Galaxy e-Solution, Global eCommerce With BlockChain Platform

What is Galaxy e-Solution?

Galaxy eSolutions (GES) is a Global eCommerce marketplace for refurbished and pre-owned consumer electronics. Operating as an open source ecosystem and incorporating the hybrid P2P Blockchain platform onto one of the marketplaces for phone trade-in that has a direct C2B and B2B model. This blockchain will be used for recording details of the goods, the logistics and transactions. It will reduce inefficiencies caused in supply chain, and resolve any supplier credibility issues. The tokens will become utility tokens and will be able to be used on the blockchain platform as discounted listing fee and transactions.

The is to further environmental sustainability by utilizing a decentralized, pre-owned and refurbished ecommerce ecosystem designed to advance the sharing and circular economies.

The sharing economy, or collaborative consumption, refers to resource circulation systems which allow consumers a two-sided role, in which consumers may act as both providers of resources and obtainers of resources. The driving forces behind the rise of sharing economy organizations and businesses include:

Information technology and social media
Urban lifestyle & demographic shifts
Increasing volatility in cost of natural resources

what’s driving the adoption of this sustainable lifestyle, how do we define truly collaborative, sharing economy companies
1)The core business idea involves unlocking the value of unused or under-utilized assets (“idling capacity”) whether it’s for monetary or non-monetary benefits.

The company should have a clear values-driven mission and be built on meaningful principles including transparency, humanness, and authenticity that inform short and long-term strategic decisions.
The providers on the supply-side should be valued, respected, and empowered and the companies committed to making the lives of these providers economically and socially better.
The customers on the demand side of the platforms should benefit from the ability to get goods and services in more efficient ways that mean they pay for access instead of ownership.
The business should be built on distributed marketplaces or decentralized networks that create a sense of belonging, collective accountability and mutual benefit through the community they build.

The Problem

Refurbished Phones (B2B/C2B) Industry Pain Points

Phone Versions Unclear/Products Not as Described
Potential Frauds/Scams
High Cross-Border Transaction Costs
Product Movement Verification

Market

Galaxy eSolutions predicts that the preowned and refurbished consumer electronics market will continue to grow due to a variety of factors, including:

Insatiable demand from developing countries.
Growing needs for a consumer to have a second phone (one for business/work).
Shorter life cycles of consumer electronics and the continuous upgrading. ▪ Growing awareness of the need for environmental sustainability.
Large scale adoption of sharing and circular economies

The Solution is Blockchain

Building Trust in a Trustless Environment. Our team will design an API call to a online database service provider and put the information of the IMEI collection as well as the tracking of it on blockchain.
Eliminating the Risk of Frauds and Scams. Putting such critical information on blockchain would certainly help to stop scams as well as improving trading experience. An API with IMEI database companies could facilitate the checks even faster which is in the plan.
Reducing Transaction Costs and Time. Cross-border transaction fees will be greatly reduced by choosing to transact using cryptocurrencies such as BTC, ETH or even using GES tokens.
Tracking Product Movement and Refurbishment Details. Information such as when items have been refurbished, who did the refurbishment, current status of warranty period, courier used, dates dispatched, tracking numbers, shipment weight, and many other logistics records can be put on the blockchain, improving trading experience, combating fraud, and preventing shipment inconsistencies.

Galaxy eSolutions Platforms

Instead of selling refurbished electronics through a single, consumer-facing website, Galaxy eSolutions operates a number of platforms, including NDBD, YABPhones, Android Reborn (under renovation), and Mobile Freak (under development)

Galaxy eSolutions, Limited is a Global Cross-border eCommerce business that is set to become the Market Leader in the Pre-owned and Refurbished Consumer Electronics Sector. Achievements include:

Reached almost 2M USD monthly sales within 9 months.
Reached monthly operational break-even point in August 2017.
Projected to reach 120M USD sales in 2018.
Exclusive partnership with licensed Apple and Samsung refurbishment factory in bonded zone

The Galaxy eSolutions Hybrid eCommerce Business Model

Galaxy eSolutions is an ecommerce ecosystem focusing on the pre-owned and refurbished economy which is worth multi-billions. We have several strategic business units, including NDBD, Yabphones, and Mobile Freak. NDBD and Yabphones are centralized, and focused on selling, while Mobile Freak is a decentralized P2P buy-and-sell platform.

NDBD: Currently a B2C (Business-to-Consumer) site evolving to become a marketplace with approved suppliers).
Yabphones: A B2C and F2C (Factory-to-Consumer) site with own branding refurbished products.
Mobile Freak (mobilefreak.com): a site to be built on blockchain to serve the C2C (Consumer-to-Consumer), C2B (Consumer-to-Business) and B2B (Business-to-Business) refurbished markets.

Company Details

Global Cross-border eCommerce Specialist.
Incorporated in Hong Kong.
Launched December 2016.
Current Products include refurbished Apple phones and iPads, Samsung, HTC, LG, Google phones, and DJI Drones.
Overseas support offices in Philippines, Europe, Australia.
Total Staff: 55
Projected Sales (2017): 20M USD
Number of Country Markets: 26 (Europe, ANZ, NA, etc)
Planned Country Markets: 50+
Number of Current Websites: 4 main sites (30 if including subdomains which are localised with local languages, marketing and payment options).
Proprietary ERP system.
Full eCommerce Solutions including logistics, fulfilment centre, payment gateway solutions, RMA support, e-marketing.

Operational Structure

The entire business process is managed by Galaxy eSolutions.

Phones Shipped/Day: ~200
Country Markets: 30+
Web Traffic/Month: ~2.5M
Customers: 30,000+
Subscribers: 70,000+

Objectives

Achieve clear profitability by end of 2018.
Exceed 1BN USD sales by 2022.
Reach 300M USD valuation of by end of 2022.

Core Metrics

Average Order Value: 320 USD
Stock Turn: 52
Cash Cycle Turn: 52

Token And Funds Usage

What Makes Galaxi e-Solution Special?

Key Differentiators Branding.

Galaxy eSolutions uses its own branding to build consistent consumer expectations across products.
Price. Not only that, but Galaxy eSolutions guarantees the best price/quality matrix. ▪ Foxconn Quality: 95/100; Price: 95/100 ▪ GES Quality: 85/100 ; Price: 70/100 ▪ Misc Competitors: Quality: 65/100; Price: 65/100
Speed to Market. Because the company controls the whole supply chain, it’s in full control of all processes required before reaching the market
Warranty. Galaxy eSolutions has a 13-month warranty on all consumer electronics sold through their refurbishment program, a warranty unmatched for professionally refurbished electronics.

Competitive Study and Comparisons

Other Comparison Studies:

Newegg (newegg.com)
Zhuanzhuan (zhuanzhuan.com)
Aihuishou (aihuishou.com)

SWOT Analysis

Strengths

Proven Business concept and model with tangible success. ▪ Current sales all via own stand-alone websites. Full control over destiny.
Strong partnership in current investors: A well-established logistics company (10,000 staff) and a licensed factory in a bonded zone.
Cost-effective overseas office and marketing support. ▪ Own proprietary ERP built for eCommerce.
HQ in Hong Kong, a logistics, trading, duty-free and recycling goods hub.
High inventory and cash turns.

Weaknesses

Inadequate funding restricted growth.
Low level of inventory to meet demands caused poorer than desired reviews.

Opportunities

Inadequate funding restricted growth.
Market offers chance for consolidation especially for one that has supply chain advantage.
Huge potential in emerging markets and developing countries such as India, SEA, Brazil, and Russia.
Chinese brands consumer electronics becoming a dominant force (e.g. Huawei, DJI etc).Sales could be easily increased manifold by selling thru marketplaces (such as Amazon).
Market becoming more environmentally conscious and encourages recycling.Generate B2B and Corporate Purchase sales.
Marketplace opportunities exist aplenty for further growth (e.g Amazon Renewed invited us to sell there).

Threats

Global protectionism and nationalism (increasing trade barriers).
Waning popularity of Apple products.
Loss of Apple and Samsung refurbishment rights.
Big players coming into play (e.g. Amazon) as global cross border eCommerce giants are looking for growth.