Breaking News: SAFCOIN, an exclusively African focused crypto-currency, Trading now 21 March 2019 for 1 SAF = ZAR 85.01
  • Blockchain

The Blockchain Will Focus on Efficiency

In future Blockchain and virtual currencies will become widespread. It will produce a radical change in the field of online commerce. The public will see more and more new platforms in the transactions between merchants and customers.

Bank fraud will be reduced and with this change it will set up a sharing economy where the banks and collaborative platforms will no longer have their place.

E-commerce websites will have to follow this new trend. The high volume of websites have high volumes of competitors and it will be a top line of innovation.

The main advantage for e-commerce companies is to exclude the middleman. Therefore transaction costs will be minimized. This feature will attract more new customers and will open up international sales.

For the e-merchants, the interest will be to eliminate the intermediaries on the online platforms.