Undoubtedly, as an overturning technical improvement in the last decade, blockchain is influencing the active evolution of the commercial ecology and leading a new round of revolution in technology and industries around the world.
BABC, based on the blockchain technology, with equal transparent trading principle, is creating a global assets transaction center, which is safe and stable, open and transparent, equal and mutual under the supervision of all users.
BABC is the token of BAB platform which required a series of application and specific information of applicants.
As we have seen, e-commerce has been involved in many business areas including B2B, B2C, O2O and so on. E-payment has become an important link in these processes due to its convenience and speediness.
However, there is no matching technological means, laws and regulations of e-payment, which has caused a series of problems, for example, low user confidence, ineffective management, high cost in transaction process and so on.
Those problems will be solved as cryptocurrency has been invented. By 2008, Japanese-American Satoshi Nakamoto published a paper describing Bitcoin which is generated with specific cryptography and anonymous cipher currency. Subsequently, as the underlying technology of bitcoin, cryptocurrency has been used in financial areas.
It is reported that BAB (Business Alliance Business) is based on B2B and relies on a reputable platform to provide comprehensive recommendations, precision matching, process optimization, results guarantee, data tracking, and a full range of transaction integration and guarantees. The purpose of the service is to create a business ecosystem with honest and efficient trading.
Also, BABC model combines enterprises with EDI, and integrates reputation evaluation, information service, electronic payment, logistics distribution and other links to realize the “three flow one” (information flow, capital flow, material flow), and build the basic conditions for the business service between users and enterprises.
Through the system with intelligent management, risk assessment monitoring, completely transparent and traceable management, BABC can prevent unnecessary risks in collection of asset, security control, internal cooperation, final settlement and so on, and maximally improves the income of investors.
By strategically cooperating with credit rating agency, bank, logistics company, quality inspection organization and so on, BABC can provide services including online trading, risk control throughout the entire transaction between vendors and purchasers.
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