Hi, guys! What is the average money you spend on food a month? A year? Have you ever thought this amount could be less? Of course, if you happen to buy wholesale, you will pay less. But in other cases you leave a certain amount of money in the hands of a retailer whose mediation is not always needed. Sadly, the system is so well-proven, that manufacturers are oriented more on the retailers and wholesalers rather than on the end consumers. This affects the quality as well as the delivery distances are not always optimized. Besides, consumers are in some way dependent on the choice of retailers and don’t have access to the assortment the manufacturer offers. So, for now, we see a consumer trap, where we pay more for the products we don’t actually want and of not perfect quality. Don’t you think it’s time to change the situation? Today I will tell you about a project developed with this problem in mind.
https://www.youtube.com/watch?time_continue=1&v=cNHnAb_bG1A
INS Ecosystem is a decentralized platform for the interaction of manufacturers in the food market (the biggest segment of goods) and consumers. No mediators on the platform: consumers can make purchases directly from the manufacturer which provides, apparently, a bunch of benefits for both sides. INS Ecosystem is going to be a self-regulating community of manufacturers and consumers regulated with the help of smart contracts. Manufacturers will also launch loyalty programs and reward their buyers in INS-tokens. Smart contracts will help to increase the efficiency of sales and supply chains, reduce costs and promote loyalty programs. Manufacturers will be able to publish lists of goods available for sale, and buyers for their part will be able to leave their feedback and take advantage of loyalty programs. It is planned to deploy the INS ecosystem in the world’s largest cities.
As we can see from the last decade, more and more people buy online. Our hectic life dictates new rules: customers already have no time to spend it shopping. It’s more convenient to choose the products in the online store from your mobile phone on the way home and have them delivered in the evening. That is why it’s foreseen to launch web as well mobile applications of INS platform for the consumers. On the other hand, many of them are still afraid to buy the products without first seeing and checking them in the store. In light of this, the team made up a system of incentives (everyone on the platform will strive to have a high rating) as well as a procedure for resolving disputes with calling a third party arbiter. The fair decision is ensured by the decentralized nature of blockchain-based solution.
The manufacturers that supported the INS initiative
The initiative is already supported by a number of largest manufacturers of consumer goods that expressed their readiness to sell their products directly to consumers. Thus, consumers no longer have to pay retailers for unnecessary storage of food. In addition, thanks to the direct interaction between a manufacturer and consumer, the latter can now choose the nearest food supplier, which reduces the cost of transportation and ultimately means the best quality of the goods delivered – you can receive vegetables directly from a farm in your region, which also reduces the level of waste and expired products goods. Now, you will have to pay only for delivery! Besides, you can choose the manufacturer you wish and leave the feedback to influence the quality. This will change the whole system of grocery shopping.
Moreover, what I like most, is that even users with lack of knowledge in the crypto currencies will be able to use the solution with ease. This becomes possible thanks to the team’s wide experience in the grocery industry. One of the main goals of the project is to make user experience seamless, which gives assurance of mass adoption and wide usage of the platform in the future. To become a member of the platform, a user has to sign up a profile in the ecosystem and get his/her wallet. The personal data won’t be able to be disclosed as every user will be given a public identifier, and with more decentralization of the platform less and less personal data will be stored and needed. Participants in the platform are: platform, consumers, manufacturers and order fulfillment system. Of course, manufacturers will pay some fee for using the platform, just as consumers will pay for their orders. But if compare with the expenses in the existing system of shopping, both manufacturers and consumers will ensure more savings in terms of money and time. This is only a brief review of the project; please see the technical description of it in the Whitepaper (see links below).
INS Ecosystem structure and the use of INS-tokens
INS tokens will facilitate all kinds of operations in the ecosystem which make them its inherent part. You can purchase these tokens during the ICO, which will last until December 25 or till the hardcap is reached (the owners of the tokens are not considered shareholders of the company and do not claim any dividends). The rate is 300 INS per 1 ETH, and the system of bonuses is foreseen. You can purchase the INS-tokens by paying in BTC, ETH, USD as well as some other popular crypto currencies. INS Token Contract Address (as per Whitepaper) is 0x5b2e4a700dfbc560061e957edec8f6eeeb74a320. In addition, it is planned to issue INS tokens to the crypto exchange, where they can be freely purchased and sold later. The team leaves nothing to chance, and even actions in the case of Ethereum fork are foreseen.
The Use of Token Sale Proceeds
If you like the project, you can support it by participating in the variety of bounty campaigns and in referral program. See the links below for more information.
Useful links:
Website: https://ins.world/
Whitepaper: https://ins.world/INS-ICO-Whitepaper.pdf
Presentation: https://ins.world/INS-ICO-Presentation.pdf
BBT Bounty Thread: https://bitcointalk.org/index.php?topic=2255023.msg22814709#msg22814709
Twitter: https://twitter.com/ins_ecosystem
Facebook: https://www.facebook.com/ins.ecosystem
Telegram: https://t.me/ins_ecosystem
My ETH-address: 0x9F8051399114A4C8b9A742Dbb51C10162E61F234
My BTT profile link: cr_liev, https://bitcointalk.org/index.php?action=profile;u=1046642;