INTRODUCTION:
The fast development of internet has led to the wide acceptance of ecommerce. Men and women who love to shop have seen the potentials that ecommerce has to offer. ecommerce is easy, fast and convenient. It complements the demand of a modern lifestyle.
In simple terms, ecommerce can be defined as all the process of buying and selling of goods online. It also involves transmission of funds all over the internet. Many companies over the world have accepted ecommerce as its development is growing rapidly.
Vanig came along as a blockchain platform to integrate the supply chain and ecommerce ecosystem. The major aim behind the creation of this platform is to simplify supply chain such that it is able to cope with the rapidly growing ecommerce industry. Vanig plans to use the distributed ledger technology to solve various issues that affect the smooth running of the supply chain system. Alongside this, ecommerce will provide an affordable, high quality service to consumers.
Deficiency of the Supply Chain and ecommerce System Which Vanig is Trying to Address
A Non -transparent System
At the moment, users in the supply chain system cannot access all stages of the transaction. This makes the data prone to altering.
Intermediation
Before Vanig came along, Intermediaries serve as the link between the ends of a supply chain – the consumer and the merchant. These intermediaries however charge excess fees that affect the overall profit of the merchant.
Inconsistent Inventories
Because of the lack of a solid inventory management system, consumers are left frustrated when their product of choice runs out of stock. Also, merchants could also under stock or overstock a product.
Fake reviews:
Some shady online businesses sometimes publish fake review in order to present themselves better than they really are to the public.
Poor tracking of orders:
The method used for tracking is currently largely unreliable. This is the reason what customers do wait for a long time before defected products are replaced.
With the vanig ecommerce system however, both sellers and buyers will benefit. Sellers will derive the advantages of selling at a cheaper price, compared to other ecommerce platforms. Buyers on the other hand will buy genuine products with the opportunity to pay with VANG tokens. Users will also be rewarded when they transact with the VANG tokens.
The Principles of Vanig Revolve Around 6 Steps
- User orders through the Vanig Website or a Vanig enabled mobile app.
- Next is to record the Smart Contract which captures the order details, all stored on the blockchain.
- The retailer also downloads the desired product from their spot which creates the smart contract. This happens from the manufacturer.
- The distributor delivers the order which comes from the manufacturer to the consumer.
- The consumer confirms the deliver, the third smart contract.
- The final step is to record the transaction ledger the manufacturer and the wholesaler. This creates the final smart contract.
The Brain behind Vanig:
The brain behind Vanig is made up of veterans with years of experience in online business. They have the skill set required to ensure Vanig is favorable to all and sundry. The Vanig platform is strengthened by the integration of Artificial Intelligence with the machine learning software.
ROADMAP:
USEFUL PROJECT LINKS
website : https://vanig.io/
Whitepaper: https://vanig.io/latest-whitepaper
Telegram: https://t.me/vanigplatform
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3252952
Facebook : https://m.facebook.com/vanigplatform
LinkedIn : https://www.linkedin.com/company/vanigllc
Github: https://github.com/VanigPro/
Reddit : https://www.reddit.com/r/VanigPlatform
Twitter : https://twitter.com/vanigplatform
Writer's bitcointalk username : Elvisdika1
Writer's bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1774566