Hello Everyone! At the moment I will introduce to you guys about KartBlock
What is Kart Block?
Kartblock is the provider of underlying blockchain technology to 27avenue.com An eCommerce marketplace operating since 2013 in India and Singapore. 27Avenue has exponentially grown from a single category online store to a multi-category online marketplace with a seller base of 3000 merchants and over 100 thousand SKU’s. The Business at it’s peak has done a GMV of 1 million USD and global presence with customer base in US, Canada, UK, Europe, Hong Kong, Singapore and Australia. 27Avenue has been a seller of unique line of products exclusively and with a large supplier base in China has added to the advantage. With global operations and cross-border payments; a need arises to create a robust backend solution that can give a wider spectrum of operational excellence. Therefore the solution is a blockchain implementation to create a decentralized eCommerce marketplace, Faster transactions secured by the smart contract and tokenized payments. KartBlock will conduct an ICO to grow 27Avenue at its peak and create a large player in the industry competing with the monopolized and centralized existing eCommerce platforms
Kart Block is aiming to create a border-less e-commerce platform and enabling tokenized payments, also uniting merchants and consumers around the world by eliminating middlemen. This thread officially announces the first phase of our bounty program where we will distribute 10 million KartBlock tokens to create and maintain a robust community of supporters and promoters.
Kartblock Everything Better.
E-commerce is the need of today in this global economy.The Kart Block ecosystem is the turning point to the conventional marketing and sales industry where the primary focus was limited to product promotion and ad-revenues.
Kartblock connects people all around the world, trade goods without intermediaries, send and receive funds effortlessly. Kartblock marketplace will allow vendors to sell direct to customers with cryptocurrency.
Through the use of the block chain users retain their data, blockchain technology gives power back to the users. The result is consumer empowerment and unparalleled sales potential for retailers and advertisers
Decentralized/Blockchain Ecosystem is the technology layer of Kart Block ecosystem. This layer will be powered by the Ethereum blockchain network and native tokens will be standard ERC20 tokens. This layer will handle and record the payments, transactions, smart contracts, data verification, etc. through Hyperledger.
Kart block ecosystem can be divided into two part
- Centralized Ecosystem: The centralized layer of Kart Block ecosystem will govern its Android & iOS app, and its website. This layer will run over the base layer, i.e., blockchain layer. For proper functioning, maintenance, and updating of these interface systems, they are kept under the company’s control, and open-ended development will be allowed in the future.
- Decentralized/Blockchain Ecosystem: This will be core-soul technology layer of Kart Block ecosystem. This layer will be powered by the Ethereum blockchain network and native tokens will be standard ERC20 tokens. This layer will handle and record the payments, transactions, smart contracts, data verification, etc. through Hyperledger.
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