How Spl.yt Disrupts the Corporate Paradigm for Good via Decentralization

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Decentralization is quickly becoming more than just a pipe-dream. It has crossed into the realm where technology meets social philosophy and integral psychology. It has become a word of great gravity, sounding world-changing echoes of equality through all governments, classes, sexes, and races of humanity. The decentralized nature of some blockchain protocols are changing the previously accepted power structure and enabling a better form of democracy. This is why Spl.yt aims for decentralization.

W.B. Yeats wrote in his poem “The Second Coming,” “Things fall apart; the centre cannot hold,”. He was speaking of a great disruption. And disruption is exactly what decentralization will bring to so many legacy establishments worldwide, from finance — the first and most obvious use case, begun with Bitcoin — to healthcare records, supply chain management, travel, real estate, voting, energy, verification of hard assets and in the case of Spl.yt, e-commerce.


Yet instead of things falling apart, we are seeing them come together. As decentralized blockchain structures have demonstrated, an ecosystem’s strength can be increased by its lack of central authority, allowing the sum of its parts greater transparency, security and accountability. Possibly most important for commerce, blockchain ecosystems empower individuals with direct peer to peer (P2P) interaction and exchange, mitigating the need for the red tape and added costs of middlemen. And with this new accessibility for individuals to directly connect and transact in an orderly fashion, we are seeing the additional benefits of lowered costs, increased security, and a future ripe for innovative products.

With these thoughts in mind, Spl.yt is dedicated to maintaining a decentralized development and management of its ecosystem. But what exactly is the best way to initiate growth in a decentralized fashion? The following highlights some of our plans on how Spl.yt will achieve decentralization:

Non-Profit Orientation — A truly decentralized project must be structured so that all stakeholders’ interests are aligned with the product’s benefit. Entities who exist to maximize profits and revenues are frequently manipulated to meet those ends, rather than focusing on driving the network effect through meeting user needs. For these reasons, the Spl.yt Core Foundation is a non-profit company so it can focus on making Spl.yt the best e-commerce system without concern of undue influence.
DAICO — A Decentralized Autonomous Initial Token Launch (colloquially referred to as a “DAICO”) help bridge the gap between an initial team with centralized control and a product that is ultimately through decentralization. DAICOs give users protections over their own rights and an ability to influence how a team performs, all through a smart contract mechanism. This mitigates the risk of 51% attacks traditionally represented by other DAOs while still leveraging those models’ crowd-sourced knowledge, participation, and natural centralization-resistance. Spl.yt is currently exploring and testing a modified DAICO model to ensure the platform is already on the path to full decentralization at launch.
Representation of All Parties — We believe systems built to coordinate many people’s behavior and transmit value are often better decentralized. A decentralized system must reflect the thoughts and interests of everyone involved.Therefore the interests of early adopters, developers, users, and anyone else involved have a chance to influence the direction without any single party accumulating veto power. At Spl.yt, we recognize that volatile utility tokens creates a situation where financial interests and users, and developers interests may clash over who directs outcomes. We are actively researching and developing methods to overcome this current market reality in a way that minimizes informational asymmetry between the parties to the greatest extent that is technically possible.
While Decentralization makes a lot of sense in blockchain protocols, we must remember that for most projects, decentralization is still a goal than reality. Full decentralization is difficult to achieve and even harder still to maintain. Decentralized networks are a paradigm shift from what we have been accustomed to since the beginning of human history. Thus, it will be as much a change in how behavior is influenced as much as just a technical process that needs to be worked on and improved every day. Spl.yt is committed to this process as we believe that while decentralization is possibly the most difficult route to pursue, it is ultimately the best path for the greater benefit of its users.

We look forward to working with our users, contributors, and the rest of the blockchain community as we all explore how to truly achieve decentralization.

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Online markets are constantly improving as platforms become easier to use and more convenient for both buyers and sellers. As we move towards a more digital centric day-to-day, the parties that facilitate e-commerce become gatekeepers to competition and center points prone to security concerns. Spl.yt, a Science Blockchain backed start-up out of Santa Monica CA, leverages Blockchain and smart-contracts to solve these problems, enabling all users to profit from a decentralized e-commerce experience and set the stage for the continued evolution of online marketplaces.

Spl.yt automates the inventory listing process, fraud and spam detection, and payments to affiliate marketers by using smart contract protocols. Spl.yt “splits up” these tasks, normally done by 3rd parties, to incentivized users by combining Blockchain and Smart-contracts. The result, e-commerce buyers and sellers can transact online for cheaper with less hassle than ever before.

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Spl.yt Core Foundation, a Science Blockchain-backed nonprofit operating out of Santa Monica CA, is an open-sourced smart contract-based e-commerce protocol that will support the foundation of a more efficient, transparent, and secure e-commerce system. Spl.yt will help buyers and sellers save time and money by removing middlemen functions and services through decentralizing the e-commerce stack. Spl.yt’s top smart contract capabilities include an automated global inventory system, fractional asset ownership and management, inter- marketplace reputation tracking, fair dispute resolution system, and automated affiliate marketing rewards. All of these features are powered by the blockchain, assuring anyone who buys or sells things online that they will have the most fair and efficient e-commerce experience possible. For more details, please visit https://www.spl.yt/.
Spl.yt is the first smart contract-powered e-commerce protocol designed to automate points of friction in the e-commerce industry -- barriers that have allowed large centralized oligopolistic entities (like Amazon, Walmart, Alibaba, ebay, Walmart, and CJ Affiliate) to capture the legacy market. Spl.yt’s Alpha demo is available to test loading inventory onto its decentralized inventory system and to use its software tokens. A few other blockchain-based projects are developing platforms to address various issues plaguing today’s e-commerce regime, thereby validating the need for solutions, though their centralized business models and failure to contemplate decentralized governance over their products indicates they will never reach the same levels of success truly decentralized projects Bitcoin or Ethereum have. Without evidence of progress and a truly decentralized mission, we do not believe these new projects represent real competition, so Spl.yt’s real competitors are those listed above that reap a lion’s share of the rewards without adding value for buyers, sellers, and other marketplaces.

Spl.yt is a blockchain-powered “public social utility,” meaning anyone with an internet connection can use it at no cost besides the gas needed to secure the blockchain. The power of decentralized cryptocurrencies and smart contracts makes this possible because users themselves can define the growth of the system while directly reaping the benefit of their contributions. What’s more, Spl.yt is run by the Spl.yt Core Foundation, a non-profit designed to work itself out of existence, leaving a system that runs itself (similar to the internet) without any controller-middleman susceptible to bias or corruption.
Spl.yt’s smart contract protocol enables the formation of a global inventory and universalized reputation scores as well as the automation of such costly processes as dispute resolution and affiliate marketing management.At Spl.yt, our mission is to empower people with tools and awareness to achieve their goals while participating in a fair and secure e-commerce system. We do this by virtue of blockchain technology, which ensures accuracy and immutability of information and removes the need to rely on costly intermediary applications and services . Since all pertinent information is viewable by all parties on our decentralized blockchain, Spl.yt offers a level of transparency never before available on platforms for e-commerce.
We believe the biggest industry in the world should be owned and operated by people, not centralized corporations. Spl.yt will help buyers and sellers save time and money by removing middlemen functions and create better opportunities for e-commerce participants to achieve their dreams.

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It’s here where the Spl.yt Core Foundation is developing the protocol to automate these functions in a decentralized way, with the ultimate goal of working themselves out of existence so that community members can run a truly decentralized e-commerce network while blocking the aforementioned behemoths from reemerging in the same harmful way.
“The existing e-commerce regime only benefits a few powerful middlemen at the top of the ‘food chain,’ so to speak,” said Taghehchian. “Ten years ago it was difficult to build an e-commerce website but easier to monetize. Today, it’s easy to build a website using templates but very hard to make profit due to the couple of online storefronts that own nearly 60 percent of the market share. We believe in a new e-commerce structure that is more egalitarian, instead of top-down.”
He reiterated that the goal is to empower all e-commerce players so that they can make a good living and earn rewards for their contributions to foster the health and growth of the entire e-commerce ecosystem.
The grand vision, said Taghehchian, is to introduce an open and global inventory system for product listings across marketplaces, saving buyers and sellers time and resources. Seller listings will be automatically updated across all Spl.yt connected marketplaces, with buyers only needing to search one platform to access accurate product availability and pricing.
He added that the Spl.yt protocol will also be used to incentivize affiliate marketers, such as social media influencers or even would-be-competitor marketplaces, to assist in the sale of a product. This will be achieved by issuing automated affiliate rewards to any party contributing to the sale of the item.
“The potential use cases for improving efficiency, transparency and security across the industry are as endless as our own imaginations,” Taghehchian said. “Our aim continues to be to open doors for innovative businesses and entrepreneurial individuals to achieve their potential using the capabilities enabled by the Spl.yt protocol. Our long-term vision is to keep moving toward a more decentralized future wherein the greater e-commerce ecosystem is owned and operated by people within a fair and automated network of participating parties.” 

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The number of entrepreneurs is growing globally; regardless of this growth, successful entrepreneurs all have characteristics that are commonplace: a mindset to achieve, the ability to create new products and services by realizing something is missing or can be changed in the world, and sometimes, most importantly, the fortitude to make that change happen. The successful entrepreneur has less time at home (or is working when he/she is there), takes fewer vacations, and carries the responsibility for the success of a given organization on his/her shoulders. Entrepreneurship isn’t for everyone; but for those who elect to take this path, there is a mindset and a motivation like none other.Cyrus Taghehchian is the Co-Founder and CEO of Spl.yt, an e-commerce blockchain protocol that serves as an infrastructure to create a public global inventory system and affiliate network. Cyrus specializes in technology strategy and implementations in the e-commerce and digital marketing space, including leading his previous companies through product and market fit phases. Cyrus entered the blockchain space in 2015, having taken several notable active involvements, collaboration and advisory roles within the blockchain community where he applies his unique business development perspective to promote blockchain and distributed ledger technology. “As an innovator, it’s important to shorten the feedback loop to learn quickly,” says Cyrus. “Fail fast and often. Technology like blockchain and decentralization is a great way to hypothesis test new ideas.”

[oscarwhale189]

Spl.yt Core Foundation, a Science Blockchain-backed nonprofit operating out of Santa Monica CA, is an open-sourced smart contract-based e-commerce protocol that will support the foundation of a more efficient, transparent, and secure e-commerce system. Spl.yt will help buyers and sellers save time and money by removing middlemen functions and services through decentralizing the e-commerce stack. Spl.yt’s top smart contract capabilities include an automated global inventory system, fractional asset ownership and management, inter- marketplace reputation tracking, fair dispute resolution system, and automated affiliate marketing rewards. All of these features are powered by the blockchain, assuring anyone who buys or sells things online that they will have the most fair and efficient e-commerce experience possible. For more details, please visit https://www.spl.yt/.
Spl.yt is the first smart contract-powered e-commerce protocol designed to automate points of friction in the e-commerce industry -- barriers that have allowed large centralized oligopolistic entities (like Amazon, Walmart, Alibaba, ebay, Walmart, and CJ Affiliate) to capture the legacy market. Spl.yt’s Alpha demo is available to test loading inventory onto its decentralized inventory system and to use its software tokens. A few other blockchain-based projects are developing platforms to address various issues plaguing today’s e-commerce regime, thereby validating the need for solutions, though their centralized business models and failure to contemplate decentralized governance over their products indicates they will never reach the same levels of success truly decentralized projects Bitcoin or Ethereum have. Without evidence of progress and a truly decentralized mission, we do not believe these new projects represent real competition, so Spl.yt’s real competitors are those listed above that reap a lion’s share of the rewards without adding value for buyers, sellers, and other marketplaces.