Abstract
The utilization of blockchain technology in enhancing the security of e-commerce transactions in the Micro, Small, and Medium Enterprises (MSME) sector presents a transformative approach to addressing persistent challenges such as fraud, data breaches, and transaction transparency. This study employs a qualitative method through literature review and library research to explore the integration of blockchain into MSME e-commerce platforms. By analyzing existing research and case studies, the paper identifies how blockchain's decentralized nature, encryption techniques, and smart contracts can mitigate risks and foster trust between MSMEs and consumers. Key findings suggest that blockchain can provide immutable transaction records, enhance supply chain traceability, and streamline payment processes, thereby improving overall operational efficiency. However, the study also highlights potential barriers, including technological adoption, cost implications, and regulatory uncertainties, which may hinder widespread implementation in the MSME sector. Addressing these barriers through education, policy development, and collaborative innovation is essential to unlocking blockchain’s full potential. This paper contributes to the growing discourse on digital transformation by emphasizing the critical role of secure, transparent, and efficient transactional frameworks in empowering MSMEs in the global digital economy. Future research is recommended to focus on practical implementation models and sector-specific blockchain applications that align with MSME capabilities and market demands.
Published Version
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