What is Vanig Project?

tinhkhuat (32)in #vanig • 6 years ago

What is Vanig Project?
Vanig is an integrated E-Commerce platform and Supply Chain Ecosystem that is powered by the blockchain. It is a known fact that Supply Chain has not evolved fast enough in today’s E-Commerce age. Vanig aims to solve that by addressing some of the significant issues plaguing Supply Chain for the manufacturers and sellers, and also equally important is Vanig’s E-commerce platform that will be a truly rewarding shopping experience for customers, as they will get good product selection, real reviews, save money, get rewarded, have access to product provenance information and track and trace, making shopping trustworthy again.

Vanig is the world’s first integrated E-Commerce platform and Supply Chain ecosystem powered by the blockchain. Vanig Patent Pending solution addresses several significant Supply Chain and E-Commerce challenges and inefficiencies, providing a higher level of brand experience. Our Supply Chain ecosystem leverages the latest in blockchain technology through HyperLedger’s Sawtooth Lake technology. We simplify the E-Commerce experience and its embedded Supply Chain, eliminating intermediaries and manual processes as it ushers in a new level of transparency. The Vanig platform is safe, secure, and user-friendly, benefiting all members of the ecosystem and embraces cryptocurrency payments. It shortens recall process and timelines for manufacturers and retailers, providing real-time product visibility through to the consumer. Provenance information on products, increasingly an essential consumer ask, is fully integrated.

Vanig Solution
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

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

All these transactions are recorded and are linked as blocks in the Vanig ecosystem. This creates a traceable chain of blocks that shortens the track and trace process in terms of recall from weeks to just a few hours. Since all the blocks are interconnected we have real time inventory visibility to both consumers and supply chain participants. The Vanig ecosystem accommodates sensor tracking using IoT devices by providing regulatory compliance information, and temperature, and product location during transport between end points in the supply chain (e.g., between producer and consumer)..

Vanig Features:
Blockchain-powered ecosystem allows every stakeholder in the supply chain to gain access to direct peer-to-peer communication.
All data is distributed symmetrically, which allows for a shorter recall process.
Smart contracts ensure the security of transactions between supply chain participants.
Vanig offers access to external feeds from sensors, data oracles and other trackers via their APIs, which allows for real time tracking
The platform stores accessible information on defective and fraudulent products
Vanig operates one-click product listings from various e-commerce stores, enabling a CSV file bulk upload, API connection and automatic retrievel/upload of products.

Vanig Team