Blockchain and e-CommerceBlockchains are a natural fit for eCommerce, since they were designed for storing transactional data. However, this data doesn’t need to be financial. It can be any distinct action that requires an immutable record, including actions related to payment and order fulfillment. Blockchain-powered currencies (called cryptocurrencies) were the first implementation of modern blockchain technology, with Bitcoin leading in popularity and global adoption. Blockchain transactions take place on a single network, reducing or outright eliminating the need for intermediaries. Transaction speeds are limited only by the speed of the network and by the speed at which new blocks can be generated. Blockchains work well for payment processing because they balance speed, privacy, and integrity. Customers and merchants can make secure transactions quickly without exposing themselves nearly as much to fraud. One of the key benefits to eCommerce platforms is that each block in the blockchain links to the previous block. This creates a visible chain of events that closely mirrors the process of fulfilling an order.
Roles of ReoncoinReoncoin focus on Blockchain Technology and its development; Our Developers have been building dApps on several Blockchain and side chain, which are mostly targeted at unveiling the relevance of crypto asset to real time activities. These applications ranges from investment, to commerce, to security, service distribution, and now exchange. We have worked on several Blockchain and side chain which includes: Bitcoin, Ethereum, Monero, POA, Litecoin, to mention a few, there are several online resources hosted by our team patterning to these Blockchain Technology on CDN, GITHUB, Heroku, etc. Reoncoin team is made up of good Blockchain Developers, Hedge Fund Managers, Economist, Business Men and Women of different caliber, web and Software Developers. Clearly the major challenge faced in Crypto Currency and Blockchain technology is how it can be merge to todays activities, like trading, transportation, etc. So we choose some peculiar problems faced in this technology to tackle as well as the below mentioned:
1. Insecurity on Exchange Platform: Solution by storing wallet keys on device locally (Cold Wallet Storage)
2. Cumbersome Account Verification Process: Solution by decentralization platform without KYC (Know Your Customers)
3. ICO Scandals: Solution by easy withdrawal of funds from suspicious ICO
4. Investors are not able to benefit from multiple cryptocurrency with without significant loss in their capital: Solution by multiple coin benefits system
5. Credit card theft: Solution by using cryptocurrency
Reoncoin DApps and ReonXswipezReoncoin Decentralize applications are built to allow you feel the worth of your crypto asset in your local cash and in goods. ReonXswipez is a decentralize A.I system that allows you to swipe your crypto assets to your local currency and or one crypto asset to another, also your local currency to crypto assets. ReonXswipez allows you to:
1. Easily swipe your token either ERC20 Token, Neo Token, IOTA Token, POA Token, to your local currency at the best possible rate
2. It helps you HODL your token in a stable crypto asset by transferring your token to a stable coin or token like Bitcoin Monero etc., -more about this on the White Paper
3. It will also allow you to swipe your Token to any Blockchain coin
4. Also swipe the token you suspect to be fraudulent for coin or your local currency to prevent loss of your fund
5. Swipe one coin for another or one Token for another
6. Swipe your local currency for any Crypto asset
Tokenized e-Commerce Algorithm (TEA)TEA is a decentralize e-Commerce search engine algorithm that allow users shop from various e-Commerce website from one application and allow them pay for the goods with crypto assets. This commerce site includes Amazon, AliExpress, Ebay and Shopify. TEA payment system is independent of the above mentioned sites. So if they accept crypto currency on such site or not TEA will allow users to buy with crypto currencies.
More about this kindly visit website: https://reoncoin.io/
