💥🚀[ANN] INSOLAR - Distributed Business Networks

[Dmitriy_support]

ach, I must say!
The INS Ecosystem has no direct analogues and competitors as of now.

Indeed!)
I hope it'll eliminate the costly intermediates, all those wholesalers and retailers, and pass the saved value to consumers.

That's exactly what we are for: to connect grocery manufacturers and consumers directly and to provide better lower prices. And much more!

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[Limax]

The most successful marketplaces such as Amazon or eBay came to life because they managed to remove middleman entities and replaced them with an automated software.

[Dmitriy_support]

The most successful marketplaces such as Amazon or eBay came to life because they managed to remove middleman entities and replaced them with an automated software.

There’s one important aspect to highlight though. The model is often explained as “removing the middleman” without emphasizing that what actually happens is not a complete removal of the broker in the middle, but rather a replacement of the old broker with a new kind of broker. A much better type of broker, built around a software platform, but still a middleman entity between the supply and demand sides. That centralized software architecture is how online marketplaces are able to capture value and is the critical building block of their business model.

[Limax]

The most successful marketplaces such as Amazon or eBay came to life because they managed to remove middleman entities and replaced them with an automated software.

There’s one important aspect to highlight though. The model is often explained as “removing the middleman” without emphasizing that what actually happens is not a complete removal of the broker in the middle, but rather a replacement of the old broker with a new kind of broker. A much better type of broker, built around a software platform, but still a middleman entity between the supply and demand sides. That centralized software architecture is how online marketplaces are able to capture value and is the critical building block of their business model.

So it means you are better using new technologies?

[Dmitriy_support]

The most successful marketplaces such as Amazon or eBay came to life because they managed to remove middleman entities and replaced them with an automated software.

There’s one important aspect to highlight though. The model is often explained as “removing the middleman” without emphasizing that what actually happens is not a complete removal of the broker in the middle, but rather a replacement of the old broker with a new kind of broker. A much better type of broker, built around a software platform, but still a middleman entity between the supply and demand sides. That centralized software architecture is how online marketplaces are able to capture value and is the critical building block of their business model.

So it means you are better using new technologies?

We are no better or worse, we are different.

[Dmitriy_support]

The blockchain architecture allows peer-to-peer transactions to take place in a secure way without the need for any central entities. Blockchain and smart contracts provide the tools and framework to create a new generation of marketplaces where supply and demand sides can engage in trusted trading transactions, according to various business rules, without the need of a central brokerage entity.
The peer-to-peer structure is the perfect fit for the decentralized nature of our project and has the benefit of handing over the power back to the people participating in the ecosystem.

[Limax]

So that's why you use blockchain technology or why?

[Dmitriy_support]

So that's why you use blockchain technology or why?

We are building a decentralized marketplace that connects grocery manufacturers, consumers, and third-party fulfilment providers.
The blockchain is an ideal fit for this model since it allows one to record the flow of goods and sync the parties together.
Importantly, we also enable manufacturers to run bespoke loyalty programs directed at consumers and run on smart contracts. Smart contracts support any logic manufacturers want to code in the reward - once the customer has met the conditions, the system unlocks INS tokens as a reward.
Blockchain enables us to trim costs. It shortens the supply chain and creates a decentralised environment with more options and lower prices than traditional retail.

[Limax]

I see...so what blockchain platform are you running now?

[Dmitriy_support]

I see...so what blockchain platform are you running now?

We are runnign our ICO at Ethereum but we are reviewing several platforms ​as ​a ​possible ​base ​for ​INS.

[Limax]

we are reviewing several platforms ​as ​a ​possible ​base ​for ​INS.

Why?

[Dmitriy_support]

we are reviewing several platforms ​as ​a ​possible ​base ​for ​INS.

Why?

As the existing blockchain platforms such as Ethereum have inherent limitation in transaction bandwidth (currently limiting to a dozen tx/sec), and prospective platforms and frameworks are only in the development stage, we also consider designing and developing our own INS blockchain platform in the future, where nodes are selected from a semi-trusted set of supporters. Given the trust in the nodes, we will implement one of much faster consensus algorithms from the BFT family (HoneyBadgerBFT/Zyzzyva/others), enabling up to thousands transactions per second.

[Limax]

we are reviewing several platforms ​as ​a ​possible ​base ​for ​INS.

Why?

As the existing blockchain platforms such as Ethereum have inherent limitation in transaction bandwidth (currently limiting to a dozen tx/sec), and prospective platforms and frameworks are only in the development stage, we also consider designing and developing our own INS blockchain platform in the future, where nodes are selected from a semi-trusted set of supporters. Given the trust in the nodes, we will implement one of much faster consensus algorithms from the BFT family (HoneyBadgerBFT/Zyzzyva/others), enabling up to thousands transactions per second.

Thank you so much for the answers, you've been helpful as always!)

[Dmitriy_support]

Thank you so much for the answers, you've been helpful as always!)

You're always welcome!

[titovnn]

Hello, INS! Do you have KYC?

[Dmitriy_support]

Hello, INS! Do you have KYC?

Hello, titovnn! Yes, of course. We do have a KYC!

[buffets123]

Hello, INS! Do you have KYC?

Hello, titovnn! Yes, of course. We do have KYC!

and whats that?!

[Dmitriy_support]

Hello, INS! Do you have KYC?

Hello, titovnn! Yes, of course. We do have KYC!

and whats that?!

KYC (or Know Your Customer) is the process of a business identifying and verifying the identity of its clients.
The Tokens are not being offered or distributed to, as well as can not be resold or otherwise alienated by their holders to citizens of, natural and legal persons, having their habitual residence, location or their seat of incorporation in the country or territory where transactions with digital tokens are prohibited or in any manner restricted by applicable laws or regulations, or will become so prohibited or restricted at any time after this Agreement becomes effective ("Restricted Persons").
We do not accept participation from the Restricted Persons and reserve the right to refuse or cancel the INS token purchase requests at any time at our sole discretion when the information provided by the purchasers within the KYC procedure is not sufficient, inaccurate or misleading, or the purchaser is deemed to be a Restricted Person.

[HP Guy]

where are you going to start the platform?

[Dmitriy_support]

where are you going to start the platform?

We plan to choose cities for expansion based on the population size, income level and grocery market concentration ratio. Our roadmap contains a preliminary list of cities, which might be subject to change as we progress with the project. It includes New York, Los Angeles, London, Paris, Hong Kong, Seoul, Singapore and Tokyo.