Blockchain for Secure and Transparent Online Transactions in eCommerce
DOI:
https://doi.org/10.63345/Keywords:
eCommerce, Blockchain, security, transparency, fraud prevention, trustAbstract
The rapid evolution of eCommerce has introduced significant concerns regarding security, transparency, and trust in online transactions. Traditional online payment systems rely on centralized authorities, making them vulnerable to cyber-attacks, fraud, and data breaches. Blockchain technology, with its decentralized and immutable nature, provides a promising solution to these challenges. By utilizing cryptographic techniques and distributed ledger mechanisms, blockchain ensures transactional integrity, minimizes fraud, and enhances consumer trust. This paper explores the application of blockchain in eCommerce, emphasizing its potential to enhance transaction security, reduce fraud, and ensure transparency.
Through an extensive literature review, statistical analysis, and case studies, the study evaluates the effectiveness of blockchain integration in the online marketplace. The findings suggest that blockchain-based systems improve transactional integrity, mitigate cyber threats, and foster consumer trust. Future research should focus on scalability and regulatory challenges for widespread adoption.
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