Asharqia Chamber organizes a meeting entitled "Challenges and Solutions of E-Commerce"
Asharqia Chamber of Entrepreneurship Incubator organized Wednesday evening, July 20, 2022, a meeting entitled "Challenges and Solutions of E-Commerce" at the incubator's headquarters in the Asharqia Chamber Tower.
The Digital Business Development Consultant Khaled Al-Thawadi spoke about e-commerce as electronic channels in which sales and purchases are made via Internet networks or electronic media through personal computers, mobile phones, sufficient accounts, or self-machines found in most shops that enable you to conduct electronic transactions and complete electronic operations through these devices.
On the types of electronic commerce, Al-Thawadi explained that they are divided into several patterns: From "Trader to Trader" are transactions and commercial services that are between companies, and may be purchasing transactions or information transactions between the parties, and from "Trader-to-customer", which are transactions between companies and consumers, and which may be "From a customer to a trader", consisting of dealings and services provided by customers to businesses, as well as from "Customer to Customer" - business transactions between users through auction platforms, as well as two other patterns: from the government to companies, from companies to government.
Regarding electronic wallets, Al-Thawadi said that they are centralized. It is an electronic application that organizes all financial movements and contains all the user data for that card in an encrypted form. Thus it is installed on the personal computer or stored on a hard disk or any other tool through which it can be saved. This data is used for payment via the Internet.
He also referred to digital currencies, which are also known as digital money, electronic money, or electronic currencies, which are a type of currency that is available only in digital form, and does not have a physical presence such as banknotes and coins, and has similar characteristics to physical currencies. Still, it allows instant transactions and transfer of ownership without borders.
Al Thawadi emphasized to apply of several legislation that regulates the functioning of electronic commerce, such as taxes, customs, contracting, authenticity and evidence, security standards, electronic payment mechanism, internet regulation procedures, in addition to jurisdiction and applicable law, litigation rules, intellectual property and information, and privacy offenses.
