Blockchain technology is used for safe processing of transactions, secure data storage, improvement in operational efficiency by cutting down unnecessary costs, high-profit margins, and maintenance of a high level of transparency.

The advantages brought in by DeFi solutions for e-commerce are

• It is highly user-friendly ensuring a lot of conveniences while shopping for a desired product or service.

• Referral bonuses are provided whenever the existing users refer new users to the e-commerce platform.

• Merchants can get competitive rates for their products based on the market demand from the customers.

• Loyalty schemes containing rich rewards are provided for the regular users of the platform.

• Robust smart contracts enable a prospective shopper and a merchant to directly connect without the presence of an intermediary.

• New products and services will be regularly added to the shopping platform providing more choice and flexibility to the users.

• Incidents of chargeback and card fraud are prevented due to robust security measures in place.

• Unification is ensured as all the discounts, rewards, and payments can be managed in one address for the users. This prevents unnecessary confusion.

DeFi solutions for e-commerce is a big disruptor in the global retail industry and will take it to the next stage soon.