Is traditional e-commerce dying?

We’d rather say that it is at least in danger. Such platforms as Amazon and Ebay simply can’t compete with blockchain e-commerce companies such as Vanig which we’re talking about today. Let’s see how we can benefit from smart contract and blockchain technology in online retail.

The main thing about blockchain is P2P techonologies. Whatever we do as a consumers, whatever product or service we buy, we communicate directly with the seller/manufacture or service provider. This significantly reduces the price, which is definitely a huge benefit to us.

Vanig is building an e-commerce platform and supply chain ecosystem on blockchain. Among key features of this project you can see that the team uses Hyperledger Sawtooth technology. As any distributed ledger, Vanig is fully secured and decentralized.

• Supply chain process is thus simplified by eliminating the middleman. The prices go down, consumers satisfaction level goes up.

• Moreover the platform has a rewarding system and provides an opportunity for cryptocurrency payments.
  In fact, the Vanig token which according to Vanig roadmap will be created during TGE in June will be the main currency for payments made on the platform. The Vanig Tokens will be used to reduce the commission and make real-time payment possible. At the same time, the users will be able to pay in other cryptocurrencies and fiat.

• The thing that we specially like about the product is that opened-code at github. You can check it yourself.

Solid team, clear whitepaper, precise roadmap with – that is what we see in this project.

According to popular ICO statistics websites, e-commerce is in the first 5 most popular categories in blockhcain projects nowadays.

E-commerce will be growing – be sure. Global e-commerce market turnover was more than 2 trillion USD in the last year. Moreover, it is expected to grow to 4.2 trillion in 2021. (source) Just imagine, how can Vanig burst into the industry with their smart contract. It’s a game changing stuff for sure. We’ll discuss Vanig whitepaper, roadmap and ICO later, stay tuned. Now you can go to their website to make your own research.

Feel free to ask any questions about the project! We’re always in contact with the team and can help you here.

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