Global blockchain dominance has taken over big MNC’s around the world and has been taking over tech sphere in the recent months. This technology has become extremely popular within various domains that are readily adopting and customizing it as per their requirements. There have been several high-profile blockchain related announcements done in the recent time.
One such name on the list is e-commerce market leader Amazon, which is one of the largest corporations in the world. The company has made several blockchain alliances since the beginning of this year and is very enthusiastic about its implementation. Starting earlier in 2018 Amazon explored various ideas, to begin with, the encryption based technology. They have even begun a module dubbed as Blockchain-as-a-Service (BaaS) offering. Certainly, the e-commerce giant has made its first step from a theoretical approach to being practical in the global blockchain market.
The call for to adding in blockchain tools has two diverse faces, one is the changing trend in the e-commerce and another one is seeking opportunities to develop its increasingly vital AWS platform. This technology is considered as a key to innovation in the modern time. Initially, it was taken up by small start-ups, developers and strategists but with time many big players have shown a keen interest in the blockchain, as reported by Investopedia.
How Blockchain Technology Will Affect Retail Of Amazon?
Amazon is undoubtedly the market leader in the field of e-commerce with 44% of e-commerce sales last year and 4% of all retail sales in the US alone. CEO of blockchain-based customer intelligence firm Shopin, Eran Eyal, stated that Amazon is tackling a huge challenge as it is a really big platform for product distribution, marketing and logistical support which is done at the cost of customer service relationship.
Certainly, Amazon’s global blockchain pickup will improvise both business and consumer relationship through a common platform.
The post Global Blockchain News: Amazon Gearing Up For Blockchain Implementation appeared first on OWLT Market.
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