Different technologies control the world. Look around you, and you would discover that technological advancements influence over 80% of our daily lifestyle. From the medium of transportation to the financial system that is steadily embracing online transaction, it’s clear that technology “rules the world.”
Now, what matters is the type of technological advancement that appeals to you and how it can make life easier for you. It is acknowledged that cryptocurrencies changed the global payment system by ushering in a peer-like transacting system. The same applies to the blockchain, which introduced decentralization in all ramifications. What happens when the two unite to form a joint alliance to fighting some of the inadequacies in the global e-commerce sector?
The outcome of such a move would be the BIZpaye marketplace.
I implore you to read this article to the end to discover the “new system of things” where blockchain would be the standard for reinventing the barter/e-commerce system.
WHY SHOULD I USE BIZPAYE?
Let me intimate you with the setbacks in the industry so that you can have a better understanding of the market opportunity for the decentralized marketplace introduced by BIZpaye.
Top on the list is the inability to monetize or convert barter credits into the fiat version. The problem had been on for long, and caused the merchants and other participants to “leave more money on the table”. There is a need to have an efficient system that would make the conversion tenable.
The other problem borders on trust. Undoubtedly, a business or transactional model that doesn't have the confidence of its target audience/buyers is bound to fail, sooner or later. So, the inability of buyers in the current e-commerce environment makes it harder to transact within the sphere. When you can’t pinpoint “who controls your money”, what then would you be doing in the system? You would even be afraid to continue for fear of being ripped off.
FEATURES OF THE BIZPAYE BLOCKCHAIN
One thing that can’t be taken away from the blockchain technology is the fact that it introduced peer transactions that shut out intermediaries. It is also famous for speedy transactions and low fees.
Therefore, we should be expecting more of that on the BIZpaye marketplace. The barter system we have here does not only work without intermediaries, but also facilitates the purchase of goods and services without hassles in the retail marketplace.
Without much ado, let’s look at the features of the BIZpaye blockchain with regards to the online crypto marketplace it introduced.
THE BIZPAYE TRADE NETWORK
The entirety of features by the BIZpaye blockchain revolves around the introduction of a decentralized model for facilitating e-commerce trades. It would be hosted under the auspices of the Global Trade Management Limited, which is a Hong Kong-based company. The company uses a variety of cryptographic technologies to create the BIZpaye trade network, which doubles as the BIZpaye ecosystem for facilitating e-commerce transactions.
In the setup, the BIZpaye marketplace ensures that cross-border transactions are validated in real-time. It also maintains affordable prices for goods and services, transparent deals, and an all-around convenience for e-commerce transactions.
WHO ARE THE PARTICIPANTS?
Ideally, BIZpaye welcomes the stakeholders in the conventional e-commerce system into its retail marketplace. We’re looking at the likes of buyers and sellers. The platform also supports the BIZpaye crypto wallet that allows you to buy crypto and the BIZpaye marketplace where all transactions are initiated.
THE STRUCTURE OF THE BIZPAYE MARKETPLACE
The participants/members of the BIZpaye online crypto marketplace have distinct roles to ensure the success of the platform. Below are highlights of their activities within the broader BIZpaye ecosystem:
• Sellers
Sellers are empowered to list their products and services on the retail marketplace without hassles. Other activities they initiate on the platform are the publication of goods and services for sale. They can also facilitate the delivery of the products if need be. Sellers also pay the designated fee for listing/advertising their products and services on the BIZpaye marketplace.
• Buyers
BIZpaye made the system efficient for buyers to purchase their favourite products without fears of the low quality of fraud. Instead, buyers can search for products they want to buy and place orders for them. They would then proceed to pay for the goods/services and have them delivered when due.
Also, buyers would give feedback regarding their purchase and get referrals and loyalty at intervals, depending on their performance.
• Fulfilment Resources
The delivery systems (fulfilment resources) are not left out in the decentralized retail marketplace introduced by BIZpaye. Their role is to confirm the buyers’ orders, collect the products from the sellers/merchants, and dispatch the same to the buyers in real-time.
The fulfilment resources here take the same structure as the conventional logistic companies. However, their operations are more flexible and faster.
Token Information
Token Name: BIZpaye Crypto
Ticker: CRYPTO
Token Standard: ERC-20
Token Supply: 1 billion
The Team
BIZPAYE: THE FUTURE OF ECOMMERCE?
The buying and selling of goods and services have undergone different twists and turns in recent years. The advent of the Internet made things better with the online-based system of buying and selling of these services.
The blockchain technology promises to do better. The decentralized structure and the scalability combine with the entirety of the network’s operations to improve the fortunes of the global e-commerce industry.
The unanswered question is on whether BIZpaye would be the future of e-commerce? Well, future events would suggest the possibility of that. For now, I wish BIZpaye well in its exploits.
USEFUL LINKS ;
Website : https://www.bizpayecrypto.io/
Whitepaper : https://files.expub.net/Content/Archive/545/BIZPAYE-CRYPTO-WHITEPAPER-MAY-2019-pdf-400154.pdf
Telegram : https://bit.ly/2Xn132C
Telegram Chat : https://t.me/joinchat/Euq84EoblytkqcocQ9zuPQ
Facebook : https://www.facebook.com/BIZpayeCryptoToken/
Twitter : http://www.twitter.com/BIZpaye
Medium : https://medium.com/BIZpayeCryptoToken
Linkedin : https://www.linkedin.com/company/bizpaye-crypto
Instagram : https://www.instagram.com/bizpayecrypto/
AUTHORS DETAILS
Bitcointalk username- arnoldrimmer
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=31787;sa=summary