There's no denying that we have needs and would go out of the way to fulfil them. Buying products is one of the things that people around the world cannot do without. That informs the reason behind various technological advancements that are geared at making the buying and selling process more straightforward, transparent, and cheaper.
Blockchain technology is one such technological advancements that promise to make life easier for every participant in the global e-commerce sector. The application of this buoyant technology in the field is not unconnected to the quest to reposition the industry for the better. Also, it has better infrastructures that would help in satisfying the expectations of both the sellers and the buyers.
Interestingly, BIZpaye is one of such blockchain-based platforms that introduce a flexible and safe framework for a smooth thriving of the retail marketplace . As you read through, you would be able to discover the innate attributes in the platform, which make it one of the reliable decentralized e-commerce platforms.
CURRENT CHALLENGES IN THE INDUSTRY
Tons of problems have been holding down the global e-commerce industry from thriving. For an industry that is worth $23 billion every year, more is expected of it. Therefore, the current challenges in the industry are not supposed to be there, or ought to be at the minimum at worst.
Topping the chart is the centralized model that entrusts more governance and control of the system to centralized sources, such as governments. They, in turn, manipulate the system to their satisfaction.
On the other hand, the current e-commerce system is yet to mature to a state where cryptocurrencies would be used in the barter process. That could have helped in reshaping the fortunes of the industry, especially now that many sectors of the economy is tilting towards blockchain and cryptocurrencies.
Third and most important, the lack of trust in the system makes it hard for sellers to trust buyers and vis-à-vis. That is so because the buyers are not sure of the seller at the other end. The seller on its part is not sure that the buyer is willing to purchase or would make payments on receipt of goods/services, especially in a Pay-on-Delivery (PoD) setting.
THE FEASIBILITY OF THE BIZPAYE PLATFORM
You noted earlier that BIZpaye is a blockchain-based platform, right? Now, it has the sole concentration on the digital sphere with particular consideration for the ecommerce sector. The robustness of blockchain and the array of services offered by the platform form the basis for the integration of blockchain into the fragmented world of electronic commerce (e-commerce).
HOW CAN BIZPAYE FIX THE ISSUES?
Blockchain, as the sole architecture of the BIZpaye platform, combines with other features in the platform to create a unifying and feasible ecosystem for e-commerce transactions.
Below are the highlights of the retail marketplace by BIZpaye.
The BIZpaye Barter Trade and the BIZpaye Crypto Platform
The two structures we have here are the working instruments that drive the multi-transactional B2B & B2C onlinetrading platform by BIZpaye. The two unite to create a globalized and decentralized model of facilitating barter traders among the participants.
Generally, the roles played by the platform centre on the overall improvement of e-commerce. Among the features is the provision of a unified marketplace that features merchants/sellers, buyers/consumers and the fulfilment resources. The platform also has a sustainable ecosystem and network that facilitate the transparency, decentralization, and security of orders from the point of placement through the fulfilment stage, and down to the completion of the transaction/order.
Also, the platform delegates smart contracts to underwrite payments of goods and services, while ensuring the fulfilment of orders. It also has an incentive scheme that rewards participants/members for joining and using the BIZpaye marketplace.
The BIZpaye Crypto Swap Platform
Cryptocurrencies are steadily climbing the ladder to become a currency that changes the global system of payments. It does not only facilitate peer transactions but also ensures that security and low fees characterize every purchase through the currency and blockchain.
However, it’s an arduous task for these currencies to be integrated into reality. That informed the reason behind the BIZpaye crypto swap platform. Here, members of the broader BIZpaye marketplace can exchange their crypto coins for the BIZpaye CRYPTO token.
That empowers them to transact within the variable currency transactional platform created by BIZpaye. It also gives the members that swapped their crypto coins the opportunity to gain access to over three platforms that are accepting the CRYPTO token.
That way, BIZpaye would be ushering in a new phase to the currencies, which is the acceptance as a legal tender both in the online crypto marketplace, and the offline variant.
Information about the Token
Token Name: BIZpaye Crypto
Ticker: CRYPTO
Token Standard: ERC-20
Token Supply: 1 billion
The Team
Final Words on BIZpaye
Cryptocurrencies and blockchain technology have come to stay. It is up to the global community of crypto users to adopt and implement both technologies in their everyday activities.
I’m pleased with the features on BIZpaye. Hopefully, more investors, including merchants and buyers, would see reasons to adopt the platform for transactions. With that, we could be on our way to ushering in a decentralized, transparent, and secure medium of e-commerce transaction on the blockchain.
For more insight, please click on the links below:
Website : https://www.bizpayecrypto.io/
Whitepaper : https://files.expub.net/Content/Archive/545/BIZPAYE-CRYPTO-WHITEPAPER-MAY-2019-pdf-400154.pdf
Telegram : https://bit.ly/2Xn132C
Telegram Chat : https://t.me/joinchat/Euq84EoblytkqcocQ9zuPQ
Facebook : https://www.facebook.com/BIZpayeCryptoToken/
Twitter : http://www.twitter.com/BIZpaye
Medium : https://medium.com/BIZpayeCryptoToken
Linkedin : https://www.linkedin.com/company/bizpaye-crypto
Instagram : https://www.instagram.com/bizpayecrypto/
AUTHORS DETAILS
Bitcointalk username- Corer
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2373697