E- commerce is the activity of buying or selling of products on online services or even over the internet. It is centers on technologies such as mobile commerce, electronic funds transfer, supply chain management,internet marketing, online transaction processing, electronic data interchange,inventory management systems and automated data collection systems.
However,the whole global e- commerce market recorded the sum of 2.29 trillion $ by 2017 and this was estimated to exceed 4 trillion $ by 2020.
The invention of the blockchian technology have really exposes two large problems that is interrelated with the traditional e- commerce which is unnecessary high fees and abuse of user information's.
Many platforms that exists today are completely built on centralized systems and this centralized systems requires continuous investments, third party intermediaries and payment platforms.
Even the loyalty systems have been abused rather than being rewarded millions of customers privacy have been sacrificed to increase their profit and the tangible value for the rewards which are offered to customers is questionable and conditional.
Many issues have been occurring to the extend that the crypto marketplace brought three problems which are high level of difficulty, limited applicability and lack of user adoptions.
However, because of the occurring challenges that is why the plaza system was created to correct he whole issues and bring the system back to normal platform.
The plaza system is a platform designed to enable private online shopping ,user friendly crypto lifestyle , a debit card and a smart interactive speaker that will serve as a secure crypto wallet and also a mining rig which is meant for utility token and transaction coin.
It is going to hide the complexities of interacting with the blockchain protocols and cryptocurrency payments. The platform will create a plaza card so that every customer can be able to spend their plaza $ in their everyday real world transactions.
THE PLAZA PLATFORM
This is a freedom lifestyle system that has the ability to browse and shop for the best deal across the whole internet any time anywhere.
It has features such as AI,privacy ,savings and security of cryptocurrency payments and also the sensible flexibility to help the users enjoy their favorite products using a payment system that they are familiar with.
The platform is able to achieve or do all these through the following five touch points that is shown below. Any cryptocurrency transaction you initiate through any of these five user friendly touch points,it will synchronise with your state of the art plaza wallet which is upon your second factor authentication.
THE ECOSYSTEM
This platform is created through the intelligent integration of established and emerging technologies. The platform is going to be built in a way whereby it will ensure stability and sustainability that will last long.
It will involve participants such as foundation , platform ,seller,consumers,arbitrators,miners and chatbot. Each of these participants will interact with each other as shown below.
FEATURES OF THE PLATFORM
The plaza platform is an aspirational consumer lifestyle products. The platform has an Al assisted metasearch engine which will scour the world wide web for best options on goods and services. The platform have many potential key features that it uses to carry out some functions and they include
(1)Multi currency client side encrypted wallet
(2)Mobile and desktop apps
(3)Debit card for everyday transactions
(4)Merchant setup that will enable instant over the counter payments
(5)Private communication with plaza chatbots.
TECHNOLOGIES OF THE PLATFORM
The platform will integrate key potential emerging technology of the blockchain network into the layers and these technology include
(1)PAYMENT PROCESSING LAYER-.. The debit card transactions will be carried out through the standard card processing network when a purchase is made.
(2)COMMUNICATION BLOCKCHAIN LAYER-.. All the communication between the participants are encrypted and distributed across the plaza protocol nodes.
(3) MERCHANTCHAIN LAYER-.. This is an internal proof of work and low power blockchain developed in house.
(4)PLAZA CORE LAYER-.. A public smart contract layer that provides a trusted conflict free environment and open source implementation of the plaza token ecosystem.
(5)ETHEREUM BLOCKCHAIN LAYER-.. This is how the plaza ecosystem interacts with outside world through third party exchange.
THE PLAZA TOKENS
The token of the platform will serve as a master driver of the plaza ecosystem. It is a reusable ERC20 token that is transferable on the ethereum blockchain and it can be held within the ERC20 compatible wallet.
TOKEN DISTRIBUTION
TOKEN SALE DETAILS
ROADMAP
CONCLUSION
The main aim of this awesome platform is to create a high performance decentralized e- commerce infrastructure that will enable everyday consumers to be able to benefit from the blockchain technology.
The platform has what not takes to achieve their aims. By merging blockchain with AI and also other emerging technologies. They will minimise costs and then maximise utility. I will advice everyone to invest in these platform because it has a great concept.
For more details click on any of the useful links.
USEFUL LINKS
Website-- https://plaza.systems
Whitepaper-- https://plaza.systems/whitepaper
Telegram-- https://t.me/plazatalk
Ann thread-- https://bitcointalk.org/index.php?topic=3039594.0
Medium-- https://medium.com/plaza_systems
Bounty0x username-- ifeoma419
This article is created in exchange for a potential token reward through bounty0X.