It’s MBA Dissertation – Research/Hypo part
Blockchain in E-Commerce, payment-systems based on Blockchain Hypothesis 01 / System decentralization and peer-to-peer settlements The decentralized future of e-commerce is an element that changes the current perception of a stable payment system based on banking infrastructure. Research and analysis of the assumption that the future of e-commerce will be based on blockchain technology in a decentralized system. Large e-commerce platforms, accept payments in the form of cryptocurrencies. Stability and guarantee of an optimal approach to intermediaries will be based on the Peer-to-Peer exchange. One of the main advantages of accepting payments in the form of cryptocurrencies is that there are no intermediaries in this. Bitcoin’s peer-to-peer technology is designed to facilitate (at least in theory) instant, cheap and secure settlement of value without the intervention of any intermediary (ie Banks or other financial institutions). Hypothesis question: Will The future of e-commerce be based on blockchain technology in a decentralized system? Hypothesis 02 / Synergy effect – cooperation with the bank payment market The development of technologies and the growing awareness of the possibilities of blockchain give the possibility of cooperation of stable regulatory banking systems with the agile development of blockchain-based systems. Research and analysis of the potential benefits of combining and working with these systems. Hypothesis question: Will cooperation of stable regulatory banking systems with the agile development of blockchain-based systems be the root for future financial system? Hypothesis 03 / Security Secure transactions will be the primary convincing value of investors and system users to use new innovative methods of payment in e-commerce. The main advantage of using cryptocurrencies in e-commerce transactions is protection against fraud. Cryptographic payments are secure and irreversible because all atomic operation / transactions are registered on blockchain and funds are blocked in the public key (cryptography system). Also, the way in what payment takes place, provides a level of encryption are strong. Decentralized blockchain information is virtually impossible to hack/break. Hypothesis question: Will Secure transactions be the primary convincing value of investors and system users to use new innovative methods of payment in e-commerce? Hypothesis 04 / Profitability and stability of financial forecasts Lower transaction fees as a basic factor influencing the development and benefits resulting from the use of blockchain and crypto-based systems. Retailers and consumers can use cryptocurrency transactions. Payment systems based on cryptocurrencies charge an average payment of 1% on payments. Compared to credit card-based systems, the handling fee may amount to 3%. Hypothesis question: Lower transaction fees will be basic factor influencing the development and benefits resulting from the use of blockchain and crypto-based systems.