Blockchain Will Disrupt E-Commerce
One key industry that will go through tremendous transformation thanks to the adoption of blockchain is e-commerce. According to eMarketer estimates, retail e-commerce sales amounted to $2.304 trillion in 2017, up by nearly 24.8% over the previous year. What’s more, mobile commerce made up 58.9% of digital sales. This indicates that the burgeoning e-commerce space is ripe for a disruption by way of blockchain adoption.
Blockchain powered Multi Vendor eCommerce Marketplace Utility. Decentralised. Buy-Sell. Moderate. Track.
By 2022, all eCommerce will be Decentralised.
We are a pioneer in this space.
If Your Business Is Not On The Blockchain, Then Your Business Will Be Out of Business!
. A new star will be born on the blockchain firmament, one that will change the e-commerce landscape
Now, with the mainstreaming of blockchain, Amazon and a bunch of similar e-commerce players will go through a major disruption. There are two primary drivers for this transformation.
Decentralization, As Opposed To Monopoly
As we all know, the monopoly of e-commerce by a handful of players is almost complete. There are hardly any challengers to existing players, and the cost of change is too high. Normally, if you look at any industry, whenever a near monopoly emerges, a new technology emerges and disrupts that industry.
In 2007, Nokia was the king of mobile phones. Then came Apple, the least expected disruptor.
Similarly, when IBM was the king of the computer industry, Microsoft emerged as the disruptor.
The time has now come for blockchain to disrupt the e-commerce space. Blockchain technology essentially decentralizes control and ensures that trust is achieved without the need for a centralized power. It also means greater transparency and power to the consumer.
One of the biggest regulatory changes has come in the form of General Data Protection Regulation (GDPR) Europe’s data law. The data protection law will have an impact on blockchain technology and e-commerce players. Whether it is GDPR or other regulatory frameworks, monopolies in the e-commerce world will come under different kinds of attacks. The new regulatory changes will have a definite impact on existing players.
These Changes Help The Marketplace
A good example would be Amazon, which has nearly 80 private labels, according to a report from One Click Retail, a retail analytics company.
As vendors and manufacturers begin to understand the extreme power of Amazon, they will react in different ways. That’s the stepping stone to a disruption of the Amazon monopoly.
Customers are becoming more aware of monopolistic powers, and they take a deep interest in knowing the origins of a product, its sustainability and so on. This will result in a shake-up of e-commerce players, and a lot of vendors may get filtered out.
The price control exerted by monopoly players will be a differentiator for customers. Enhanced transparency will mean the customer is aware of what she is buying.
Multi Vendor Scaling Marketplace
Vendor Distributers setup decentralized shops
inside Wholo and CoHeroGen Marketplaces.
We bring the local back as the root of exchange
Token Holders can search for and buy any products directly from vendor listings. We reverse the direction of centralization in the ecommerce area.
Vendors receive Supplier Gift Current Benefits for completing stages of setting up shop fronts on our Marketplace.
Like traditional eCommerce Marketplaces like Amazon and eBay, purchases are secured by Escrow and automated moderation.
Built in secure Crypto Wallet
Token Holders get a secure Crypto wallet to store and use Currents and Cryptos for shopping. They can also pay by the currency of their choice.
We have 100% source code. This powerful Blockchain powered “Blocommerce” software is built on an easy to customise architecture.
Has a powerful and secure Admin Panel to manage the entire eCommerce Marketplace Script. Users, Listings, Earnings, Commission Configuration etc. can be done from one point.
Blockchain Powered Multi Vendor Marketplace Details
Fixed, Fluid, Responsive
All Major Browsers
Number of Hours taken to develop: 600 Hours
How does this Blockchain powered Multi Vendor Marketplace Script work?
Decentralised Multivendor Marketplace works very similar to any marketplaces like Amazon, eBay etc. just that it’s decentralized and powered by the power of Blockchain. Which means it gets all the goodness that comes with the Blockchain with the latest Web.3
Some of the highlights are:
Vendors can directly open their stores and start listing their products along with Xat and scale co-efficients. We collect payments from buyers directly as Crypto or fiat with GiftCurrent Xat distributed to the Token Holders.
The entire marketplace is Peer-to-peer and decentralised. They can sell any goods from any part of the world. No restrictions.
We will have AI powered valuation coefficients to ensure benefits accrue where they are most needed.
Buyers can shop securely and pay via any crypto directly to the vendors and to The Globamid for rewards, operations, pools.
They store their Crypto, currency and Giftcurrents inside the Marketplace Wallet itself and pay instantly for any products. They can secure their purchase with a moderated escrow payment option.
Sellers and Buyers can chat and coordinate inside the platform. They can check the delivery status of the shipment etc.
Comes with Windows and Mac apps for Vendors to upload products and Buyers to shop seamlessly.
Escrow and moderation features built in. Each item the Buyer buys can be protected via the escrow and moderation system built in )
Comes with all the Social features, Bells & Whistles any ecommerce marketplace has, Profile, Settings, Followers, Chat, Notifications, Rating, Reviews, Share, Category etc.
We begin with our centralized system and port over to the Blockchain powered Multi Vendor Ecommerce Marketplace.
Whenever a purchase is made, vendor also sets a percentage of Xat for each transaction. Wholonomics contracts to pay “wholesale” and the price through the HoloMid is “retail”. Xat is transferred to by design. The percentage will automatically be applied on the transaction and respective number of Gift Currents will be sent to your wallet.
We can get discounts from vendors to make their listing as featured listings for specific categories. This increases the Gift Current Xat percentage.
Launch Porteage and make vendors pay for Ads, Featured listing via the porteage.
Vendors would like to setup shop on our Multi-Vendor Marketplace as there is no listing fee. No restriction. Already there is a huge shift happening from centralised online businesses to Decentralised businesses.
We have 100% source code of this Blockchain powered Multi Vendor Ecommerce Marketplace. We can add/Edit/Delete any feature at will.
Customers would love to shop on your ecommerce platform. As they can pay using crypto and currents and fiat, they can get any products globally, They can track shipment of product anonymously etc.
Experts agree that Blockchain will disrupt eCommerce. They expect it to be a multi-Billion Dollar market very soon. Each country can accommodate thousands of such ecommerce platforms for each micro niche.
Ride the Blockchain Wave, the next Big Ecommerce Marketspace!
Blockchain powered Multi Vendor Marketplace Script is well documented and supported.
Multi Vendor Marketplace comes with a secure Admin Panel to control the platform end-to-end. We can set the Ad Slots, Transaction Xat etc.
100% un-encrypted source code of this Ecommerce Multi Vendor. Customise at will, Add/Edit any feature easily.
Digital & Physical Goods
Blockchain powered Multi Vendor marketplace has provisions for sellers to sell Digital Products as well as Physical products. Buyers can Track delivery.
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