CIOApplications
  • Home
  • Applications
      • Bioinformatics
      • Blockchain
      • BPM
      • Business Continuity
      • Business Intelligence
      • Collaboration
      • Configuration Management
      • CPQ
      • Container Management
      • CEM
      • Data Platform
      • Data Preparation
      • DMS
      • e-Discovery
      • Employee Engagement
      • EAM
      • Enterprise Communications
      • Enterprise Mobility
      • ERP
      • GIS
      • GRC
      • Human Resource
      • Innovation Management
      • Inventory Management
      • IT Infrastructure
      • IT Service Management
      • IT Services
      • Low Code
      • Managed IT Services
      • Marketing
      • Master Data Management
      • Mobile Application
      • Portal Software
      • Procurement
      • Project Management
      • Remote Monitoring
      • Remote Support
      • Sales
      • Software Asset Management
      • Software Testing
      • Supply Chain
      • Task Management
      • Unified Communications
      • Voice Recognition
      • Workflow
  • Verticals
      • Aerospace & Defense
      • Automotive
      • Banking
      • BioTechnology
      • Casino
      • Construction
      • Contact Center
      • E-commerce
      • Education
      • Field Service
      • Fintech
      • Food and Beverages
      • Government
      • Healthcare
      • Insurance
      • Legal
      • Life Sciences
      • Logistics
      • Manufacturing
      • Media and Entertainment
      • Oil & Gas
      • Retail
      • Space Tech
      • Telecom
      • Travel and Hospitality
      • Utilities
  • Technologies
      • API
      • Artificial Intelligence
      • Augmented Reality
      • Big Data
      • Chatbot
      • Cloud
      • Content Delivery Network
      • Cyber Security
      • Data Center
      • DevOps
      • Distributed Technology
      • Drone
      • Enterprise Architecture
      • Enterprise Search
      • Enterprise Startups
      • Graphics
      • HPC
      • IoT
      • Java
      • Load Balancing
      • Machine Learning
      • Machine to Machine
      • Machine Vision and Imaging
      • Nano Tech
      • Predictive Analytics
      • Robotic Process Automation
      • Robotics
      • Security
      • Telematics
      • Testing
      • Video Surveillance
      • Virtual Assistant
      • Wireless
  • Partner Network
      • Adobe
      • Amazon
      • Avaya
      • ESRI Partner
      • IBM
      • Infor Solutions
      • Microsoft
      • Mitel Partners
      • National Instruments
      • NetSuite
      • Nintex
      • Oracle
      • Progress
      • Salesforce
      • SAP
      • ServiceNow
      • SiteCore
  • News
  • conferences
  • Newsletter
  • About us
×
news

Subscribe to our Newsletter

Become a member of our mailing list for the latest articles, news, and exclusive insights.

news
news

Enter Your Email Address:

Thank you for subscribing with us. We sent you an email regarding this.

loading
SUBSCRIBE
  • Home
  • Retail
Editor's Pick (1 - 4 of 8)
left
Retailers Expand Use of Technology Solutions

Retailers Expand Use of Technology Solutions
Tyler Benster, High Tech Evangelist, MecklerMedia

AI becomes

AI becomes "Personal"
Sherif Mityas, CIO and CSO, TGI Fridays

Gaining 360 Degree View of Consumers

Gaining 360 Degree View of Consumers
Sahal Laher, SVP, Chief Digital & Information Officer, Destination XL Group, Inc. [NASDAQ: DXLG]

The Digital Journey

The Digital Journey
Dan Adam, CIO, Extreme Networks

Mutually benefitting Technology

Mutually benefitting Technology
Susan Doniz, Global CIO, Aimia

Security Implementation In Retail Directly Proportional To System Access

Security Implementation In Retail Directly Proportional To System...
Nick Spann, VP, Information Systems & CIO, WilcoHess

Retail: It's All About 'Experience'

Retail: It's All About 'Experience'
Paul Scorza, CIO & EVP, I.T., Ahold Delhaize Company

E-Commerce's Future requires New Thinking & New Practices to Succeed

E-Commerce's Future requires New Thinking & New Practices to Succeed
Jayson Serrault, Chief Marketing and Technology Officer, Batteries Plus Bulbs

right

Blockchain: new sensation in the retail sector

By CIO Applications| Tuesday, January 29, 2019
Tweet

BlockchainBlockchain technology has established its foothold with the potential of transforming the retail industry. It has the ability to maintain supply chain data, chain-of-custody information, and support autonomous transactions. Also brings trust by ensuring customers about disparate retail supply chain partners.

The technology is a distributed ledger, which helps decentralized architecture as it provides the same, verified information to all network members. The inclusion of this technology is growing across multiple industries and international businesses. Following are some the key ways the blockchain is encouraging the retail industry:

Supply chain management: As the complexities in the supply chain are increasing, the blockchain is able to drive greater efficiency by allowing collaboration and bringing transactional transparency between manufacturers, distributors, shipping carriers, and retailers. Also, the technology works methodically in dealing with perishable or luxury goods.

Consumer data: The technology delivers security and transparency by reducing data fraudulence as it enables collaboration between stakeholders and consumers. It stores the consumer data. Retailers who collect and retain customer data today embrace open and transparent this technology-based models to have a positive impact on operations and public relations level.

Payments: Nowadays cryptocurrencies offer advantages like cross-border payments and micro-payments. Also, they help the businesses where the size of payments and a large number of international transactions take place. Blockchain enables the use of cryptocurrencies as a medium of exchanging value or data. Moreover, the use of this technology eases the accounting and financial burdens on organizations during supply chain, inventory management, instant collection and payments, automated refunds, or insurance settlements.

Check out: Retail Tech Consulting/Implementation Services Companies(Go Think!, Cradlepoint, Riversand).

Loyalty and rewards: Blockchain offers real-time liquidity, makes transparent communication between consumers and retailers. It allows retailers to get the customer-insights. Also, enables retailers to expand loyalty partnerships without adding complexity and increase brand awareness.

Today customer experience professionals should be aware of the potential of this technology. Embracing blockchain in the retail sector makes the later productive, profitable, and competitive.   

Read Also

Blockchain Penetrates Retail Trade: Opportunities for Businesses

Blockchain Penetrates Retail Trade: Opportunities for Businesses

Key Features of an Optimal POS Software

Key Features of an Optimal POS Software

Trends that are Shaping Up the Retail industry

Trends that are Shaping Up the Retail industry

Impact of Blockchain on Retail Industry

Impact of Blockchain on Retail Industry

New Editions

  • COVEO: Making Business Personal
  • Procore Technologies: Pioneering A Cloud-Ready Construction Ecosystem
  • Alacrinet: One-Stop Security Shop For Enterprises

Featured Vendors

  • Creatuity: Modernizing Retail Strategies with Omnichannel Solutions
    Creatuity: Modernizing Retail Strategies with Omnichannel Solutions
  • Glory: Recycle. Reinvest. Reinvent.
    Glory: Recycle. Reinvest. Reinvent.
  • Agilence: Empowering Organizations to Make Informed Decisions
    Agilence: Empowering Organizations to Make Informed Decisions
  • Riversand:  Proffering Integrated Omni-Channel Experience
    Riversand: Proffering Integrated Omni-Channel Experience

Copyright © 2019 CIOApplications. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap  |  Subscribe

follow on linkedin follow on twitter follow on rss
This content is copyright protected close

However, if you would like to share the information in this article, you may use the link below:

https://www.cioapplications.com/news/blockchain-new-sensation-in-the-retail-sector-nid-3171.html