Digital Transformation: How the emergence of e-commerce and blockchain will change trade

There is no future of trade without digital transformation

The COVID-19 pandemic has accelerated a great leap in e-commerce worldwide, changing the nature of trade over goods and services. E-commerce will take its good share of global trade until the year 2030, at a time when businesses are bound increasingly to digital platforms through customers from other countries.

Another key feature would be blockchain technology, which would enable efficient, transparent, and secure transaction. Easy cross-border trade that is not third party would be able to have minimal frauds that reduce cost and time within transactions. Smart contracts powered with blockchain help automate much within the entire trade process; therefore, trade would be more efficient devoid of some disputes.

2. Artificial Intelligence and Automation in Trade Logistics

Logistics and supply chain are currently undergoing a revolution fueled by AI, robotics, and automation. The future of AI-driven systems includes optimized shipping routes, real-time inventory management, and very accurate forecasting. Autonomous vehicles and drones will constitute delivery with much less human labor augmentation for fast delivery.