Post
Topic
Board Speculation (Altcoins)
Re: Best Altcoin to invest
by
bitxx1
on 03/07/2018, 19:23:03 UTC
E-commerce is currently dominated by data-rich middlemen like Amazon, Alibaba, CJ Affiliate, eBay, Walmart and other intermediary e-commerce application and services, but while these tech giants accumulate power through collecting more and more data about consumers, the experience and economics for buyers, sellers, and other marketplaces remains stagnant. Buyers must search multiple marketplaces to find product availability and best prices. Vendors must switch between marketplaces to update their inventories or risk double-selling and jeopardize their reputation. Ultimately, these middlemen collect high fees on every transaction, cutting into vendor’s profits and increasing product costs for consumers. Marketplaces lack efficient mechanisms for rewarding affiliate marketers that assist with the sale of products and deal with problems related to fraud, spam, and inefficient dispute resolution systems.  Spl.yt has developed a protocol powered by smart contracts that aims to revolutionize the e- commerce ecosystem with its global inventory on the blockchain and tokenized rewards to incentivize honest, real transactions. Some of the capabilities enabled by the Spl.yt protocol include global inventory wherein listings are synced across marketplaces, more accurate listings and fraud/spam detection, incentivized affiliate marketing via automated payments, dispute resolution, reputation tracking, and fractional ownership managed by smart contracts. Cyrus Taghehchian, Spl.yt’s CEO believes that people who are engaged in online dealings deserve a more competent, crystal clear, and secure e-commerce system. It is for that reason that they are decentralizing online shopping so that buyers and vendors can be empowered with the right tools to transact without having to rely pricey intermediaries. In this regard, as a result of the knowledge, understanding, relationships as well as the competence of Science Blockchain when it comes to blockchain and e-commerce industries, Spl.yt is very much comfortable with working in tandem with their incredible team to deliver quality services to the clientele.