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Shoppers Delight - A web3 integrated E-Commerce application for comparative analysis | IEEE Conference Publication | IEEE Xplore

Shoppers Delight - A web3 integrated E-Commerce application for comparative analysis


Abstract:

Websites are a great place for marketers to use new technologies to optimize the price of their products. The idea is to increase the conversion rate of users into custom...Show More

Abstract:

Websites are a great place for marketers to use new technologies to optimize the price of their products. The idea is to increase the conversion rate of users into customers. With the help of our Shoppers Delight, the owner has a better understanding of its rivals and can set variable rates depending on their costs. Paper aims to provide solutions for vendors to sell products at a good deal and save their valuable time, effort, and money. The best deals will be clearly highlighted on the websites. Web3.0 technologies are an emerging set of technologies that have the potential to impact the way we interact with the internet. These technologies focus on creating a user-friendly interface that users could operate at their own pace, with a wider range of functionality in a couple of clicks. Websites will be more interactive, 3D and seamless. They will have built-in payment gateways and offer online services. The web3.0 is a new internet protocol that is decentralized and peer-to-peer.
Date of Conference: 08-09 December 2023
Date Added to IEEE Xplore: 04 March 2024
ISBN Information:
Conference Location: Mumbai, India

I. Introduction

The web is getting more and more complex with each passing day. There was a time when websites didn’t have to be anything fancy. But now, people expect digital storefronts to be loaded with interactive features and a myriad of choices in order to increase their conversion rates and keep the site fresh. An ecommerce website is a business entity that sells products on the Internet. In order to run your ecommerce website, it must be properly architected to perform tasks that make up a typical shopping experience. Web3.0 technologies will help you build an architecture of your choice, whether you want it to be scalable or simply create an enjoyable and efficient browsing experience for your customers. Web3.0 technologies are an emerging set of technologies that have the potential to impact the future of websites and the way we interact with the internet. These technologies focus on creating a user-friendly interface that users could operate at their own pace, with a wider range of functionality in a couple of clicks. Over time, technology has evolved so that these websites become more powerful and user friendly. Instead of using static HTML documents, we have now developed websites that use very rich media systems like JavaScript libraries to make interaction more enjoyable for the user. Web 3.0 is an upcoming technology revolution happening right now. Websites will be more interactive, 3D and seamless. They will have built-in payment gateways and offer online services. The buzz word in the tech industry today is all about blockchain technology. Blockchain is a new way that has been invented that allows people to transfer digital currency and information without having to go through a trusted central authority. It exists on computers as a distributed ledger with an identical copy on each computer connected to the network. The program can be used as digital money by individuals and companies in real time without the need for a bank account or credit cards. Blockchain is the infrastructure that powers Bitcoin, a cryptocurrency which is now being used by millions of people around the world. Since its creation, many have seen cryptocurrency as an alternative to regular fiat currency, while some think it can be much more than just money. Blockchain technology has also given rise to many innovative ideas and solutions which could change the way we work and live in future societies. The web3.0 is a new internet protocol that is decentralized and peer-to-peer, which means the web3.0 is operated by its users, not by a central company or organization. This is called Web 3.0 because it includes the first two versions of the internet i.e. first is World Wide Web (WWW) and the second is Hypertext Transfer Protocol (HTTP). However, Web 3.0 encompasses additional protocols like File Transfer Protocol (FTP), it also consists of Network News Transfer Protocol (NNTP), Gopher and Telnet, among others, which were not part of the WWW or HTTP. The whole idea behind this protocol is to create a new internet where users oversee their data and content, instead of being at the mercy of centralized companies like Facebook, Google or Amazon who can change the rules at any time without asking for permission from their users. Web3.0 is the next generation of web development that integrates blockchain technology. Blockchain technology has been around for a few years and is now being used to create a new web3.0. The blockchain is a decentralized ledger with records that are time-stamped and immutable, which may be why it’s being used to create the next generation of the web. With the help of the browser plugin Metamask, users may browse DApps and interact with the Ethereum blockchain without having to operate a full Ethereum node. It’s similar to a chrome extension, but instead of being limited to just browsing the web, it can interact with smart contracts and DApps on the blockchain. Developers can use Metamask to create an e-commerce website that will have its own token and use smart contracts for transactions. The website will be built on top of Web3.0 so it will be decentralized, censorship resistant, and provide more privacy for users.

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References

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