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June 18, 2018, 02:08:47 AM |
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The Vanig Blockchain is Tackling Key Issues in e-Commerce Today
What is Vanig?
Vanig is an e-commerce startup powered by the blockchain. They have a well-prepared Whitepaper, Business Model, and Executive Summary. Their aim is to create a platform that changes the way e-commerce works. From manufacturer to consumers, they apply the power of the blockchain to make shopping an amazing experience for everyone involved.
Vanig Solution Uses Hyperledger Sawtooth
It is an integrated e-commerce and Supply Chain solution using blockchain. Their platform uses Hyperledger Sawtooth to build an e-commerce ecosystem that tackles key issues in e-commerce today. The Hyperledger Sawtooth is a modular platform for building, deploying, and running distributed ledgers. Distributed ledgers provide a digital record (such as asset ownership) that is maintained without a central authority or implementation. Long considered one of the most promising code bases hosted by the Hyperledger blockchain consortium, Intel-contributed Sawtooth software is officially ready for enterprise use. Intel venture technical lead and Hyperledger Sawtooth maintainer Dan Middleton told CoinDesk:
“We feel that if companies really want to adopt blockchain or a distributed ledger, then we shouldn’t forgo the basic blockchain properties in taking something from a public chain to enterprise usage.”
Vanig is Revolutionizing The Supply Chain
Problem #1: Dealing with Middlemen:
Long supply chains result in an increase in the number of hands a product changes, resulting in an increase in the final price of the product.
Solution #1: Reducing/Eliminating Middlemen
Vanig can effectively reduce the number of middlemen, resulting in the product becoming cheaper for you, and lucrative for the seller.
Problem #2: Long Payment Waiting Periods
If you buy a product from a seller today, the seller has to wait for a long while in order to get the payment for the product. On top of it, the seller loses money in the form of fees.
Solution #2: Instant Payment Transfers
On the Vanig platform, your payment is transferred to the seller immediately in the form of VANIG tokens. This enables the seller to ship your items faster and also results in fair margins for both Vanig and the Seller.
Problem #3: Lack Of Information On Raw Materials
Right now, the information about raw materials used in the manufacture of a product is hidden in data silos that are hard to open without formal investigation or other long tedious means.
Solution #3: Complete Transparency
The Vanig platform can store detailed vital information about the raw materials used in the manufacturing of a product, enabling complete transparency about how the product has been made.
Problem #4: Fractured Tracking
Tracking the source of all the materials used to make a product along with the product is insanely difficult since it is fractured and split across multiple shipping services.
Solution #4: Total Tracking
All the transportation records are stored in the blockchain forever, allowing you to track your orders more efficiently, from manufacturing to delivery.
What Vanig does is bring trust, transparency, traceability, and accountability to the supply chain through the power of Hyperledger Sawtooth distributed ledger technology and shows us what the future of shopping will look like.
Watch this Short Video Clip: The Future of Shopping
References:
Vanig Official Website
The Linux Foundation: Hyperledger.org
CoinDesk: Hyperledger Sawtooth Is Ready for Business Use
ICO Rating
Medium: Research Center Publication: Vanig (VANIG) ICO Analysis: E-Commerce and Supply Chain Made Easy: Executive Summary
#Blockchain #SupplyChain #FutureOfShopping #ICO #ECommerce #Business
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