Since the creation of the Internet, commerce has gone beyond mortars and bricks commerce to what is popularly known as e-commerce. A commerce model that place the whole world at the center of your palm, thanks to the Internet that brought this disruption in the way we trade with each others. For more than a decade now, this multi trillion dollars industry continues to expand and breaking its own record every year. In 2017, the industry recorded more than 2.3 trillions dollars in sales and it has been projected to reach 4 trillion dollars by 2020. And not to forget that the rapid acceptance of blockchain technology has what its takes to increase the growth potential to higher level.
The innovative blockchain technology is the technology underlying Cryptocurrency and its has some unique features that makes it an enterprise-ready with potential to revolutionize the operation of industries which includes e-commerce industry and as pertaining to e-commerce, this technology expose two major interconnected problems associated with conventional e-commerce model which are unnecessarily high fees and abuse of user data.
Problems With Centralized E-commerce Model
High Cost Of Maintenance: The costs of maintaining centralized e-commerce infrastructure is too high and it always need continuous investment in infrastructure and dependent on some third-party intermediaries and payment platforms. The truth is that, costumers are always the ones that do bear the brunt of this high cost operations. Blockchain and smart contracts will be able remove middlemen and create a platform that can self-execute and automate its own operations.
Systematic Abuse Of Loyalty Process: Loyalty is a way of compensating loyal customers but at times it get abused by most of these e-commerce companies by intruding into the privacy of customers for a reward that's not even sure.
Cryptocurrency has its own issues also that's limiting its adoption into our day to day transactions. Its technicalities are not easy to understand by a common man which makes it not to be enticing to many. Most Cryptocurrencies in the market are not really developed for real-world applications, they are majorly used as speculative assets which makes them to be highly volatile and not appropriate for day to day transactions. Also, the process of mining many Cryptocurrency is energy consuming, it also requires a huge startup money and it is not really enticing to those with little capital.
Plaza System Solutions
Plaza System has been designed with features that hide the complexities of interacting with blockchain protocols and using of Cryptocurrency in everyday transactions. A novice that doesn't know anything about Cryptocurrency can make use of Plaza platform to buy and sell with a stable non volatile Cryptocurrency. The platform was built with a target of mainstream e-commerce users including blockchain enthusiasts who knows how it works.Plaza facilitates an integrated, user-friendly crypto lifestyle, enabling private online shopping at the best possible prices, a debit card and a smart interactive speaker that also serves as a secure crypto wallets and a mining rig for our token utility and transaction coin.
What Makes Plaza Unique?
Freedom To Spend PlazaDollars (PL$) Anywhere: PlazaDollars is the platform tethered-like stable coins that is back with fiat currencies. This coin is created for transactional operations in the platform and with it Plaza ecosystem users will be to trade with each other. Plaza will also issues PlazaCard to its users which they can use to spend PL$. The card comes in both physical and virtual versions which gives you an option to choose of how you want to use it.
Complete Control Of Privacy Back To Users:Plaza buyers can choose to be anonymous when buying anything on the platform. Only sellers can't hide their identities because a buyer needs to know who he is dealing with.
Cryptocurrency Mining Made Easy:Mining of Cryptocurrency like Bitcoin is not an easy venture, it is costly and energy consuming which makes it not to be enticing to many but Plaza is changing the status quo now with the PlazaConcierge, a desktop smart speaker, personal assistant and hands-free crypto mining rig. Owners of them will start earning extra income by mining PLAZA tokens and PlazaDollars on Plaza’s MerchantChain blockchain protocol.
Plaza Lifestyle Rewards:This is an integration of an automated system that rewards adoption, referrals, loyalty and volume. You don't need to fill any form before you can take part in it. It's fully automated and the system compensate your activities within the platform. There is also an opportunity for sellers to build there own loyalty program using the same Plaza Lifestyle Rewards system.
Seasoned Professional Team: One of the most important things to look out when investing in a project is the team behind it. Plaza team is one of the selling points for the project. Plaza team has enjoyed commercial successes in the e-commerce and fintech industry over the last 12 years and collectively they have more than 80 years of experience working with multiple e-commerce systems platforms.
Dual-token Powered System: It is not ideal to use a volatile token for buying and selling because it is unpredictable. This is the reason why Plaza team created two Cryptocurrencies for the smooth operation of their platform. PlazaDollar which is stable coins backed by fiat will be used for buying and selling while PLAZA, an ERC20 compliance token on Ethereum blockchain known as the master which will be traded on secondary market after the ICO which is still going on now.
The tokensale is still on going and this is the best time to be part of something great. Time will not permit me to talk about Plaza proprietary blockchain protocol, Plaza ecosystem and Platform, partnerships and the biographies of core team members.
I advise all my readers to take there time to kindly read more about this project by checking any of the links that I will dropped below.
https://plaza.systems/whitepaper
https://bitcointalk.org/index.php?topic=3039594.0
https://medium.com/plaza-systems
Writer's BountyOx Username : Lake20