CHIMPION: INTRODUCING SERVICES WHICH WILL DISRUPT THE E-COMMERCE INDUSTRY

aaemma (35)in #exchange • 5 years ago (edited)

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The e-commerce industry is on the increase, this is owing to its way of making life easy for humanity. Imagine staying in your home and ordering for products online and getting it, in all not leaving the comfort of your home? That's the case with e-commerce Industry. Just as it is with every evolving or growing industry, there will come a time when advancements will be needed so as to keep up with the needs of users. This can also be attributed to the current nature of e-commerce.
The current e-commerce Industry is centralized owing to this, data manipulations, inefficient services come creeping in. Users data can be used at will without their consent, third-party services can pose a fee on participants as they pleases, trade wars, heartbreaking inflations etc has been on the increase. As earlier stated there will come a time when advancements will be needed, and as such in this case e-commerce industry needs advancements via the help of blockchain technology.

Inferable from the potential of e-commerce, blockchain technology has been introduced into the e-commerce industry in order to revolutionize it thus solving underlying issues. Yet, it's qualified to realize that, current blockchain-based e-commerce platforms are yet to work hand in hand with the e-commerce industry thus removing third-party services. This is where Chimpion comes to play.

WHAT CHIMPION OFFERS

Chimpion is a blockchain e-commerce platform planning to solve the issues which have limited both centralized and blockchain e-commerce platforms. This solution comes in the form of Point of Sale (POS) system, digital wallet as well as other services which can be used as a settlement system for crypto to fiat by merchants.
The merchants in the e-commerce industry will be provided with storefronts which will usher in a new level of e-commerce services through which the merchants will be able to choose any cryptocurrency for payment just as utilizing stablecoins for settlements along these lines having access to steady income.

Chimpion being a blockchain platform will be transparent and reliable thereby ensuring it fulfil its aims and objectives which is to make businesses and consumers to grow. And in that capacity with blockchain technology Chimpion achieves its aim hence resulting in a process where;
a. Businesses will utilize cryptocurrency,
b. Merchants will no longer pay for processing fees while the processes involved will be time effective.

In the same way, to disrupt the current e-commerce Industry, Chimpion will be opened to new and established merchants where they will access related services in addition to moving their businesses to crypto related projects. Since security is paramount in any platform, Chimpion will secure its network with encryption such as 256 Bit SSL. While banking on other security measures as well as the above-mentioned encryption, Chimpion will ensure all data is safeguarded from underlying threats. In addition, by 2020, Chimpion will move to its own blockchain.
Furthermore, with Chimpion there will be no chargeback fraud and with Chimpion's POS terminal available on mobile application (Android for now) merchants will be able to accept any type of cryptocurrency.

CONCLUSION

Chimpion is a blockchain e-commerce platform based on EOS blockchain while having a double token economy where;
i. CHIMP will be used to power merchants storefronts and ecosystem.
ii. BNANA will be used to reward engagements within Chimpion ecosystem.
Chimpion will make merchants within the e-commerce industry comfortable by using blockchain technology as well as other technologies from platforms such as Shopping Cart Elite, Paytomat, Gemini and MoonCatcher.