brand
Endnote
Major brands across the world such as Gucci, Facebook, Louis Vuitton, etc are adopting Web 3.0 elements into their business and setting the trend. So why wait? Join us to be the early bird in your domain to enjoy a bankable business face-lift while offering your patrons an all-new e-shopping experience.