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Thursday, June 28, 2018

INS ECOSYSTEM - Creating Opportunities For Tens of Thousand Suppliers To Compete For Getting Customer Attention

Hello everyone here I will introduce a new post about INS which can be taken into consideration in observing the latest project has a unique and good concept, and for more details let's just go to the following discussion:

Here, we discuss retail markets, ongoing crises and changes in consumer preferences. Furthermore, we describe blockchain technology in a simple and easy to understand way, and explore practical use cases for it in the retail and food industries, in particular.

Our scope is focused on the following areas: transactions and documents; supply chain and logistics; and shopping experience.

Wholesale market
The market underwent an unprecedented landscape change. The drop in store traffic and car traffic has received widespread attention and media coverage this year. Retailers close hundreds of stores and house tens of thousands of employees. The apocalypse of retail has arrived.

With more than 4,000 locations impacted by the crisis, department stores are severely affected. The emergence of e-commerce pushed their models toward extinction. The food business is also on fire. Its overstored landscape is undergoing a fundamental re-establishment with Lidl sparking up the supermarket price war and expanding Amazon into a grocery room.

The entire food industry - from production and distribution, to retail interface and shopping experience - is at a big turning point.

The millennium has become one of the greatest generation of life. Growing in the digital age, they now dominate online. For them, shopping for groceries at a physical store is more of a challenge. They move away from doing a weekly shop to a grab-and-go model, have an empty refrigerator and actively embrace what is called a "restaurant restoration".

In addition, they want everything instantly: from access to fresh food and locally sourced products, to food packages, take-out and on-demand delivery services. The Millennium hopes to engage with merchants and retailers in their own way and are hungry for information about the product.

We witnessed a tectonic shift in consumer habits and consumer expectations, and the grocery retail chains did their best to meet them.

Old mega-chains like Walmart, do not miss out, betting on smaller stores, creating in-store experience and integrating e-commerce. In less than a year, the company partnered with IBM, Tsinghua University and giant food companies such as Unilever, Nestle and Doleto to adopt blockchain, a technology capable of destroying the entire retail industry.

Let's take a closer look at how it works, why grocery retailers should pay attention to it, and how it benefits producers and consumers.

Blockchain explains
Simply put, blockchain is a digital information book. By design, it is decentralized, distributed and resistant to modifications. The 'ledger' is validated by a peer-to-peer network of participants who are allowed to access it. Once the record is verified, it can not be changed and seen by all parties.

This new 'trust machine' is becoming interested in grocery retailing, one of the largest consumer markets in the world. Large companies and manufacturers are particularly interested in blockchain technology because it enables a transparent supply chain, product traceability, decentralized audits, cost reductions across industries and more.

Application & use case
The following sections describe the 3 main areas for blockchain applications in retail and groceries, in particular.

1.Transactions and documents
To adapt and enhance the shopping experience, retail has embraced every payment method: from card to digital wallet.

On the other hand, the current situation with intermediaries that charge for transaction processing is rather complicated - the transaction fee structure varies from one method of payment to another. Retailers are looking for ways to reduce the burden: from adopting lower cost services to launch their own mobile payment system along with store credit cards.

This type of strategy allows them to increase margins and create a closed ecosystem without third-party payment services.

A block-based payment system describes banks and card companies, minimizes documents, ensures the integrity of payment information, and thereby lowers the cost of Person-to-Merchants transactions. In addition to making the payment process cheaper, blockchain technology makes it possible to maintain a transparent relationship and boost build confidence between the two sides.

The idea of ​​providing decentralized, distributed and tokenised ledgers requires industry-specific high-load systems. The notable weaknesses of onboarding and blockchain-based payment scalability are mainly related to technical factors and can be reduced by increasing the entire cryptocurrency acquisition process, implementing effective ledger and faster consensus algorithms.

Currently, financial intermediaries rethink their business models and generate new value propositions to meet the growing demand for decentralized gateways and payment infrastructure. In fact, more than 20 banks from around the world are working together to integrate blockchain technology into SWIFT gpi, a cross border payment service.

At the same time, there are initiatives to bring letters of credit to blockchain transactions. R3, with more than 15 participating banks, built Corda, an open source open source platform designed for trading. For resellers, it means fewer documents and improves cross border transaction experience.

Overall, blockchain technology allows not only the disintermediation of 'transactional intermediaries', but also retail chains.

Thus, in this model, producers gain the ability to connect directly with consumers, significantly reducing the risks of partners and bypassing savings from transaction costs to both parties in the form of quality improvement, lower prices, benefits, bonuses and loyalty.

2.Supply chain and logistics
With local manufacturers struggling to get into the shelves and big retailers that dominate the market, the global supply chain remains unbalanced in terms of abuse of bargaining power. Because mega-chains aim to reduce stocks and store their shelves at all times, the situation results in significant inefficiencies such as rising food miles, fraud, and waste.

Logistics and supply chain management is the next most promising blockchain area in retail. From farm to fork, blockchain technology provides integrity, authenticity, and security for genealogical data when items move through the supply chain. These records have time stamp and tamper-proof. In addition, they are independently verifiable by all members and parties authorized to access the data.

A blockchain based logistics and supply chain management system offers control over how, where and when the product is produced, transported, stored, delivered and presented to the end consumer.

By design, the blockchain-based approach allows trust to be built quickly and disputes resolved transparently.

In addition to IBM collaborating with food industry leaders, Microsoft and Mojix are set to streamline inventory management using blockchain-based smart contracts. They have integrated these features into existing location-based inventory management systems, operating virtually in real time and closed transactions with Merrill Lynch and BHB Billiton. Microsoft and Mojix are now exploring how blockchain technology can benefit retail.

Today, the industry needs all the help it can get: from supply chain tracking and inventory tracking at every stage, to product safety monitoring and more. Blockchain is here to help retailers improve the quality of food and reduce fraud, but more importantly, it allows farmers to trade directly with end buyers, giving them lower prices and an improved shopping experience.

3.Experience shopping
Blockchain will add to the education of consumers who care more about margins than authenticity.

Imagine a situation where you find the story behind the product using information added to the blockchain on every part of the product journey through the retail supply chain. An app lets you see where it grows, understand how many miles of food it has traveled and more.

This is a totally new shopping experience that will be hard to imagine until blockchain technology is introduced to the public. By design, it offers a combination of unprecedented security, transparency, and trust mechanisms. Original ads and almost any other type of ad can not compete with stories built into products based on design.

In addition to searching for seafood, from boat to plate, 'travel' information provides the ability to make withdrawals appropriately and on time. With all of the information available, resellers can identify and remove items and investigate possible instances of fraud, damage, or improper storage conditions.

There are more companies embarking on initiatives aimed at store digitization and overall shopping experience. Cisco and a consortium of 17 companies have established the Trusted IoT Alliance that developed open source blockchain protocols for sensors and software in retail.

Blockchain-based solutions will provide additional services and value for customer relationships. Specifically, the technology can be applied not only to 'product storytelling' and tracking but identity verification, dispatch, return and complaint management. Whether in-store or online shopping, features like 'smart contracts' will ensure that money changes hands only when a product has been delivered. The software protocol automates the order completion process and offers a grievance mechanism for handling disputes.

After the product is purchased, ownership data and goods conditions may be recorded in the blockchain. This way you get proof of ownership and an enhanced loyalty program based on smart incentive mechanisms.

Blockchain based fidelity platform enables network loyalty programs and integration with partners through open protocols. While utilizing the user experience and brand equity, consumers get the option to transfer and trade loyalty points from different brands, and earn points even by viewing and clicking on ads. In practice, this allows buyers to choose between options and exchange wholesale discount points for fidelity tokens or other fiat money.

Key points and findings

Here is a list of 10 key facts about market transformation:

  1. Over 4,000 retail stores are affected by 'retail apocalypse'
  2. Retailers are looking for ways to rethink the transaction cost structure
  3. Business food under fire, is undergoing a fundamental re-establishment
  4. Still retail retailing remains unbalanced in terms of bargaining power
  5. This situation produces an increase in food miles, fraud, and waste ...
  6. ... And local manufacturers are struggling to get into store shelves
  7. Milenium dominate online, they want everything instant
  8. They care about the margins, authenticity and shopping experience
  9. Mega-old chain integrates e-commerce solutions ...
  10. ... and collaborate with giants like IBM, Microsoft, and Cisco
And 5 others on blockchain applications in retail and groceries:

  1. Blockchain-based payment system disables banks, card companies and other financial intermediaries. This means fewer documents, improved cross border transaction experience and reduced costs.
  2. Blockchain provides integrity and security for supply chain data. By design, the story behind the product becomes verifiable and transparent.
  3. It allows to streamline inventory management using blockchain-based smart contracts along with potential investigations of fraud cases.
  4. Identify, refund, and Blockchain-based complaint management will alter the shopping experience.
  5. Blockchain allows manufacturers to trade directly with end buyers and offer loyalty programs with the option to transfer loyalty points.
We at INS are working on initiatives to challenge the notion of the retail value chain of grocery. With scalable blockchain-based platforms for buyers and suppliers, we will create opportunities for tens of thousands of suppliers to compete for customer attention, sell top-quality food and provide a reliable shopping experience at a much lower price.

For more information :

Website :https://ins.world/
Whitepaper :https://ins.world/INS-ICO-Whitepaper.pdf
Facebook :https://www.facebook.com/ins.ecosystem/
Twitter :https://twitter.com/ins_ecosystem
Telegram :https://t.me/joinchat/BxVKx0P0NsAeSZs1EPZ9Sg

The bitcointalk name :Icaica22
Profile Link :https: //bitcointalk.org/index.php? Action = profile; u = 1546717
ETH Address :0x8d51bce79f5023617C1B55653d1838a5cf75Bd86

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