“Market Place” SMS Based Application

mCoin
onem_mCoin
Published in
5 min readJun 1, 2018
Market Place via SMS on Basic Mobile — ONEm Ecosystem

There are 7 million APPs available for the smartphone and 10% of these are for commercial use.

If you have a small business, that’s great news if you and your customer own a smartphone and have access to the internet.

Unfortunately that leaves out half of the worlds population who either don’t have access or don’t have a smart phone. Their ability for either is restricted by disposable income and education. Half the worlds population live on less than $2.50 per day and only 20% speak english.

There is currently no ecosystem like ONEm for non-data mobiles.

The ONEm Ecosystem

ONEm ecosystem is a platform that utilizes existing infrastructure of the mobile operator and devices of the users without any modification. ONEm’s platform transforms the SMS and Voice into interactive channels where members on the ecosystem can experience internet-like services.

The basic mobile ushered in the era of personal interactive communication while the smartphone ushered in the era of personal interactive information.

Basic Mobiles becomes a Virtual Smartphone

ONEm transforms any ordinary non-data mobile into a virtual smartphone. A user has their own identity, profile and storage space. The ONEm ecosystem lets users enjoy modern group communications and services.

Advanced Communications

On the ONEm ecosystem each user has a global ONEm name identity that lets them communicate by voice or message just by sending the other party’s ONEm name. On ONEm it can be a group video call where one of the users is on a basic mobile. No other ecosystem does this.

ONEm can support any and every language and dialect. When the ecosystem is introduced in a country all of the services are updated with the languages of choice for that market.

Virtual Wallet

mCoin Wallet

The ONEm ecosystem supports the blockchain technology and ONEm’s own mCoin cryptocurrency. The wallet lets mCoins be sent just by using the uniquely global ONEm user name. In this way the user does not have to deal with or even know about the 64 character cryptographic address.

The virtual wallet lets users send and receive mCoin as well as keep track of their transactions in their own history. Much of this history comes from the credit card like transactions that users will be carrying out while using ONEm’s virtual applications can use mCoin.

Virtual Applications

The virtual smartphone runs virtual applications that can turn a basic mobile into a powerful business and social tool. Virtual Applications use the ONEm ecosystem capabilities for messaging and voice to enhance communication.

Virtual applications are launched with the # character followed by the full, partial or equivalent name. If there are any ambiguities the platform will provide a list of options or in the case of a partial name launch the only application meeting those character patterns.

Market Place — Virtual Application

Market Place lets a farmer, craftsman, laborer, wholesaler, retail merchant and end customer carryout business transactions together.

A seller can register, list and promote their products or services for sale. Users will be able to search and communicate with sellers either by message or voice. The application handles communication anonymity by using the ONEm identity instead of the actual mobile number. The applications route the calls and messaging through the ONEm ecosystem where all users are registered and vetted.

For a farmer Market Place acts like a Grange listing service. Farmers can list their production and target prices. Buyers can place direct orders, send messages or call to negotiate. For transactions farmers can use mCoins which will go into escrow for the buyer to commit to purchase.

A buyer can search via category, location or for keywords or go back to their purchase history. Where there are several options available the most relevant is displayed first.

The message option lets the buyer send a message directly to the seller. These messages are kept in a thread in each of the user’s cloud space for future reference.

To send a message a user can simply send #msg followed by the ONEm name and a message line. If the ONEm name is a group then all participants in that group will receive a message. In this way a farmer’s collective can get and share information on communal sales.

The most popular option is the call function. This option lets the buyer call the seller without either giving up their actual mobile number. When this option is selected the seller is called by the ONEm ecosystem and when the seller picks up the buyer is called back. Neither buyer nor seller know directly who the other is. There is a record of their @name identity. This is the best option for semi-literate people. A very simple messaging system and the ability to call and discuss business directly.

ONEm’s virtual wallet creates a credit card-like experience for users. If a seller wishes to accept mCoin and a buyer has mCoin they can use their virtual wallet to for their transaction. The Market Place will create all of the transaction details to store in the user’s wallet. This can act as a way to create credit/business transaction history.

The seller can send a Request for a certain amount of mCoin. The transaction seller ONEm name, description, amount, date and time is stored in an incoming request folder. The buyer can check their incoming folder and send accept or reject the payment request.

Social Impact

Billions of dollars goes into humanitarian efforts to help people live better lives. Many people only need a change to help themselves. These kinds of tools go far to achieving this goal. If people can learn to help themselves by having greater access to information and tools to reach out to do business they can improve their own lives.

Rural communities are far away from opportunities and a service like Market Place on the ONEm ecosystem brings them a lot closer.

Supporting ONEm’s ecosystem through the participation in mCoin is one what that people can help this noble venture.

Visit: mcoin.onem.com

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mCoin
onem_mCoin

mCoin is a unique, inclusive cryptocurrency, available with or without the Internet (hybrid). https://mcoin.onem.com/ contact:mcoin@onem.com