Yes, ecommerce adopt Web 3.0 or web3 or semantic web which is the third generation of the world wide web and works in a decentralized form for the users. Which adds many values to each and everyone who uses the internet. In web3 we use Artificial intelligence, blockchain, & machine learning for a supportive user experience. It is simply an idea of using the internet without the help of servers that is the without any central authority.
When it comes to the ecommerce industry, sooner in 2022 web3 will be unlocked or within five years it will be called to action. Web3 in ecommerce is the digital universe that used decentralization and a token-based economy that is built using blockchain technology and concepts which helps in removing the middle form in the equations.
How does ecommerce adopt web 3.0?
The next generation in ecommerce is web 3.0, which is the “ direct to the community ” which mainly focuses on the customer-centric. The plan is to build a decent relationship between the customer and the business and in these ways, ecommerce adopt web 3.0.
Blockchain helps in ecommerce logistics by excluding third-party intermediaries thereby automatically reducing the cost of shipping. For example let us consider beverages shopping if by any chance receiving a beverage in the bad condition, the customer can directly track it through the manufacturer of that beverage and this is possible by blockchain.
Artificial Intelligence in ecommerce helps in progressing insights, web analytics, and surveys which helps in monitoring future products and enhancing the current leading products and features. Bots come in handy when it comes to preferences and recommendations.
Cryptocurrency in e-commerce is buying now and paying later features to help the customers. This enhances bulk purchases by using digital wallets.
Ecommerce in web3 is possible by adding the tokengated commerce, and changing the shopping experience as games, by trying out the metaverse with the acceptance of cryptocurrencies.
I hope it gives you clarity on how ecommerce adopt web 3.0 in the future to come up with all the upgraded facilities that help in massive business growth.
1. what is web 3.0 in ecommerce?
It is a decentralized form that uses Artificial intelligence, blockchain, and machine learning. It is a token-based economy that focuses on customer-centric.
2. explain one real-life example of using web 3.0?
For example, if you want to plan a vacation with affordable packages, you should spend some hours researching the sites that fulfill the requirements. in the future, time consumption is reduced with the help of bots that lists and customize the plans according to the preferences you fill in, by this way ecommerce adopt web 3.0.