What is blockchain in e-commerce?
Ans. Blockchain in e-commerce is a decentralized, distributed ledger technology that records transactions securely and transparently across a network of nodes. It ensures data is tamper-proof and trustworthy, helping e-commerce businesses improve security, transparency, and efficiency in digital marketplace transactions.
What do I need to know about blockchain?
Ans. Blockchain is a shared, immutable digital ledger that records transactions and tracks assets within a business network. It works as a decentralized, distributed database stored across multiple computers, providing transparency, security, and a single source of truth resistant to tampering.
What are the 4 types of blockchain?
Ans. The four types of blockchain are Public, Private, Consortium, and Hybrid. Public blockchains are open and decentralized; private blockchains are controlled by one organization; consortium blockchains are governed by multiple organizations; hybrid blockchains combine public and private features for flexible enterprise use cases.
What skills are needed for blockchain?
Ans. To work in blockchain, you need programming skills, an understanding of blockchain architecture, knowledge of cryptography, experience with smart contracts and decentralized applications (DApps), and familiarity with blockchain frameworks and platforms. These skills help develop secure, scalable blockchain solutions.
What are the 4 types of e-commerce?
Ans. The four main types of e-commerce are B2B (Business-to-Business), B2C (Business-to-Consumer), C2C (Consumer-to-Consumer), and C2B (Consumer-to-Business). These models define how goods or services are exchanged between businesses and consumers in online marketplaces.
