Vanig is an e-commerce and supply chain system powered by blockchain technology. It’s aiming to eliminate middleman and reduce the consumer's cost. Vanig is using hyperledger solutions to implement transparency. Vanig is mainly focused on South East Asia market. Non of the Asian e-commerce platforms still not using the blockchain technology to bring the fastest shopping experience to there customers. So here is Vanig! Vanig’s e-commerce platform is safe, secure, easy to use, benefits both buyer and seller and allows cryptocurrency payments.
Why South East Asia? Mainly the size of South East Asian market is expected to reach $88 billion USD by the end of 2025. The middle class population in ASEAN is estimated to reach 400 million in 2020. Internet access in ASEAN is estimated to reach 600 million by 2025 These are the main facts that Vanig platform directly looks at Asian market.
Vanig business Model
Vanig’s revenue model will based on multiple streams.
Seller Fees- a competitive 5% of each sale.
Fiat Transaction Commission- fee of 1.5% to 3.5%.
Monthly Subscriptions to offer “Pro Features For Sellers”
Seller Pro Package - $50 per month in Asian countries & $ 100 per month in developed countries.
Pro Seller + Store Accounts Package- $100 per month in Asian Countries & $200 per month in developed countries.
Vanig Features
Vanig Rewards App
The Vanig Rewards app is a browser plugin to show the price comparison between major e-commerce players and Vanig. This will help Vanig get a higher number of buyers to purchase on the platform.
Vanig Incentives
Writing a review, posting photos or videos will help them earn cashback in the form of Vanig tokens. Buyers will also be rewarded in form of tokens when they list their products on our platform.
One Click Product Listing
Sellers who sign up for the platform can list and export their items quickly as we support importing and exporting in bulk from CSV files. This allow us to onboard sellers quickly on to our platform.
Vanig Crypto Payments
All payments on Vanig are done seamlessly in the form of Vanig tokens and are paid to the seller instantly.
Verified Provenance Data
Vanig will be resilient from fake products as manufacturers are on boarded and mandated to post about the raw materials and processes used to make a product.
Advantages of Vanig
Competitive Pricing
As a blockchain-powered ecosystem will have a direct, peer-to-peer communication from the manufacturer to the end consumer. That allows producers to cut down costs on brokering fees, and the end consumer gets a better deal. Price is driven by market demand and production cost rather than mark up to go above a break-even point.
Authentic Reviews
Vanig’s AI & ML algorithms detect fake reviews based on content of review, history of orders, past reviews and many other factors to build a credibility score for the reviewer and reviews they publish. This ensures buyer confidence on our platform.
Shorter recall process
When a recall needs to be initiated the whole experience is sleeker, faster, and cheaper. Information about the recalled product is quickly propagated through the nodes in the blockchain and registers in the immutable ledger to track and trace.
Real-time tracking
Manufacturers, wholesalers, retails and consumers can track the product in real time. Vanig have implemented an open ecosystem where external data feeds from sensors, data oracles, and other popular trackers are easy to connect to via Vanig’s APIs.
Transparency
Consumers are able to track products with ease and information about defects are stored permanently in the blockchain, resulting in fraud detection and tamper proof transactions.
A Very important Project for all of us, Thank you for developing biggest opportunity with us and thank you to for sdharing with this important article with us.
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