Commercialization of the blockchain
In the 1st half of 2019, the entire blockchain industry experienced sudden growth and progression of the commercialization of the technology throughout the world. In regard, there are high expectations for the future of the blockchain industry by many. Additionally, there had been an increased amount of publishings that organizes the predictions and trend about the future of blockchain technology.
GUHADA, an e-commerce platform for 2020
Currently, there are various publishings gaining much attraction from the professionals in the blockchain industry. Concurrently, the concept and features of TEMCO’s GUHADA platform align with many of the predictions and trends that are mentioned in the publishings, making the GUHADA platform to be something to pay attention to.
Blockchain Trend of 2020 (1) — Combination of fintech with the e-commerce platform
In a case of counterfeit purchases, an insurance policy for all purchases is provided for consumers of the platform. To integrate the insurance policy program into the GUHADA platform, the insurance application, distribution and transactions records, and all product/purchase information are uploaded into the blockchain. Since all the data in the blockchain can be viewed transparently, in case the counterfeit purchases are made, all the information can be accurately processed and through this, consumers can request for refund or insurance compensation.
Blockchain Trend of 2020 (2) — Role of blockchain in distribution and in the supply chain
For the past few years, adoption of blockchain technology has become significant in the distribution and supply chain industry as an improvement for the existing systems. Adoption of the blockchain technology in the distribution and the supply chain industry is expected to continue in the long run. Accordingly, GUHADA will utilize TEMCO’s blockchain-based supply chain management system technology, bolstering GUHADA as a reliable and transparent blockchain-based e-commerce platform.
GUHADA records all information regarding products and distribution in the blockchain
The consumers on GUHADA platform are able to inquire information about a product that they are purchasing. The information includes product distribution records, condition of the product and current status (availability, etc.). At the point of purchasing a specific product, the consumer can view the price, proof of authenticity, distribution records, and more information all transparently, so the integration of blockchain technology in the e-commerce platform GUHADA, significantly reduces the accountability of purchasing counterfeit products.
Blockchain Trend of 2020 (3) — Utilization of IoT (Internet of Things)
The “Internet of Things” is settling in our daily lives exponentially. The inserting of NFC chips in the products can be a known case of adoption of IoT in everyday life. GUHADA utilizes NFC chips to track the distribution records of products and shares the information transparently and it can be a possible solution for the opacity problem of the distribution records in the current secondary markets.
GUHADA employs a distribution record tracking system through blockchain technology by inserting NFC chips in each product, enabling tracking of the entire distribution process about the product as well. If the initially sold product is resold in GUHADA platform, the purchaser of the reselling product can inquire reliable information that is in the blockchain, which has been uploaded in the first place through the NFC chip during the distribution process. This way, the consumers can purchase authentic luxury products in the GUHADA platform without the worries of purchasing counterfeit items.
Blockchain trend of 2020 (4) — Creating Contents
Many platforms and blockchain-based projects that exist in the blockchain space have constructive community systems. Following the trend, GUHADA not only provides reliable online shopping experience, but also a community forum that facilitates the sharing of reliable luxury product-related information. Within the community, GUHADA users are provided with rewards for participating in the community. GUHADA platform provides a reward system to motivate active participation of the GUHADA users.
Through such active participation of the users in the community, GUHADA’s community will become the top luxury product and market discussion community that many can view and obtain various information about current fashion trends and luxury product-related information. In following, GUHADA platform will not only be the online luxury product shopping mall, but also a platform with the integration of “malling”, in which users can conveniently share luxury fashion information and its trend.
GUHADA, a platform that includes all the current blockchain trend that leads to 2020
As mentioned above, GUHADA is expected to be the platform that includes all of the 4 blockchain chain trends that leads to 2020. TEMCO is focused and working continuously on the GUHADA platform that will innovate the current luxury market industry.
Please look forward to GUHADA platform which may lead the blockchain trend of 2020.
TEMCO: Innovative Supply Chain Data and E-Commerce Solution through Blockchain and Smart Contract Technology.
▶TEMCO Chatroom: https://t.me/temcolabs
▶TEMCO Official Website: https://temco.io
