Analysis of the NFT's Potential Impact in an E-commerce platform: A systematic review

Abstract

NFT or non-fungible token is a blockchain-based unique digital asset. This systematic review paper gathered research papers and organized them into NFT implementations and NFT discussions. The researcher conducted a survey to assess the current perspective of people towards NFTs. The result suggests that most of them believe that NFTs can be helpful for e-commerce. Some of the concepts provided by the respondents as to why NFTs will be beneficial for e-commerce are authentication, trust, giving value to customers, commodity, security, proof of ownership, and a lot more. This paper then proposed a simple framework for adopting NFTs in e-commerce.