Businesses are now being done through online commerce. Hundreds of billions of dollars are produced each year in this type of trade, and the percentage of use grows every year. However, at the same time, the number of retailers that want to join the market, Amazon, eBay, Walmart and the rest of centralized businesses get larger. Therefore, customers have fewer options and prices available, while the manufacturer or small retailer is erased from the market’s map.
As a response to that scenario, Buying.com offers a community-driven service. The sellers’ will find in it a platform of millions of buyers, and buyers find in the same platform a variety of goods and services to choose the one that best suits their needs in the best costs.
The Distributed Technology Surpassing The Industry’s Big Corporations
The concept of a decentralized network with p2p technology, designed for online commerce and using cryptocurrencies as a payment system, has been the main goal of Buying.com. After a lot of work, the platform is very close to lifting off and exploiting the main advantage of blockchain technology: genuine global reach.
Buying.com offers an integrated vertical platform through the technological innovation provided by crypto protocols. Unlike the limited capacity of its direct competitors, the system creates a direct channel between the buyer and the supplier of the product.
The previous traditional infrastructure regularly placed friction between commercial links due to dilemmas such as delivery restrictions. In contrast, the blockchain-based company represents the complete rearrangement of approaches. Buying.com ICO -which will begin its presale stage at the end of the month- provides limitless possibilities. In its platform, users are allowed to be part of the core engine and game-changing strategy that will extend distribution centers using domestic spaces; in the same way, particular vehicle owners will operate as delivery operators, resembling systems that revolutionized their respective areas such as Uber or Airbnb.
The Business To Business (B2B) And Business To Consumers (BTC) Concept
The optimism related to the growth and results of online sales has caught the attention not only of retailers. Industries, which face historical difficulties with tax, infrastructure and labor restrictions, will also be able to access this potential.
By benefiting from immutable and auto-executable technologies like smart contracts, the manufacturers and wholesalers will be able to reach, negotiate with, and sell items directly from the supplier,” which translates into better prices for consumers. In this way rejecting the long bureaucratic processes that meant drop-shipping businesses must’ve own products in stock.
The Micro-Distribution division presents a system of bilateral profitability. In this platform for e-commerce development the small businesses can create their own space within the market using the Buying.com protocol as a base, while generating highly convenient opportunities for consumers by accessing the bulk prices. This allows for comparing and contrasting options in real time and for choosing what best suits the needs of the consumer.
On the other hand, manufacturers will have the possibility of establishing commercial relations with the enormous catalogue of suppliers in the area of large-size quotes.
Tokenized Payments
Buying.com extends the ease of payment through a local currency to buy the different products within the platform. The users will also have the possibility of generating dividends due to referrals and working as Node Operators – a feature that will be included in the dApp, currently under construction, in which users can monitor all the services and functions of the e-commerce solution.
An Ever-Evolving Platform
The ICO seeks to reinforce the feedback concerning elements such as the product ratings, the business to which the shipment was sent and the entire experience within the software. Also, a significant benefit is the fact that payments are executed only when the purchase is made, a process that is reflected in the public ledger, of immutable character and available for the parties involved.
Buying.com collaborators include:
- Droppshipper.com: An integral shipping solution launched in early 2018 aimed at individuals looking to expand the impact of their brands through online premier positioning.
- Snapforce.com: A software company founded in New Jersey that began its activities in 2013 with solutions for customer relationship management (CRM); since then, the company has been in continuous expansion.
Also, commercial giants such as HP, Sony, Panasonic, Ralph Lauren, among others.
With projects like Buying.com, the e-commerce industry will once again become an example of innovation thanks to blockchain technology. The ICO’s presale stage will start on October 1, 2018. Join the Whitelist here.
Media Contact
Company Name: Buying.com
Contact Person: Jean Gabriel
Email: Send Email
Phone: 1-888-214-9988
Address:1 International Blvd, Suite 901
City: Mahwah
State: New Jersey
Country: United States
Website: Buying.com