Retail

Why Prefer Blockchain Development for Retail?

Enterprise You can always control your supply chain and inventory thanks to blockchain development's decentralized nature. It permits the timely and accurate receipt of payments and delivery of goods to customers. Blockchain offers supply chain transparency, delivery confirmation, and authenticity proof. Proof of authenticity aids retail establishments in validating business owners and authenticating the uniqueness of the product to get rid of counterfeit goods. Customers will always obtain real-time delivery status thanks to proof of delivery. Transparency in the supply chain eliminates long-term products by reducing differences between buyers and sellers. The use of blockchain in manufacturing and retail can decrease the amount of counterfeit goods .

Transparency in the supply chain eliminates long-term products by reducing differences between buyers and sellers. The use of blockchain in manufacturing and retail can decrease the amount of counterfeit items, distribute goods with unchangeable warranties and insurance plans, and offer immediate logistical help.

Blockchain Business Models for Retail

Blockchain for e-Commerce

Offer alternate payment methods, speed up transactions with increased security, and boost order fulfillment

Blockchain for General Merchandise Stores

Offer evidence of authenticity for each item sold, and enhance value by creating unique client loyalty programs.

Blockchain for Restaurants

Connect with neighborhood eateries and provide items that are accurate, high-quality, and diverse.

Types of Blockchain

  • Private Blockchain

    Protect your retail customer data and make payments securely. Here only selected people can be a part of the system.

  • Public Blockchain

    Choose sellers and products from different alternative options. Here anyone can be a part of the system.

Blockchain Development Services for Retail Sector

Automate Retail Services

Automatically receive customer data to customize products

Manage Inventory

Analyze inventory 24X7 to eliminate long shelved products

Development of Smart Contracts

Enhance accountability of suppliers to receive products without delay

Development of HOT Wallets

Provide users with multiple payment options using cryptocurrency

Development of KYC

Authenticate and validate the credibility of your customer

Digital Marketing using Blockchain

Go from local to global markets quickly by directly connecting with customers

Retail Authenticity Certification

Verify the authenticity and credibility of retail outlets to enhance customer trust

Real-time Supply Chain Tracking

Track orders placed in real-time and be informed of order status 24X7

Creation of Loyalty Smart Programs

Analyze your customers and identify loyal customers to provide special benefits

Here’s Why You Should Hire SoluLab for Blockchain in Retail

Create Incentive programs for loyal customers with reward options and bonus

Dedicated retail blockchain experts create opportunistic retail services

Enhance customer purchasing experience

Accessibility to locate suppliers in realtime

Deliver products at lower cost without compromising quality

Enhance trust, loyalty among everyone and safeguard identity

Technology and Tools We Use

  • Ethereum

    Enables developers to build and deploy decentralized applications

  • Hyperledger

    A shared ledger that utilizes cryptography and supports smart contracts

  • Solidity

    A statically-typed programming language designed for developing smart contracts

  • Truffle

    Act as a developer environment and testing framework for blockchain technology

  • R3 Corda

    Open source blockchain designed specifically to meet the demands of modern day businesses

  • Ripple

    Provides one frictionless experience for sending and receiving money globally

  • Quorum

    Platform that addresses specific challenges to blockchain technology adoption within the financial industry and beyond

  • IOTA

    Open-source distributed ledger built to power the Machine Economy through fee-less micro-transactions and data integrity