Blockchain may make e-commerce cheaper, fairer

San Francisco: Blockchain-based system that allows buyers and sellers to interact directly can make e-commerce platform for digital goods “cheat proof” and the products cheaper, says a study by India-origin researchers.

Blockchains allow multiple stakeholders to transact money or data virtually over linked peer-to-peer computer networks.

Besides Blockchain, their proposed solution involves “smart contracts” and game theory.