Token economy extended to blockchain
There are often stereotypes about blockchain and e-commerce, such as instant payments, fraud resistance, zero fees, and more, and in this article we want to delve into the concepts of token economy, extended to blockchain.
It is estimated that e-commerce is a $25 trillion business and growing 4% every year. If stores were to start operating on blockchain today, they could access a market value of over a trillion dollars per year.
As things stand now, e-commerce platforms have taken over the market. These are mostly “monolithic” structures that give value and centrality to the customer, but at a high price, because they are actually accumulating data and information that separates people from the value created.
Currently, accepting online payments requires an expensive IT infrastructure that supports, guarantees, and protects the entire “supply chain.”
Blockchain and e-commerce systems
But contrary to what one might think, a supply chain on blockchain does not require complicated start-up procedures: to start a business it is sufficient to register, complete the KYC and AML processes, download and customize the Wallet, integrate APIs.
Anyone can receive immediate transactions thanks to tokeneconomics: these transactions are tracked and completely safe, as well as irreversible and with very low fees regardless of the amount transferred. The traded asset can be exchanged in real time with the current currency and be immediately available on the Fiat account.
Payments made via blockchain are global: anyone can transfer and receive money anywhere and at any time. There is no need to use bank accounts, credit cards or PayPal, only a wallet on the mobile phone is required.
Takamaka is a solution for B2B and B2C
through which all stages of a supply chain can be integrated into the same smart contract system: from warehouse to store and even to the customer’s home, every single step is carefully tracked through RFID chips integrated into the merchandise. This way, an efficient supply chain can be created, controlling the origin of a product and sending a transaction every time it changes hands.
The technology is designed to generate non-divisible tokens to be linked to intrinsically indivisible objects for any type of product, from books to shoes: this way, it is already possible to associate each single record, written on the blockchain, to the asset and its history. Takamaka is a fast and economic network, a blockchain that is easy to program in Java and represents a real revolution in the B2B and B2C sector.
The network can accept crypto payments and convert them into fiat in real-time, track goods and integrate with oracles, without having to build an entire decentralized system or use expensive infrastructure, thanks to the meta-transactions, the fees are negligible. The vision of Takamaka is to enable the development and creation of a strongly decentralized commercial ecosystem, capable of developing an infinite number of applications and “democratizing” commerce, creating in fact a new system for the exchange and sale of goods, autonomous and decentralized.
For more information visit www.takamaka.io
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