Decentralizing the E-Commerce Marketplace

m0therofdragons (32)in #cryptocurrency • 6 years ago

Company:
The Kart Block ecosystem is essentially a combination of e-commerce platforms, digital wallets and Tokenized gift mechanisms. The simple yet powerful idea behind this ecosystem directly rewards customers for their valuable contribution to the Kart Block platform, without the need for intermediaries.

Using technology:
The Decentralis / Blockchain ecosystem is a technology layer of the Kart Block ecosystem. This layer will be supported by the Ethereum blockchain network and the original token will become the standard ERC20 token. This layer will handle and record payments, transactions, smart contracts, data verification, etc. Through Hyperledger.

KARTBOCK operates an ecosystem that simply has to do with the packages they have in stock for their customers which is; their digital wallet that enables customers to keep their tokens which is a major means of buying their product, this wallet enables them to save their token and buy any product of their choice anytime, anyday without the difficulty of going to the bank to withdraw money to make payment.

They equally operates an e_commerce channel of marketting where every transaction is done without any form of intermediary or middle men. A major advantage of Kartblock over her contenders in the online market place is her reward system that deals primarily with giving out her token to every referral into the platform and a high profit margin for the purchase of her token by investors during the period of sales of the token.

Through leveraging Blockchain technology, can give the e-commerce market the following benefits:

Elimination of middlemen that do not add value to a product or a service but only thrive on commissions; thus reducing transaction costs and boost user experience.
Increased transparency. Consumers and merchants will know how and where their money is flowing.
Rewards and incentives to the users of Kart block platform keeping them engaged and motivated through Kart Block Tokens.
Creating growth opportunities for the e-commerce industry by dialing down the razor sharp competition.
Creating a new dynamic in product advertisement and user engagement through clicks and referrals.
Unlocking the potential for other data-driven technology companies by providing clean and unaltered data.
Allowing merchants to run analytics on their audience-data which can help them to understand and engage with users more strategically.

Token symbol: KART
Smart contract: Ethereum ERC 20
Token type: Utility
Token price: 1 ETH for 14,925 KART + applicable bonus
Minimum purchase: 0.01 ETH
Hard cap: 26,800 ETH
Token supply: 1 billion in two phases
ICO status: Private sale live with 60% bonus

ERC20 type tokens are deemed as Blockchain assets that possess value, and can be used for trade, transactions and investment like any other digital currency. Therefore, with the Kart Block token, the user can hold it, trade other currencies and assets with it or use it for transactions to purchase any other entity via the Kart Block platform.