Demblock marketplace is an already fully functioning and working decentralized electronic marketplace with the possibility to offer notarized supplier data on the blockchain.
|Token price||0.01 ETH|
|Token for sale||10,000,000 Dbto1|
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Suppliers have the possibility to list their products on the DemBlock marketplace and to conduct corporate and sourcing verification on the blockchain. The payment for all these services on the marketplace is solely possible with Company tokens. The Company marketplace will focus on building global network of buyers and sellers in order to facilitate the trade in raw materials, components and finished goods. Began coding the Company marketplace in late November 2017. Company marketplace is not just a mere mockup or simple MVP. It is a fully functional Blockchain enhanced marketplace.
Problems aims to solve
Deceptive material sourcing claims
A plastic bag producer suddenly updates his corporate profile on a marketplace, where he offers his products, claiming to have used ecologically recyclable raw materials ever since, just to appear more trustworthy and environmentally conscious to his customers. New potential customers will never know if this was true or not.
A shirt manufacturer claims to have industry standard quality verifications and uploads a supposedly genuine verification report on his corporate profile. A customer then searches the relevant verification authority’s database, finds out that this particular company is not verified. Confronted with using deceptive claims, the shirt manufacturer deletes the uploaded verification report from his corporate profile on the marketplace.
Corporate productions site claims
Company “A” claims to produce the goods, it trades on an online marketplace, by itself on a specified industrial site, whose address is indicated on the company profile on that certain marketplace. In addition to that the company uploads photos claiming to show its factory site, including production machinery, workers, trucks, warehouses and other factory equipment.
Development in market
With the rise of the internet search engines in mid 1990s, searching the web with only one keyword became possible, enabling users retrieve information from the internet concerning a special subject of interest with only one button click. The only thing the user needed was a keyword. Around the same time, ecommerce pioneers succeeded in combining computer networks and the internet into an intermediary between buyers and sellers of every product sold, thus creating efficiencies by allowing sellers to upload product pictures and text descriptions and make them visible to buyers.
Electronic marketplaces usually maintain and operate a reputation mechanism to reflect the trustworthiness of sellers. A high reputation seller can attract more transactions leading to higher revenue. Most widely used reputation system is the credit based system. The seller collects credits in form of feedback ratings, which are expressed by buyers after each transaction. Generally, there is a base reputation system where each seller is associated with a reputation score, which is the summation of all his feedback ratings. A new seller starts with a zero reputation score.
Changing e-commerce industry
The aggregation of heterogeneous corporate and sourcing verification documents will allow us to locate and identify verified global trade patterns and trends and form information clusters in way never accomplished before. The information clusters formed by processing this data will enable an enhanced level of trade related intelligence for all participants conducting business on the DemBlock marketplace. These data will on one side be time-stamped and serve as a digital proof-of-existence and on the other side create digital value that can be transferred.
Fulfill major milestones
The sale volumes generated by selling DemBlock marketplace access tokens will not only help us fulfill major milestones, but will also enable us to generate more revenues by
allocating the funds to direct value driver activities. Each additional feature that will be developed will also improve the overall strength of the DemBlock marketplace and add extra value to the DemBlock tokens. Besides the sale volumes generated selling DemBlock marketplace access tokens will allow us to focus on customer acquisition activities through targeted wide spread marketing campaigns and business development efforts.
Nedim Begic Founder, CEO and Lead Dev
Nejra Musanovic Business Development
Samra Kapo Marketing
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Quote This article is writing on 22 July 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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