PLAZA: BRINGING BLOCKCHAIN TECHNOLOGY TO E-COMMERCE

aaarezy (41)in #ico • 5 years ago

A study has shown that e-commerce Industry today is booming with the world e-commerce industry hitting about $2 trillion last year being 2017 with speculation showing it to grow more by 2020.
In any case, as splendid as the possibilities of e-commerce market shows up, it is scourged by a couple of difficulties such as the enormous expenses related to overseeing centralized e-commerce platforms.
That is to say, if blockchain technology is incorporated into the e-commerce industry there will be more tremendous growth as it will solve varieties of issues.

DIFFICULTIES IN THE CURRENT E-COMMERCE MARKETPLACE

The current e-commerce platforms present modified suggestions concerning how frequently users have purchased products and services. Thus, privacy is manipulated thereby producing more benefit while the presumptive worth of the remunerations given to dedicated users is done after reaching certain conditions.

Also, the present online business platforms or e-commerce platforms are created on a centralized framework, one that requests determined interest in offices and dependence on costly payment networks and third-parties. Users are forced to pay extreme costs and sellers are compelled to acknowledge streamlined profit revenues.
Respect, loyalty and trust aren't regarded with the present e-commerce platforms nor is it redressed. The owners of these e-commerce platforms have advanced an amazing framework to acquire as much profit as possible.

In the same way, the utilization of digital currency or cryptocurrency in the e-commerce marketplace is limited owing to the fact that scalability is yet to be achieved. This lack of scalability comes in the form of slow transaction, less security etc. Furthermore, cryptocurrency has proven to be difficult for new investors thus also possing a barrier to its utilization in the e-commerce marketplace.

PLAZA PLATFORM AND WHAT IT OFFERS

Plaza is a user-oriented blockchain platform that offers users of e-commerce marketplace an amazing shopping experience at the least expensive cost, together with withdrawal card, a protected cryptocurrency wallet and an opportunity to mine the tokens and get remunerated for it.
Plaza expels the boundary which limits the adoption of cryptocurrency in the e-commerce marketplace by offering an easy to use interface. Plaza platform is built in such a way that it will be intelligent while keeping the complexities of the network thus making the platform exceptionally easy to use.
Users within Plaza require not to have any specialized learning to trade on Plaza platform before they tap into the preferences and advantages that blockchain technology offers.

Advantages of Plaza Platform

Plaza makes it possible for its users to benefit from what blockchain technology offers thus being the masters of their personal data and funds.
With Plaza platform leveraging blockchain technology, the buyers' identity is protected thus empowering them to trade anonymously. On the other hand, the identity of the sellers is made open so that users will be certain of who they are trading with.
With Plaza network, users are at freedom to spend their PL$ at whenever for all transactions.
Plaza offers an outstanding debit card which has both soft and hard copies, thereby making the utilization of cryptocurrency exceptionally easy.

CONCLUSION

Plaza platform is a blockchain network built to address the difficulties associated with the current e-commerce Industry such as low efficiency, low security, the presence of middlemen, high transaction costs etc. Thus by leveraging blockchain technology, Plaza viably settle these difficulties and makes cryptocurrency easy for use in e-commerce marketplace.
_Plaza Token _
The currency of the Plaza platform is the PLAZA. It is an ERC20 standard token which is Ethereum-based and used to process transactions on Plaza platform. On the other hand is the PlazaDollar which is a stable coin used to stabilize price on Plaza platform.

The ICO is currently running and will end in a few days. For more information about the ICO visit the website.