UTEMIS : Decentralised B2B e-commerce

By decentralizing businesses reputations for everyone to see and exposing them to new business opportunities we can finally give millions of people the opportunity they deserve.” — UTEMIS

The E-Commerce Revolution

The development of E-Commerce has been one of the best platform in the new era of business transactions. With E-commerce, starting a retail business is now possible without opening a bricks-and-mortar shop. Among the many types of e-commerce, the most popular is business to business (B2B) e-commerce. When involved parties in an e-commerce transaction are businesses, we call it business to business ecommerce. Even though report about developments in business to consumer (B2C) ecommerce gets more exciting attention in mainstream media, the bulk of dollar transactions take place in the B2B space.

E-Commenrce transaction statistics shows that B2B ecommerce space is growing rapidly. Based on the most recent reports, analysts have forecasted that global B2B ecommerce revenue will top $6.7 trillion by 2020. U.S. B2B ecommerce alone, as of 2014, had already surpassed $5 trillion in revenue. In addition, 22% of B2B businesses in the U.S. were selling online. Providing a lot of revenue for less than a quarter of the businesses in the market for B2B E-Commerce.

UTEMIS is a B2B platform geared to building trust by stressing and decentralizing merchant reputation, transaction assurance and trading efficiency. It is focused in Latin America and it is integral with the UTEMIS token, this being essential to protect merchants from the vagaries and arbitrariness of local governmental interventions. In this, UTEMIS follows the proven business model of the leading Chinese e-commerce giants with a strong emphasis on reputation. For the reason given, the UTEMIS cryptocurrency is a necessary complement with the potential of transforming the entire Latin American region into a single economic space. UTEMIS ICO proceeds will be invested in speeding up the development of the technological platform and in hiring a massive salesforce to spark growth in Mexico, Brazil and Colombia.UTEMIS Value Proposition for merchant customers is threefold:

Find new clients and suppliers in the entire Latin American continent and evaluate them by their reputation;
Save up to 99% of the current costs of doing transactions and payments and;
Keeping our customers protected at all times against fraud (using an escrow account)

What if Latin American companies can have a new fresh start regardless of their past? A new opportunity to thrive and prosper like never before. We believe that if small and mid-sized businesses in Latin America have, for the first time ever, the chance to co-create their future, they will create the most economically vibrant, resilient, efficient and fair economic zone in the world.