Heightened demand for the worldwide blockchain in the retail market is expected to drive its value past the $3.27 billion mark by 2028, according to market research organization Facts and Factors.
“Retailers may provide their customers features like record-breaking customer care, traceability, real-time information, and on-time delivery information thanks to blockchain in retail solutions.”
Moreover, blockchain technology plays an instrumental role in showing the precise location of different products, as well as their safety and reliability.
Therefore, the need for enhanced transaction transparency-based solutions is a factor that is anticipated to spur growth in the global blockchain in the retail market.
The report noted:
“Low-cost, secure, and speedy payment processing services are made possible by the blockchain in retail because of the usage of encrypted distributed ledger technology.”
Companies like Loyalty Inc. have already set the ball rolling in this market. For instance,...
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