Why Using Decentralized Finance for E-commerce

What is E-commerce? Electronic commerce or e-commerce is all buying and selling activities carried out through electronic media.

What are the Types of E-commerce?

You may think that e-commerce only occurs between sellers and buyers. However, e-commerce is actually divided into six types, namely:

1. Business to business (B2B)

A type of e-commerce in which a company sells products or services to other companies. In this type of e-commerce, buyers usually order goods in large quantities. An example is a company that buys office supplies from a manufacturer.

2. Business to consumer (B2C)

In this type of e-commerce, a company sells products or services to consumers. In general, customers in B2C e-commerce only retail. If you've ever bought from an online store, that activity includes B2C.

3. Consumer to consumer (C2C)

Have you ever sold used goods to other people over the internet? These activities are included in this type of e-commerce. C2C is an online transaction between two individuals.

4. Consumer to business (C2B)

In contrast to B2C, C2B is a scenario where someone sells a product or service to a company. For example, A graphic designer offers and sells his logo to a food business.

5. Business to public administration (B2A)

This type of e-commerce is similar to B2B, but the perpetrators are businesses and government agencies. An example of B2A is a website creation service for an online administration system.

6. Consumer to public administration (C2A)

This type of e-commerce works like C2B. However, transactions are carried out by individuals and government agencies. The types of transactions that occur are usually in the form of services.

Why use DeFi for E-Commerce?

Decentralized Finance (DeFi) is definitely a perfect solution for the E-Commerce industry. Utilizing using decentralized finance for e-commerce:

• Create a rich digital shopping experience for the customer because it can provide faster delivery speeds. 
• Real-time supply chain tracking 
• A broader product base 
• Usage of interactive technological tools 
• More significant profit margin 
• Reduced overheads 
• Less resource and time required 
• Zero third-party involvement.

The most important part is DeFi makes the business able to move faster, safer, more secure and lower the operational costs.

Reference: telegram: ddkoin_channel_official

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