In this world of cashless payments and even stores without staff, several potential problems arise. How would stores manage the risk associated with theft and fraud? How would stores without people in them know when to order new stock? How would retail stores function efficiently without people to monitor them?<\/p>\n
Bitcoin enterprise blockchain can help solve some of these problems. It\u2019s already doing so, with owners of everything from digital stores to construction companies benefiting from its unmatched capabilities.<\/p>\n
Since Bitcoin is a peer-to-peer electronic cash system<\/em>, it could allow customers to pay for items by doing nothing more than scanning their items and then scanning a QR code linked to their digital wallets. Since, unlike today\u2019s card payments, Bitcoin allows for fast settlement, fraud could become much less prevalent and the costs associated with chargebacks, a major pain point for merchants which often cost two or three times the value of the transaction, could be largely eliminated.<\/p>\n Customers wouldn\u2019t even have to use bitcoins, although that\u2019s much easier now thanks to companies like Anypay. Instead, they could pay in the fiat currencies they\u2019re used to.<\/p>\n Not just about cashless payments<\/strong><\/p>\n Additionally, Bitcoin enterprise blockchain allows for real-time collection and storage of data. This would allow for to-the-second monitoring of stock supplies and automated alerts when they reach certain thresholds. Imagine a store that automatically alerts its nearest warehouse when it needs to reorder specific items. That\u2019s already possible today and will become easier and more efficient with blockchain solutions like BSV.<\/p>\n The data management capabilities this blockchain allows enable much more than monitoring stock. Discovering inefficiencies, previously unrecognized patterns in customer behaviour, and many other insights becomes possible when all the data is securely stored on the BSV blockchain.<\/p>\n As for customers, they could receive rewards and be incentivized to behave in certain ways. A small payment back to a customer\u2019s wallet for purchasing specific items, rewards points for referring friends to the store, or coupons linked to items they\u2019re interested in arriving in their wallets with their consent all become relatively easy to achieve.<\/p>\n BSV blockchain opens new possibilities<\/strong><\/p>\n It\u2019s true that cashless stores are picking up steam now that more people are ready to embrace them. But the cashless payments are just the beginning. Think stores with cashless payments, real-time data collection\/storage, and rewards delivered on the spot for desirable consumer behaviour, and you\u2019re getting closer to what Bitcoin enables.<\/p>\n What Bitcoin really is and the type of world it will make possible is still understood by very few people. It\u2019s much more than a digital coin. It\u2019s the fusion of data and money into an all-encompassing system that makes cashless payments and much more possible. It has the potential to revitalize retail and give it back many of the competitive edges it lost to online rivals in the past couple of decades. Those who embrace it first will benefit most.<\/p>\n Watch: CoinGeek Zurich panel, Consumer Payments, Incentives & Rewards with Bitcoin<\/p>\n frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture” allowfullscreen><\/iframe><\/noscript><\/p>\n