What Does It Do ?
Bezop is a complete solution for running a successful ecommerce business online for new and experienced users.Anyone can sell their products and services and get paid in bezop without any programming. Bezop implements a novel Proof of order which lowers the rate of fraud for both a merchant and client using elegantly designed contracts powered by the ethereum blockchain and secured cryptographically. Merchants can collect vat and accurately manage orders.
Overview
Bezop is a decentralized peer-to-peer ecommerce order management and processing system, an utonomous buyer-seller protection service, and a simple value added tax (VAT) collection system - all powered by smart contracts and built on a decentralized blockchain network. Bezop aims to provide a complete open source solution for running a successful ecommerce business online. Merchants can participate by selling products and services on their self-hosted ecommerce stores (the Bezop Decentralized Order Management, or Bezop DOM) and broadcast orders to the network. The Bezop market runs on a blockchain with a native ERC-20 protocol token (also called a “Bezop”), which miners earn on the ethereum blockchain by proof of work. Clients spend Bezops when purchasing goods and services in the Bezop DOM and in other integrated sites that offer services and accept payments in Bezops. Conversely, one can earn Bezops by selling goods and services and/or by simply receiving Bezops via a wallet-to-wallet transfer. In the future, a Bezop Network will emerge where miners compete to mine blocks with sizable rewards. Before then, Bezop mining power will be proportional to active orders on the network, which means that the value of Bezop mining will not be limited to maintaining blockchain consensus. This creates a powerful incentive for miners to fulfill as many orders as they can. The ERC-20 protocol weaves these amassed resources into a self-healing blockchain network that anybody in the world can rely on. Strong buyer protection techniques built in smart contracts reinforces the robustness of the network. Orders are encrypted end-to-end through the protocol’s secure order management portal. Miners do not have access to decryption keys. Bezop works as an incentive layer on top of blockchain and computes a proof-of-order for any transaction, which makes Bezop particularly effective for decentralizing payments, building and running distributed ecommerce portals, and implementing smart contracts.
Transaction volume and global payment revenues
The payments industry is enormous. The total value of global retail payment transactions was estimated at USD 16 trillion in 2015. This is estimated to increase to USD 21 trillion by 2020. The estimates include consumer-to-merchant transactions across retail verticals such as food and grocery, apparel, consumer durables, etc. Digital payments contributed USD 1.26 trillion, or 8% of the global retail payments in 2015, and is projected to increase to USD 6.3 trillion, or 18-24%, by 2020. The global payments revenue market size is approximately USD 2 trillion and steadily rising. In most cases, global payments are the payment revenues that include direct and indirect revenues generated by non-cash payment services (excluding interbank transfers). Simply speaking, it is the total revenues collected by financial services companies around the globe. As shown in the graph below, the global payment revenues should reach USD 2.2 trillion in just a few years.
Business model
Bezop provides an open source web software system where merchants can sell their goods and services. Additionally, Bezop provides a network that processes cryptographic tokens. These tokens are the accepted form of payment (Bezop coin). Bezop’s smart contracts will autonomously manage the order’s state. In the event of a dispute, a smart contract can assign a human agent to make the final decision. Bezop charges a 1.4% processing fee from merchants. Of that, 1% will be used to maintain the services, support marketing, and cover payrolls.
Technologies, Requirements, and Capabilities
Technologies
Bezop DOM is built with HTML5, React JS, Node Js, and MongoDb. These are all open source languages.
Requirements Running
Bezop DOM requires installation of the following dependencies: - LAMP / WAMP server - Mean Stack – NodeJs
Capabilities
Bezop DOM offers a range of solutions that are tailored to serve clients’ needs, as described below with some real-world scenarios.
Store Creation
Client 1
Jane is the owner of a small business that sells sports outfits and kits with a price range of USD 10 - 150. She wants to build her own digital store where she can easily transact with her clients online without the frustration of having to pay massive fees for using a centralized portal to execute transactions.
Bezop solution for Client 1 With Bezop DOM, Jane can instantly run a fully decentralized ecommerce portal without the need to access PrestaShop, Shopify, Amazon, or other centralized ecommerce stores that charge hefty transaction fees and/or monthly fees.
Client 2
John is the owner of a medium-sized business that sells electronics with a price range of USD 99 - 1,999. He recently acquired an online store, but finds himself in constant dispute with his merchant service providers. He waits 21 days for credits to clear into his account and prefers not to wait that long to send funds back to his suppliers. Bezop solution for Client 2 With Bezop DOM, John is not governed by any central body and can process his own transactions by linking the Bezop main address and Bezop tax address into the Bezop DOM online store. His funds will be automatically cleared immediately after he provides roof of delivery, typically within minutes. (II) Product Addition - limitless by design
Client 3
Jude is the owner of a large supermarket where he sells hundreds of items at prices ranging between USD 99 and USD 1,999. He has an online store but is restricted to displaying only 200 of his products at a time.
Bezop solution for Client 3 Bezop DOM is optimized to allow as many products as Jude desires with a low memory footprint and storage requirements. (III) Product Categorization
Client 4
Ray is the owner of a large-scale business that sells products by category. He needs a simple solution to start selling online and needs to implement this structure without having to handle the inherent complexity in design or programming himself. Bezop solution for Client 4 Bezop DOM is optimized to allow Ray to categorize and segment his store into multiple departments which his customers can access through an auto-generated menu. With a centralized version of the system, Ray would need to write a content management plugin and
other codes, and re-configure various databases in order to achieve the same effect.
(IV) Order Management
Bezop DOM provides an ideal order management system that displays order status and flags status changes, as described below.
Crowd Token Sale Details
Token program details
The Bezop crowdsale and the corresponding token creation process will be issued by Bezop Blockchain Ltd, a United Kingdom Limited Liability Company. The events will be organized around smart contracts running on Ethereum. Participants, those who are willing to support the development of the Bezop Project, can support the Project by sending Ether currency (ETH) to an address designated by Bezop. Upon Bezop
receiving the ETH (“contributions”), the participants will be immediately rewarded with Bezop Tokens (BEZ) at the rate of 1,929 BEZ per 1 ETH. The BEZ will be sent to the participants’ wallets.
Key details of the token program are:
● The acceptable currency during the initial coin offering (ICO) is ETH.
● The creation will be capped (“Soft Cap”) upon receipt of contributions equivalent to USD 421,000. This amount is subject to change before the Token Creation event.
● The Token Creation period will last for sixteen (16) days, unless the Soft Cap is reached sooner.
● If the Soft Cap is reached before the end of the 16-day period, contributions will be accepted for an additional 120 hours to accommodate those who wish to participate but missed the short window for BEZ creation.
● If the Crowdsale campaign does not reach its minimum capital goal of USD 421,000, all funds will be returned automatically to the BEZ holders through the Ethereum smart contracts.
● Token Creation has a hard cap of 21,423 ETH. Upon achieving this cap, token creation will stop and no further contributions will be accepted.
● Tokens that are not sold during the Crowdsale will be destroyed automatically by the smart contract.
● Due to price volatility, values in ETH are not fixed and can be recalculated anytime.
BEZ Tokens
The Bezop token will be an Ethereum-based token of value. The token is a digital asset, bearing value by itself based on its underlying assets, properties and/or associated rights. Ethereum-based tokens rely on a well-established Ethereum infrastructure, benefiting from several advantages:
● Security and predictability (as opposed to, for example, having to run an independent blockchain network).
● Use of robust and well-supported clients (Ethereum-based tokens can be managed with official Ethereum clients).
● High liquidity (interchangeable with other Ethereum-based tokens or Ether), easier listing on exchanges with infrastructure already in place. Our Ethereum-based token contract complies with the ERC-20 standard. More detailed information about the ERC-20 standard can be obtained from https://github.com/ethereum/EIPs/issues/20.
Budget All funds raised will go straight into the development and maintenance of Bezop.
● 55% of the funds raised will go directly into the development and expansion of the Bezop team.
● 10% of the funds will go towards legal work to ensure Bezop is compliant with all regulatory standards in all countries Bezop operates in.
● 5% will go into technology improvements such as server and infrastructure upgrades, security (purchasing EV SSL certificates), etc.
● 10% will go towards marketing Bezop to increase awareness about the platform and attract more users.
● 10% will be invested into advertising along with training users who wish to start making money online as a Bezop merchant.
● 10% will be used to buy back Bezops (see Bezop buyback program). No Bezop token will be issued to any Bezop team member.
Our Mission
The primary objective of Bezop is to provide a viable and scalable ecommerce solution that will incentivize businesses and individual traders to sell goods and services using blockchain technology. Bezop is a complete solution for running a successful ecommerce business online for new and experienced users. Anyone can sell their products and services and get paid in Bezop without any programming. Bezop implements a novel Proof-of-Order that lowers the rate of fraud for both merchants and consumers, using elegantly designed contracts powered by the Ethereum blockchain and secured cryptographically. Merchants can collect VAT and accurately manage orders.
The five key components of the Bezop project are
i. A DOM portal
ii. Bezop network
iii. Proof-of-Order
iv. Proof-of-Delivery
V. Bezop Smart Contracts and Promises
Bezop will also revolutionize wallet, private key and transaction encryption using a proprietary Rainbow cipher.
Bezop Team
Deryck Jones - Chief Technology Officer
Mr. Jones has 20 years of experience in the Fortune 1000, holding dual engineering and marketing roles while overseeing IT operations. He has served as VP of R&D for the software division of a $3.1 billion Massachusetts Institute of Technology spinout and driven the transformation of a manufacturing business to a $270 million systems business. He also launched Data-Force, a Salesforce development and sales partner, which delivered services to Sony, Canon, RFS, etc. by developing enterprise software applications and performing enterprise system integrations with SAP, Oracle, and Microsoft SQL Server.
Simon Disney - Chief Marketing Officer
Simon Disney is one of the most influential marketers on the Internet and the host of the popular "Marketing Summit". He is a strong crypto lover and investor who controls a 1.7 million active and loyal customer mailing list. Simon has successfully marketed over 60 software titles online and passively generated millions yearly for vendors. Simon also has massive following of thousands of top marketers who are actively promoting Bezop.
Kevin Byrne - ecommerce expert, Public Relations and Advertising
Kevin holds a Master’s Degree in ecommerce and an Honors Degree in Business and Marketing. He is an expert in Facebook advertising and has conquered several platforms such as Shopify. Kevin can generate thousands of sales for a brand new store in a matter of weeks and is ready to transfer his vast ecommerce knowledge, experience, and passion to new merchants.
Camelius “Blaze” Ubah - Lead Engineer
Not only a hardcore developer, Blaze is also a philanthropist and loves giving back to the community. He holds a Bachelor of Science in Computer Science and System Design and has been involved in several revolutionary projects in the software space such as Flexy, an AI project built onto google ML. Working with a strong team of smart contract and blockchain developers, Blaze also leads the development of the Rainbow cipher technology, one of the strongest wallet encryption techniques available today.
Important disclaimer
This white paper shall not and cannot be considered as an invitation to enter into an investment. It does not constitute or relate in any way nor should it be considered as an offering of securities in any jurisdiction. This white paper does not include or contain any information or indication that might be considered as a recommendation or that might be used as a basis for any investment decision. Bezop tokens are just utility tokens which can be used only on the Bezop platform and are not intended to be used as an investment.
The offering of Bezop tokens on a trading platform is done in order to allow the use of the Bezop platform and not for speculative purposes. The offering of Bezop tokens on a trading platform does not change the legal qualification of the tokens, which remain a simple means for the use of the Bezop platform and are not a
security. Bezop Blockchain Ltd is not to be considered as an advisor in any legal, tax or financial matters. Any information in the white paper is provided for general information purposes only and Bezop Blockchain Ltd does not provide any warranty as to the accuracy and completeness of this information. Bezop Blockchain Ltd is not a financial intermediary according to British law and is not required to obtain any authorization for Anti Money Laundering purposes. Acquiring Bezop tokens shall not grant any right or influence over Bezop Blockchain Ltd organization and/or governance to the purchasers. Regulatory authorities are carefully scrutinizing businesses and operations associated with cryptocurrencies around the world. In that respect, regulatory measures, investigations or regulatory actions may impact Bezop Blockchain Ltd’s business and even limit or prevent it from developing its operations in the future. Any person undertaking to acquire Bezop tokens must be aware of the Bezop Blockchain Ltd business model. The white paper or Terms and Conditions may change or need to be modified because of new regulatory and/or compliance requirements ensuing from applicable laws in any jurisdictions. In such a case, purchasers and anyone undertaking to acquire Bezop tokens acknowledge and understand that neither Bezop Blockchain Ltd nor any of its affiliates shall be held liable for any direct or indirect loss or damage caused by such changes. Bezop Blockchain Ltd will do its utmost to launch its operations and develop the Bezop platform. Anyone undertaking to acquire Bezop tokens acknowledges and understands that Bezop Blockchain Ltd does not provide any guarantee that it will manage to achieve it. They acknowledge and understand therefore that Bezop Blockchain Ltd (incl. its bodies and employees) assume no liabilities or
responsibilities for any loss or damage that would result from or relate to the incapacity to use Bezop tokens, except in case of intentional misconduct or gross negligence.
To know the latest information about Bezop.io project you can visit the link below:
Website: https://ecom.bezop.io
Whitepaper : https://bezop.io/public/paper/whitepaper.pdf
Facebook : https://www.facebook.com/groups/bezop/
Twitter : https://twitter.com/BezopNetwork
Athor : AshanAAM
BTT Profile : https://bitcointalk.org/index.php?action=profile;u=1495512
ETH : 0xAccFC0AF286D1f9d0928aAaE5ef255B118EEfee0![be4.png]