Vanig


Introduction

 E-commerce is a global activity amounting to trillions of dollars’ worth of trade. Middle class
spending will triple by 2030; the sharing economy could top $300 billion by 2025; more than
1.4 billion people purchased a product or service online in 2017; the gross total value of B2B
e-commerce topped $20 trillion the same year. We are addressing a global market with
potential outreach to emerging and established economies.

E-commerce is quickly taking over in emerging markets and it’s predicted that this year the
majority of large emerging markets will have more online buyers than offline. The message is
clear: e-commerce becomes the new channel in both developed and emerging markets.
Despite the remarkable growth, the global e-commerce industry is still typified by two large
and interrelated problems - supply chain inefficiencies and e-commerce shortcomings. We
aim to solve these problems with Vanig.

The Vanig Solution

 Vanig Ecosystem - Illustration
The Vanig solution uses blockchain technology to offer the world’s first integrated
e-commerce platform with supply chain. The integration of e-commerce and supply chain
makes Vanig unique. We target the inefficiencies of modern e-commerce and supply chains
and will utilize smart contracts and the reputable ledger of a blockchain. At its core, we have
a proven blockchain technology that has been developed by the world’s largest blockchain
technology consortium, Hyperledger.
The Vanig ecosystem is robust, scalable, permission-based decentralized blockchain. This
illustration below shows how different participants in the Vanig Ecosystem interact with each
other using Smart Contracts.

Vanig Process Flow

  1. Consumer places an order using the Vanig Website or Vanig Mobile App.
  2. Smart contract #1 gets written automatically and captures the details of the order betweenthe consumer and Vanig and is stored in Vanig’s blockchain ecosystem.
  3. Manufacturer/retailer ships the product from their location which triggers another Smart contract #2 between the manufacturer and its distribution agent.
  4. Distribution agent picks up the order from manufacturer and delivers it to the consumer.
  5. Delivery acknowledgement from the Consumer will trigger another Smart contract #3
  6. between the distribution agent and the consumer.
  7. Finally, Smart contract #4 is created to capture the transaction ledger between the
  8. wholesaler and the manufacturer

Timeline for Bounty is:

Week 1: APR-28 MEI-04 Last Date To Post Report: May 8, 2018
Week 2: May-May 5 -11 Date Last For Posting Report: May 15, 2018
Week 3: May-May 12 -18 Date Last For Posting Report: May 22, 2018
Week 4: May-May 19-25 Date Last For Posting Report: May 29, 2018
Week 5: May-26 June-1 Date Last For Posting Report: June 5, 2018
Week 6: Jun-2 Jun-8 Date Last Post For Report: June 12, 2018
Week 7: Jun-9 Jun-15 Date Last For Posting Report: June 19, 2018
Sunday 8: Jun-16 Jun-22 Date Last For Posting Report: June 26, 2018

To more information click link below : 

Author : Sd_angeL
ETH Address : 0x789B68bEac517F49c46039363C36c41942Fb1C8F


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