This paper describes a revolutionary combination of the Ethereum Blockchain technology
and e-commerce & payment ecosystem. The ARAW token and its unique infrastructure
offers e-commerce and service-providing companies to standardise reward programmes
as well as expose the regular people to the cryptocurrency economy. Our solution is
completely transparent and strives to make cryptocurrency accessible to the regular
people. From the customer perspective, there will be no habitual change - for example,
one of our offerings include the Araw Touch & Pay card to be used in tandem with everyday
micropayments.
The main goal of the ARAW token is to build the Decentralised Payment Ecosystem for
E-Commerce to increase the Blockchain adoption for regular people across the world. The
ARAW token ecosystem offers unified reward system which any service-providing entities
can partake in. This allows virtually any company to further incentive consumption of
their service as they provide real value via token distribution and expand their previously
limited market of loyalty-reward consumers to the next level.
The paper focuses on cutting-edge technologies that support the e-commerce & payment
ecosystem including ‘Araw Pay for Online Payments’, ‘Open API Platform’, ‘Araw Touch
& Pay Card’, ‘Unified Reward System’, ‘Peer-to-Peer Transfer’, ‘Araw Mobile Wallet’, and
‘Cryptocurrency Exchanges Integration’.