sumurbor: Vanig

introduction

E-commerce is a global business that amounts to trillions of dollars of commercial value. The average class will triple the cost by 2030; the sharing economy could exceed $ 300 billion by 2025; more than 1.4 billion people bought an online product or service in 2017; the total gross value of B2B and e-commerce exceeded $ 20 trillion the same year. We are facing a global market with the potential to raise awareness of emerging and consolidated economies.

E-commerce is rapidly gaining ground in emerging markets and this year most major emerging markets are expected to have more online and offline buyers. The message is clear: e-commerce becomes the new channel in both developed and emerging markets. Despite the notable growth, the global e-commerce industry is still characterized by two large dimensions and interconnected problems - inefficiencies in the supply chain procurement and shortcomings of e-commerce. Let's get through to solving these problems with Vanig.

The Vanig solution

Vanig Ecosystem - IllustrationThe solution Vanig uses blockchain technology to offer the first integrated to the global e-commerce platform with supply chain. The integration of e-commerce and supply chainrende Vanig unique. We aim at the inefficiencies of modern e-commerce and supply chains, and will use smart contracts and the respectable register of a blockchain. At its core, we have a proven blockchain technology that has been developed by the largest blockbuster of the world's technological consortium, Hyperledger. The Vanig ecosystem is a robust, scalable decentralized blockchain based on permits. This illustration shows how the different Vanig Ecosystem participants interact with each other using Smart Contracts.

Vanig process flow

The consumer places an order using the Vanig website or the Vanig Mobile app.

The smart contract n. 1 is written automatically and acquires the order details between the consumer and Vanig and is stored in Vanig's blockchain ecosystem.

The manufacturer / retailer sends the product from their position which activates another Smart contract n. 2 between the manufacturer and his distribution agent.

The distribution agent takes the order from the manufacturer and delivers it to the consumer.

The recognition of delivery by the consumer will activate another Smart contract n. 3

between the distribution agent and the consumer.

Finally, the Smart contract no. 4 is created to capture the transaction log between the

wholesaler and producer