Reinventing Online Transactions

Gone are those perilous jaunts into the great unknown when ordering products off a mail order or through the phonebook, often requiring a shrewdness that could make Solomon green with envy. The internet has made it easier to shop than changing your remote control batteries, enabling geographically dispersed people to engage in commercial activities. Anybody from anywhere in the world can put up their product or service without needing physical space — or even physical access. Shoppers can easily check for the availability of any product without shuttling between shelves, nor need to worry about the capacity of their cart. However, despite the internet’s monumental effort in eliminating geographical barriers and inventing a whole new “online” experience, eCommerce is still dogged by the same problems hounding traditional brick-and-mortar outlets; payment processing and service guarantee.

Ecommerce: A Question of Trust

Shopping online revolves around an intricate web of trust based on exchange of values. Genuine product descriptions and availability, security of transactions, speed of processing, and convenience are key to maintaining this trust and ensuring customer satisfaction. Customers are put off by long request for data and longer processing and verification of that data to authorize their payments. Sometimes, the wrong data might be entered accidentally, or communication breach between the payment processor and merchant service may result in their order not being processed — or worst, being debited without purchase. These customers will then be awkwardly forced to shuffle between service providers in a bid to trace and resolve the problem. Meanwhile, their shopping cart waits idly and may eventually become abandoned.

It is estimated that online retailers lose 67.45% of sales to cart abandonment. Several solutions have been proffered to reverse this trend to offer customers safe, secure, speedy, and reliable payment processing options — the chief cause of cart abandonment. However, only one of these solutions has the potential to reinvent the industry the same way the internet did; cryptocurrency.

Eliminating Trust Issues

Cryptocurrency, pioneered by Bitcoin, is changing payment technology, making it easier to transfer funds across the globe. Powered by the immutable blockchain technology, Bitcoin’s peer-to-peer technology facilitates instantaneous, cheap and secure settlement of values without the intervention of any middleman (financial institutions/banks). Blockchain makes it impossible to fake recorded information due to its distributed nature. In turn, this renders all exchanges and values on the network irrefutable. The distributed nature is also key to arguably Bitcoin’s most important feature; decentralization. Unlike its traditional counterpart, Bitcoin is not subservient to any government, organization, or individual. Nobody owns or controls the network.

Bitcoin has brought an unparalleled level of transparency to online transactions. However, guaranteeing the integrity of the terms backing each transaction remains beyond Bitcoin’s capabilities.

For cryptocurrency to truly reinvent the current market, the cryptocurrency needs to be able to not only facilitate immediate settlement, but also guarantee that buyers will always receive their purchase as described and sellers are promptly paid as agreed upon. Such currency will be backed by smart contracts that autonomously triggers to fulfill the terms of engagement, protecting both parties. This protection is what ConnectJob’s CJT token is affording the global labor market.

A Frictionless Ecosystem

CJT tokens are utility tokens powering ConnectJob service exchange platform. With ConnectJob, users can find and engage skilled jobbers in their locality for their daily chores. From gardening to hairdressing, catering, babysitting, driving, and many more, these jobbers have been tested and vetted to offer a best-in-class service delivery.

Every exchange on the platform is recorded to the Blockchain and backed by legally binding smart contracts to ensure the veracity of every transaction, build users’ reputation, and secure all assets and values on the network.

Following a successful pilot test in Eastern Europe, ConnectJob has launched its token pre-sale to place its ERC20 token, the CJT, into the hands of early adopters and investors. ConnectJob is currently offering a 20% discount to all contributions from 12/01/2017 to 02/11/2018 at 2400 CJT per ETH. Tokens can be purchased using Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Dash (DASH), or in fiat (USD/EUR).

For more information please visit: http://ico.connectjob.io/

Media Contact: media@connectjob.io

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