On April 24, BitCherry made its debut on the global blockchain Investment Summit in Singapore. Born as the worldwide first distributed e-commerce network, BitCherry is committed to building the underlying infrastructure for e-commerce industry based on blockchain technology.
At present, trading and payment platforms are the most developed applications in blockchain industry. Top firms such as Binance and Bitfinex, etc lead the trend of trading platforms, whereas e-commerce of payment platform is still highly undervalued. There are adequate quality assets in the industry. However, efficient asset management and utilization is scarce resource. The core behind the problem lies in the lack of the underlying infrastructure, and this is precisely where BitCherry comes from.
BitCherry built an underlying infrastructure that integrates commercial payment hardware with software applications such as e-commerce platform and digital token wallet etc. The design realizes value circulation from online to offline and constitutes a full set of e-commerce solution on top of blockchain, exploring feasibilities of distributed e-commerce business model.
Compared with traditional centralized business model, reduction in transaction friction, lower transaction costs and higher transaction efficiency are the most significant advantages of distributed business. In addition, every participant in the ecosystem can enjoy profit sharing and value appreciation sharing. Five roles are engaged in BitCherry decentralized ecosystem: super node, merchants, consumers, operational nodes and Foundation. Each role plays its own functions, undertakes different tasks, and obtains positive returns based on its positioning. Hence the system realizes economic sharing with everyone’s participation.
Super nodes are licensors of the platform software. They achieve token rewards through licensing process and share the platform profits meanwhile. Merchants register on the platform via smart contracts and engage in the ecosystem based on intelligent hardware and software. Consumers obtain token rewards when purchasing goods at merchants. They can purchase online or offline through smart contract to achieve “consumption mining”. The operational nodes will deploy merchant and consumer networks, increase the number of users on the ecosystem and promote the business cooperation opportunities. The Foundation is the core propellant for entire decentralized e-commerce ecosystem.
In the visible future, users will consume on e-commerce platform online, purchase a basket of goods with group price discount, and thus obtain token incentives. On the other hand, in offline-registered stores, users complete payment through digital platform wallet, with the whole transaction behavior and results immediately uploaded on chain, and both the consumer and the merchant will attain token incentives.
As described above, BitCherry portrays the principle use scenarios in the distributed e-commerce network. On this decentralized collaborative business platform, each participating role will gain sustainable and equitable benefits that match their efforts, achieving the unlimited potential of distributed commerce.
Company Name: BitCherry Foundation
Contact Person: Kayla
Email: Send Email
Address:114 LAVENDER STREET #07-89 CTHUB2
City: SINGAPORE 338729