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How to pay: no-click buying in the blockchain

In: THE END OF ONLINE SHOPPING THE FUTURE OF NEW RETAIL IN AN ALWAYS CONNECTED WORLD

Author

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  • Wijnand Jongen

Abstract

The decision to buy something, the subsequent payment and finally receiving the item: for as long as we can remember, it all happened at the same time, in the same place. The risks for buyer and vendor were shared equally. Someone chose a dress in the store, paid for it, and took it home. Developments in technology have completely upended traditional payments in less than two decades’ time. Online shopping has become nothing out of the ordinary. As a result, entering into an agreement, paying for the item and delivering the goods or services no longer have to take place at the same time or location. In the age of Internet, the risk has shifted to either buyer (advance payments) or vendor (payment on delivery)…

Suggested Citation

  • Wijnand Jongen, 2018. "How to pay: no-click buying in the blockchain," World Scientific Book Chapters, in: THE END OF ONLINE SHOPPING THE FUTURE OF NEW RETAIL IN AN ALWAYS CONNECTED WORLD, chapter 10, pages 160-179, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813274556_0010
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    More about this item

    Keywords

    Online Shopping; Retail; Ecommerce; Digitization;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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