Nanda Crypto: VANIG: Smart Contract Based Decentralized Ecommerce Ecosystem

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E-commerce is the newest and most efficient market for all our needs. It has become the world's fastest growing market. The e-commerce market has been on the rise due to various factors such as the large-scale adoption of mobile devices in the developing world and the widespread use of internet in the world. One of the main pillars within the industry is the efficient operation of the supply chain industry.

The efficiency of the supply chain operation determines the success of the e-commerce industry. Unfortunately, there are many reasons such as the inefficiency of the supply chain industry, the lack of transparent and visible supply chain, multiple entrants and complex system failure. There are many other challenges in the sector, such as lack of monitoring tools and inventory management that are not available. We need a platform to solve the above challenges.

Presented Solution

VANIG offers a solution for the e-commerce industry. With supply chain functionality, it is building the world's first integrated e-commerce. Based on the smart contract, the various points of the supply chain are connected to the block chain. HyperLedger's saw tooth technology is used to simplify the supply chain process and remove the intermediaries. The platform has been informed about the best products to ensure customers are satisfied and safe.

Artificial intelligence and machine learning are used to create effective advertisements on the platform. It is an important part of the platform, of products, retailers and producers of wholesalers and consumers. These three entities are connected to the platform by intelligent contract technology. The team-generated application can be downloaded by the platform's users to access millions of products. Security and transparency are the basic principles that the future of the platform is dependent on.

Competitive pricing, authentic inspections, shorter recall processes, real-time monitoring, multilateral contracts and easy product listing are just a few of the many features of the platform.

ICO KNOWLEDGE AND TEAM

250,000,000 VANIG tokens were created for the platform where 60% of the cigarettes were reserved for public sale. Special sales now live on the platform. The main sale will start on June 4, 2018 and will continue until August 7, 2018. Funds will be used for business development and operations. The project team is experienced in blockchain technology and e-commerce.

Result

In the world trillions of dollars worth of transactions have been completed. Amazon and Alibaba are the largest ecommerce giants in the world. The total gross value of B2B e-commerce is estimated at $ 20 trillion by 2017. The future of the e-commerce market will be determined by the technology we have adopted for growth and development.

Blockchain technology will reduce the inefficiency in the supply chain and will provide direct interaction between consumers and suppliers. I think the e-commerce industry will see another revolution with the help of blockchain technology. What do you think about the services offered by the sector? Are we ready for the newest e-commerce platform?