Post by account_disabled on Feb 28, 2024 11:26:30 GMT
Even though Amazon consists of many companies, in this article I will focus on two areas where cryptocurrencies and blockchain can have the greatest impact - Amazon and Amazon Web Services. These are also the areas responsible for approximately of the profits of the entire corporation. Amazon The first of them is, of course, the world's largest online store, or rather a global shopping center, which in was responsible for of all e-commerce in the USA, and the previously discussed model of using collected data from this sector, thanks to which the amazonbasics brand.
One of the flagship demands and implementations of blockchain is getting rid of intermediaries. There are already a lot of projects being created to copy Amazon in a decentralized model using blockchain and cryptocurrencies. Sooner or later one of them Chinese Europe Phone Number List will reach a technological level that will put it on the same shelf as Amazon in terms of usability. One of the most difficult challenges this type of project will face is changing the habits of millions of Amazon users. From the buyer's point of view, advertising a new platform without small commissions for the intermediary is definitely not enough, especially since most of these commissions are borne by the seller.
Some users may be convinced by the argument for greater privacy in a decentralized version of such an endeavor. However, sellers may be the real bargaining chip. Using a database built with the help of third-party sellers to then offer cheaper versions of your most popular products is simply unethical even if it is a brilliant business move. Sellers switching and trying to transfer at least some of their customers to decentralized versions of Amazon will, first of all, result in a decline in the platform's popularity, especially if the largest third-party sellers leave. Secondly, it will result in a reduction in the amount of data provided to the platform due.
One of the flagship demands and implementations of blockchain is getting rid of intermediaries. There are already a lot of projects being created to copy Amazon in a decentralized model using blockchain and cryptocurrencies. Sooner or later one of them Chinese Europe Phone Number List will reach a technological level that will put it on the same shelf as Amazon in terms of usability. One of the most difficult challenges this type of project will face is changing the habits of millions of Amazon users. From the buyer's point of view, advertising a new platform without small commissions for the intermediary is definitely not enough, especially since most of these commissions are borne by the seller.
Some users may be convinced by the argument for greater privacy in a decentralized version of such an endeavor. However, sellers may be the real bargaining chip. Using a database built with the help of third-party sellers to then offer cheaper versions of your most popular products is simply unethical even if it is a brilliant business move. Sellers switching and trying to transfer at least some of their customers to decentralized versions of Amazon will, first of all, result in a decline in the platform's popularity, especially if the largest third-party sellers leave. Secondly, it will result in a reduction in the amount of data provided to the platform due.