PLAZA PLATFORM: A PLATFORM WITH A PROMISING FUTURE

Commerce started way back in the ancient times but the kind of commerce done as of that time was not the kind of commerce we are conversant with as of now. The kind of commerce done then was the " trade by barter" form of commerce. First of all, commerce in the literal sense means the exchanging of goods as well as services on a larger scale. But in the ancient times, goods and services was not exchanged for monetary equivalents but rather people exchange what they have inorder to get what they do not have which is the concept of the trade by barter system of commerce. Commerce was hugely influenced by technology ever since it's adoption and it has changed not only the lifestyle but also the way things are been done. One of the benefits of technology is that it makes activities easier to carry out and it produces also effective result within a short time frame. Application of technology in the commerce sector lead to the creation of e-commerce which involves exchange of goods and services over the internet and this has led to a huge increase in market value of the commerce industry. But however, a platform is on the verge to use a form of technology which is refered to as the technology of the future known as "blockchain technology system" to transform the commerce industry (e-commerce) to provide a more effective and efficient platform and the platform is no order than PLAZA PLATFORM.

BRIEF INTRO OF PLAZA PLATFORM
Plaza platform is a platform with the ideology of using blockchain technology system to provide a more efficient and effective e-commerce industry.
It promises to provide it's users with the convenience of surfing the internet to sort of deals favourable to them and pay for the services with ease and also at a spontaneous rate. The convenience will be provided by an AI model which will be incorporated into the system and at the same time ensuring proper security as well as savings. The plaza platform also promises to issue it's users a payment system which is convenient and familiar to everyone thus enabling them pay for services with ease.

PLAZA ECOSYSTEM
This is the general model which houses all the essential tools required for normal and sweet running of the plaza platform. It considers two major factors:
A. A duel cryptocurrency (Plaza token and PL$ token) which will serve as the fuel that will power the platform.
B. The ecosystem participants which includes: foundation,the platform, sellers, consumers, arbitrators, miners and chatbots.

CHALLENGES OF THE CURRENT E-COMMERCE INDUSTRY AND THE SOLUTION OFFERED BY THE PLAZA ECOSYSTEM.

I.NATURE OF THE CURRENT CENTRALISED BUSINESS IS INEFFICIENT:
It comprises three major factors that serve as big threat the the e-commerce industry and the are:

a. High costs which is passed on from sellers to buyers due to a purchase system that sellers can easily capitals on to make more money from the buyers.
b. Price increment by shareholders as a result of expensive infrastructures needed in running the business
c. High payment cost for transactions due to a payment processor that favours the platform running them who do not therefore wish to adjust the system.
SOLUTION TO THE PROBLEM: the plaza platform is set to solve this issue by linking the sellers directly to the buyers who the sell directly to thus not creating any avenue for activities of middlemen that usually attract extra fees.

II. LOSS OF PRIVACY THROUGH BIG DATA:
The issue of data loss conversant on the internet as a result of cyber attacks is the major factor considered here.
SOLUTION TO THE PROBLEM: the plaza platform will adopt technological measures that will alleviate the fears which potential users have and as well offer full and maximum data security on the platform.

CHALLENGES FACING THE CURRENT CRYPTOCURRENCY INDUSTRY AND PLAZA PLATFORM'S APPROACH TO THE PROBLEM.

I. USE OF CRYPTOCURRENCY IN TRANSACTIONS IS NOT AS EASY AS IT SEEMS.
The use of credit cards is very easy to use though it incurs high fees. However in using cryptocurrency for any form of transaction requires maximum attention to details cause a single mistake in maybe the wallet address means the transaction will go to another person and cannot be recovered.
SOLUTION TO THE PROBLEM: plaza platform promises to provide users with a plazawallet which will be directly linked to a plazacard that works similar to the well known debit card thus making payment transactions easy to carry-out.

II. MINING ACTIVITIES OF CRYPTOCURRENCY OS NOT AVAILABLE FOR EVERYONE.
Cryptocurrency mining requires a lot of time, money to set up and also alot of infrastructures too and all these cannot be be afforded by some people.
SOLUTION TO THE PROBLEM: the plaza platform promises to provide a cost effective and as well a free mining device on the platform for registered users with which they can use and start earning the plaza token.

PLAZA TOKEN
This is the name which the utility token to be used on the plaza platform will bear and it will be ERC20 compatible because it will be designed with the Ethereum blockchain system.
TO KNOW MORE ABOUT PLAZA PLATFORM

Join the Telegram Group: https://t.me/plazatalk

Follow on Twitter: https://twitter.com/PlazaSystems

Follow on Facebook: https://www.facebook.com/plazasystems

Follow on LinkedIn: https://www.linkedin.com/company/plaza-systems/

Follow on Medium: https://medium.com/plaza-systems

Website: https://plaza.systems/

Whitepaper: https://plaza.systems/whitepaper

Writer's Bounty0x Username: Truth028