About Vanig

Vanig is an integrated E-Commerce platform and Supply Chain Ecosystem that is powered by the blockchain. It is a known fact that Supply Chain has not evolved fast enough in today’s E-Commerce age. Vanig aims to solve that by addressing some of the significant issues plaguing Supply Chain for the manufacturers and sellers, and also equally important is Vanig’s E-commerce platform that will be a truly rewarding shopping experience for customers, as they will get good product selection, real reviews, save money, get rewarded, have access to product provenance information and track and trace, making shopping trustworthy again. Product price, tracking, reviews are among the top 5 influencers of product purchase today based on a study. Vanig is addressing all of that and more with our Vanig E-Commerce platform. Vanig proposition is drawn from years of experience and exposure to large-scale e-commerce systems, running and maintaining global supply chains and expertise with distributed ledger technology, also known as blockchain technology.

Basic Information

Token Distribution

63% Public 15% Team 12% Rewards 8% Bounty 2% Legal

Also Read – WELL Ico Review: Global blockchain protocol designed for healthcare

Key Features

Vanig addresses several significant Supply Chain and E-Commerce challenges and inefficiencies, providing a higher level of brand experience.

Vanig’s Supply Chain ecosystem leverages the latest in blockchain technology using HyperLedger’s Sawtooth technology.

Vanig simplifies the Supply Chain process, eliminating intermediaries, reducing friction and manual processes as it ushers in a new level of transparency.

Vanig provides provenance information on top products allowing customers to trust the products that they are buying.

The Vanig E-Commerce platform is secure, has curated and discounted products, has a great rewards system and is user-friendly, benefiting all members of the ecosystem and it allows cryptocurrency payments.

Vanig uses Artificial Intelligence and Machine Learning to make advertising effective, to certify sellers and provide a customized shopping experience for the buyers.

Vanig is creating a rewards app and website that will payout buyers that use the Rewards app in Vanig tokens. The rewards will be higher than other leading reward programs as we pass on the entire affiliate commission over to the consumer.

Supply chains inefficiencies

Lack of transparent and fully visible supply chains

At any point in time during a typical supply chain process, it would be ideal if participants, from manufacturers to consumers, can inspect and access real-time information about the status of their product or service. This is challenging in today’s supply chain as source and origin information is often hidden in data silos, most times in incompatible or inappropriate formats

Intermediation

This is one of the unwanted necessities of supply chains: on one hand, we have to find practical ways to cope with complex supply chains with multiple participants each, and with a different stake in the product lifecycle; and on the other hand, Vanig has to find a way to reconcile disputes, make the flow of products and services as trustworthy as possible and reduce counterparty risk. Intermediaries, or in simple terms middleman, play that role. They are the custodians of trust on the supply chain ensuring that everybody plays by the rules and facilitate the flow.

Static or non-existent inventory management

Real-time inventory management is more difficult to achieve. Especially for large, global supply chains, it’s challenging and expensive. It needs a whole re-design of existing IT systems and expensive retrofit solutions, which are not available or affordable by participants in the chain. For example, large manufacturers have the means to implement real-time inventory management systems, however, in a complex supply chain, just one

node using legacy technology is enough to break the flow of information and negate the benefits of implementation.

Solution

The Vanig solution uses blockchain technology to offer the world’s first integrated e-commerce platform with the supply chain. The integration of e-commerce and supply chain makes Vanig unique. Vanig targets the inefficiencies of modern e-commerce and supply chains and will utilize smart contracts and the reputable ledger of a blockchain. At its core, Vanig has a proven blockchain technology that has been developed by the world’s largest blockchain technology consortium, Hyperledger. The Vanig ecosystem is robust, scalable, permission-based decentralized blockchain. This illustration below shows how different participants in the Vanig Ecosystem interact with each other using Smart Contracts.

Vanig Process Flow

Consumer places an order using the Vanig Website or Vanig Mobile App.

Smart contract #1 gets written automatically and captures the details of the order between the consumer and Vanig and is stored in Vanig’s blockchain ecosystem.

Manufacturer/retailer ships the product from their location which triggers another Smart contract #2 between the manufacturer and its distribution agent.

Distribution agent picks up the order from the manufacturer and delivers it to the consumer.

Delivery acknowledgment from the Consumer will trigger another Smart contract #3 between the distribution agent and the consumer.

Finally, Smart contract #4 is created to capture the transaction ledger between the wholesaler and the manufacturer

Vanig Architecture explained

The Vanig Architecture has three main layers, the Presentation, Semantic and Application layer, and Intelligence Data layers. The Presentation layer has the Web, App and mobile UI that the various users of Vanig from

consumers to retailers/wholesalers use to interact with the Vanig platform. Interactions like searching for a product, paying for a product, listing a product, providing a review etc. The Semantic and Application layer houses the core Vanig e-commerce platform business logic components, it handles all the transactions generated by the various users of the platform. This layer also houses the Security Gateway, it establishes user identity and provides capabilities for authentication, authorization, and integration. The security gateway ensures

that participating users have permission and have entitlements granted based on their roles in the blockchain trading network.

Advantages

Competetive

As a blockchain-powered ecosystem, Vanig doesn’t have the notion of an intermediary, hence every key stakeholder in the supply chain – from the manufacturer to the end consumer – will have a direct, peer-to-peer communication. That allows producers to cut down costs on brokering fees, and the end consumer gets a better deal. Price is driven by market demand and production cost rather than mark up to go above a break-even point.

Authentic ReviewsFake reviews are one of the biggest problems faced by consumers today. Affecting buyer’s confidence and trust when shopping online. A vast majority of products that are top-rated are filled with fake reviews. Vanig AI & ML algorithms detect fake reviews based on a content of a review, history of orders, past reviews and many other factors to build a credibility score for the reviewer and reviews they publish. This ensures buyer confidence on the platform.

Shorter recall process

When a recall needs to be initiated the whole experience is sleeker, faster, and cheaper. Information about the recalled product is quickly propagated through the nodes in the blockchain and registers in the immutable ledger to track and trace. This alleviates the situation with information asymmetry which typically occurs when the recall process information is not distributed equally, or on time, to stakeholders. This creates a backlog of cases to be investigated and acted upon, higher cost of storage, re-shipping, and clearance, and ultimately a possible loss of business with dissatisfied customers. A blockchain solution makes it possible to eliminate some of these unnecessary steps during a recall.

Security

It goes without saying, that since we chose to use blockchain technology for Vanig, we get the benefits of cryptographic hashes and secure transactions amongst participants in the supply chain. It is worth noting that our smart contracts also live on the blockchain and have their own encryption too. And finally, Vanig choice of consensus mechanism enables a permission blockchain, where only vetted participants can participate, instead of everyone participating in public blockchain transactions. The combination of these features makes Vanig a secure platform.

Real-time tracking

Manufacturers, wholesalers, retails and consumers can track the product in real time. Vanig has implemented an open ecosystem where external data feeds from sensors, data oracles, and other popular trackers are easy to connect to via Vanig’s APIs. The journey of a product has become open and visible in real time giving greater assurances about the security of a transaction.

Transparency

Consumers are able to track products with ease and information about defects are stored permanently in the blockchain, resulting in fraud detection and tamper-proof transactions. For example, if a defect or fraudulent product enters the marketplace, and is detected, information pertinent to that product will be registered in the Vanig platform and accessible to interested parties across the supply chain. Information transparency gives greater confidence to consumers, sellers, and wholesalers which increases the trust across the ecosystem.

Easy Product Listings

Vanig operates one-click product listings from popular e-commerce stores such as Amazon, Walmart, and platforms such as WooCommerce and Shopify and BigCommerce. This is an important step for a quick onboarding process of products from other marketplaces and gives consumers access to millions of products; this function enables a CSV File bulk upload, a robust API connection and automatic retrieval and upload of products.

Toys’ track and trace

The global toys’ market is growing constantly and is valued at over $90 billion. Especially, the online toys’ marketplace is experiencing a period of rapid growth given the modern life conveniences for e-commerce. However, as the toys’ market grows, so does the ever-complex ecosystem of toys’ manufacturers, wholesalers, distributors, and retailers. And with that growth, we have the ever-increasing parental oversight and alertness to the quality of toys used by their children.

A toy that has hazardous plastic covers, for example, can cause havoc to a child’s health and parents are becoming aware of these dangers thanks to the Internet and the speed of information flow in our lives. For example, there have been reported cases of hazardous chemicals, such as phthalates, present in toys. On other occasions, hormone-altering brominated flame retardants were used in the significant proportion of toys, such as toy robots. Although the use of fire retardants is welcome, the use of dangerous chemicals to achieve a fire-proof status is not.

Video

https://youtu.be/eO5mvm9W0DA

Team

Member Dr. Brett Brodbeck – VP INVESTORS RELATIONS Dan Ramirez – CEO Prem Sekaran – CO-FOUNDER Vinod Sekarann – CO-FOUNDER Geofrey Rainey – CTO Don Quartiere – CHIEF SOLUTIONS ARCHITECT

[su_quote]Quote This article is writing on 07 June 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258[su_quote]

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