MIDLE - Digital robotic retailer on Blockchain
Foreword
In the process of developing the project of creating a modern digital retailer, we are faced with the problem of the fact that in many areas the technologies used not only do not meet modern requirements but in general, they do not allow the transition to the digital economy. It will be necessary to create a number of tools that can later develop as separate systems and services.
The choice of Blockchain as a basic technology was justified by the fact that Blockchain has a huge potential for transforming the interaction of individuals and organizations, interacting with each other, transparency of processes and data and, ultimately, better productivity and sustainability of the economy.
Among the main advantages of Blockchain technology, we distinguish its ability to provide trust in an untrusted environment, which automatically eliminates the need for an intermediary to act as a guarantor, thereby reducing transaction costs.
The ability of Blockchain technology to track and verify products, record contracts, guarantee the flow of information, means that it can be used throughout the value chain, benefiting both the business and consumers.
Blockchain becomes the basis not only for a completely new way of doing business but also for transforming the everyday processes of human life.
On the example of Bitcoin's cryptocurrency, launched in 2009, it can be said that there was a long period when she and her basic Blockchain technology were not taken seriously and were only spread in a narrow circle of persons. To this day, the existence of Bitcoin and Blockchain knows a very small percentage of the world's population, and the infrastructure that contributes to their daily use is still in the making.
Only the speedy introduction of innovative technologies into everyday activities contributes to maximizing the benefits for all market participants.
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