BlocBuy (BBY)Welcome to the future of commerce! BlocBuy is the next step in the evolution of commerce. Utilizing “trustless” smart contracts and distributed ledger technologies, the gap between buyer and supplier gets a whole lot smaller.
What is BlocBuy?A procurement and commerce exchange.
A real world use case for blockchain tech and smart contracts.
A medium for “disintermediation,” i.e. no middle men.
A place free of wholesalers, retailers and distributor costs.
A place where manufacturers sell “DTC,” (direct to consumer)
A place where small businesses receive scale discounts
BlocBuy is an exchange that leverages the power of "group buying" on a macro level for both consumers and businesses. While simple, it's ripple effect has potentially enormous repercussions; we aim to remove the majority of the supply chain by uniting the manufacturer with the consumer or business. The potential to lower the cost of everything, from supplies to end products, is virtually unlimited.
Currently, the company has targeted the 10 trillion dollar industry of construction while building out a consumer friendly exchange as well.
Our Vision- The aerial vision - We aim to make the world a much more affordable place.
- The lofty, more grounded vision - BlocBuy envisions an autocratic community and a seamless continuum of commerce.
- The ground infantry vision - A thriving market place without the unneeded and costly entanglements that plague the current model.
What does it solve?Companies allocate considerable resources to build their brand and know their customer. Currently, large retailers dominate the market place; effectively limiting consumer choice and stifling small business innovation. Some 20% of manufacturer’s costs are spent on trade marketing, hoping to woo wholesalers and retailers. Distributors, wholesalers and retailers add cost and wield influence over consumer choice. No more.
Enter BlocBuyDecentralized and direct, manufacturers can sell and interact with the consumer they desperately (that’s not dramatic) want to know. Small businesses can receive scale discounts. Suppliers can reach a wider audience. And without legacy supply chain costs, lower pricing can be realized every step along the way.
All superfluous intermediaries are removed. Besides the monetary benefits, carbon emissions are all but eliminated. Fairness and transparency prevail as prices that accurately reflect the costs involved in creation come to market.
BlocBuy is poised to become one of the biggest transactional platforms in the world and our business model is simply fees based on transactions.
