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- Retail Security: How Blockchain Could Transform the Shopping Experience
Retail Security: How Blockchain Could Transform the Shopping Experience
Reinventing Retail Cybersecurity and Safeguarding Consumer Data
Theory & Proposal
…while digital advancements have inspired new opportunities for organizations to reach prospective clients more easily, it has equally exposed them to more cybersecurity risks
Imagine this – have you ever purchased a new game or a brand name product on the Internet? You added the item to your online shopping cart and then paid for it, only to finally worry if you accidentally ordered some knock-off? Now imagine if you had a way to track the product’s life cycle from the factory gate to your front door.
A blockchain does just that – in simple terms, it is a digital ledger that documents everything. It can dramatically change the way we protect our transactions and personal information in the complex world of retail. The given research examines how blockchain might be used to strengthen supply chain integrity and protect sensitive information transmitted via transactions. The way we secure transactions and protect data in the retail world could be changed forever. Implementing blockchain solutions in retail cybersecurity can lead to greater transparency, trust, and efficiency in the industry.
Findings
The findings outline the capability of blockchain technology to diminish risks, enhance transparency, and affirm trust in retail cybersecurity
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