StuffGoGo ICO - Decentralized E-commerce

satish143 (36)in #bitcoin • 7 years ago

Hello Everyone,

This is Satish from India.

Today I came with another interesting ICO in E-commerce is StuffGoGo.

In the past we all used to buy goods and services at our locations by physically visiting to stores and fulfilled our needs. But with the recent developments in technologies, E-Commerce has completely changed our way of buying and selling process. It has completely removed the geo restrictions by reaching to even remote locations. This has simplified our way of shopping to some extent. Since start of E-commerce, it has grown tremendously. We can observe this by how Amazon, eBay and many others are gaining from market in recent days. The E-commerce will grow even in future at an exponential rate, As per the forecast made by United Nations Conference on Trade and Development (UNCTD) the online customers will increase from 1.079 billion in 2013 to 1.623 billion in 2018. This is very important to note that how customers, merchants are migrating from offline to online shopping.

Due to popularity and wide adoption of Smartphones the M-commerce has been emerged and it is growing more.
As per forecast made by BI intelligence, the M-commerce will be worth $ 284 billion or 45% of U.S E-commerce by 2020.

With the above mentioned data we can understand that M-commerce is the future of E-commerce and has capabilities to change the consumer shopping habits.
But due to some problems existed in the M-commerce, the buyers and sellers are facing problems. As per BI intelligence in second quarter of 2015 U.S adults spent 59% of their time in mobile and 41% of their time in desktop, but just 15% of their dollars spent on mobile and 85% of their dollars in desktop.

Challenges in present M-commerce

Even though users spent more time with mobiles and tablets, still users are preferring to buy goods only through P.C or Laptop. This is happening due to

Most of the E-commerce sites are not optimised to a mobile site.
Difficult to read reviews and specifications of products in small screens.
Payment process is very cumbersome.
The most important problem for reason to shift to P.C commerce is "Security and Privacy". Users feel that the payment information provided in apps is less secured than laptops or P.Cs. The users don't want to reveal their private information due to the reason they don't know where it would be stored and how it will be secured.

Problems facing by Sellers and buyers in E-commerce with Centralisation

Presently online E-commerce means using the centralised services.
Due to the centralisation the sellers are paying huge fees for listing and promoting their goods and services in thier site and for transactions also.
The centralised E-commerce websites requires personal information of users before making any activity in their website and this info will be used internally for knowing the consumer behaviour and sold to others at high prices. Due to this our personal data is not all secured with centralised websites like Amazon, eBay, Craigslist and many others.
Due to centralisation of data, hackers can hack the full data stored in clouds.
Payments methods are very limited and expensive to use.
Buyers and sellers are not free to exchange their goods due to centralised companies imposed several restrictions and policies.

Now StuffGoGo(SGG) is want to disrupt the M-commerce industry by removing centralisation completely. This important feature enables the company to grow at an increased rate in near future. The SGG ecosystem is peer to peer connected nodes, no servers, no middleman, no accounts to create.

SGG ecosystem is Privacy and security focused. The personal data of user cannot be accessed by anyone and this data will be distributed across all nodes with redundancy and context based dynamic encryption.

SGG ecosystem is not owned by any entity or anyone and it can't be turned off in anytime. Only as a user you can decide when you want to open or close it.

From the initial development of SGG ecosystem the team has fully concentrated to provide better UI experience to users and they also integrating SGG/Bitcoin wallet inside the app to not get any inconvenience for the users while making payments in it.

SGG ecosystem not only includes "Buy now" list but also lists the variety of auctions - Silent, Regular and Dutch. It also includes classified materials like Craigslist style(job and apartment listing).

StuffGoGo wants to introduce it's own token called SGG token for internal usage of platform and for purchases and sales along with other Cryptocurrencies like Bitcoin.
SGG token is primarily intend to enable high volume no fee transactional bandwidth and it can also be used to promote listings, post advertisements, run powerfull seller tools, post in restricted commercial sections (Like auto dealers, realtors).

The team has vast experience in software industry. The Founder of StuffGoGo Vlad Tereshkov is an inventor and IP expert.