E-Commerce Marketplace And Blockchain Technology A Perfect Combo.

 A statistic   reports conducted in 2016 reported 8 of 10 American now shop online.  This amounted to about 79% of U.S consumers shops online. This is a  growing market that needs to provide an easy to use platform for its  users. E-commerce platforms are continuously looking for new and novel  ways to keep their users always shopping.  

The Araw project is creating an ecosystem that is part of everyone's  day to day online and in-store shopping. They are creating a platform  that is easy to use, which encourages merchant adoption to support  merchants run a successful campaign. Creating an end to end solution for  eCommerce marketplace, a cryptocurrency card that enables you to touch  and pay on their online e-commerce marketplace. 

Benefits of Blockchain To The eCommerce Marketplace.

Safe And Secure Marketplace

Blockchain in many senses would provide an environment of safety to  the e-commerce marketplace, where it eliminates fraud to a very big  extent and provide safety means to transact between customers and  eCommerce vendors. 

Verifiable Transactions:

Transaction carried out on the blockchain are verifiable, while  transactions are immutable transactions are verified by all nodes before  they are added to the network. This eliminates the chances of  fraudulent activities within the entire network. 

Blockchain provide complete transparency for better accountability

One of the principal goals of blockchain technology is to create a  transparent and verifiable ledger that enables parties to verify every  transaction on their network to seek additional validation of  transactions to get either a quantitative or qualitative data  aggregation. 

 This in many ways enables e-commerce marketplace to become a  more competitive ecosystem and enable them to become more accountable  for their services, and the information is available to everyone for  users and government agencies to scrutinize their activities. E-commerce  vendors tend to improve the quality of their product or services, which  create bigger brand awareness and expand their reach even more. 

Fair Distribution of Revenue:

The blockchain technology is a distributed ledger, nodes are hosted  by an individual throughout the world and they are paid to host a node.  The distributed network also distributed earning to parties who play a  part in making the ecosystem come alive. Participants of the platforms  are rewarded for their efforts and revenue generated within the platform  is redistributed to platform users for their support and continuous  efforts. 

Lower Transaction Cost:

The centralized hosting services are relatively expensive and they  continue to charge server vendors exorbitant amount to keep the server  always up. The decentralized platform does not require a centralized  server from any part of the world to be active. Networks that keeps a  decentralized network are distributed across the globe and are open for  anyone from any part of the world to join the network. This  significantly reduces the cost in keeping a server up and drastically  lower the cost to run a distributed network. 

Conclusion

The Araw platform is enabling global blockchain adoption by creating a  transparent ecosystem that can be used by customers across the globe.  It provides an end-to-end solution for eCommerce marketplace. The  project is at the forefront of enabling a seamless e-commerce  marketplace, integrated with a highly user-friendly interface which aid  easy use of the platform. 

Official Contacts

Website : https://arawtoken.io
Telegram : https://t.me/ArawTokenOfficial
Whitepaper : https://arawtoken.io/assets/araw_whitepaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3497194
Twitter : https://twitter.com/arawtoken
Facebook : https://www.facebook.com/arawtoken
Github : https://github.com/arawtoken 

Connect with me on Bitcointalk - https://bitcointalk.org/index.php?action=profile;u=1442709;sa=summary 


Join My Telegram Channel For Updates On The Latest ICOs : https://t.me/cryptoviews_en 

If you like my article kindly Upvote, drop your comment or question in the section below.


Good Luck, Happy Investing. 

This article is not a financial advice. Investing in ICO may  be extremely risky, always remember to do your own research and consult  financial and legal advisors before investing in ICOs.
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cryptoCircuit
I love cryptocurrency and i do ICO reviews on new and exciting blockchain projects. I share my personal view based on the data i could find.
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