The E-commerce presence on the global market has increased rapidly and at a hugely fast pace in recent years. With the advent of blockchain technology, these sectors have increased and intensified in their growth pace and value, and increase the playing field to detract from some of the more monolithic companies that dominate and dictate the marketplace. Companies such as Paypal, Shopify, Amazon, BigCommerce and Magento amongst others have emerged as the dominant and important figureheads, and in their wake, leave little space for a coherent and cohesive way for others to enter the market.

Buying.com looks to revolutionise this through their diverse and blockchain based platform. By utilising the decentralized nature of the blockchain, Buying.com is able to offer users the potential to benefit from micro distribution, that is, the ability to increase and expand existing distribution spaces by inviting users to purchase nodes on their platform, thus eliminating third-party involvement and increasing distribution potential to a whole new level. Manufacturers and consumers will be able to utilize the nature of bulk pricing benefits – achieved through the use of Buying.com’s Minimum Order Quantity protocol.

As with all Blockchain technology, Buying.com has harnessed the power of real-time logistics – smart contract facilities protect the consumer with their high level of data encryption options and audit potential. Of course, Buyuing.com has its own Token, which will afford users many rewards and benefits, all while increasing the potential of the platform as a whole, all the while being transparent, cohesive, coherent and auditable to all. Buying.com answer all of the needs for a widely recognised and transparent ecosystem to increase time effectiveness, cost-effectiveness and customer satisfaction, all with a better informed and applicable price system, suited to benefit its customers.

Buying.com list their platform as a model that consists of four main factors, listed as follows. Firstly they look to their ‘Core E-Commerce Model’ within this, model, Buying.com will be able to act as a dually based platform, enhanced by the use of blockchain technology, allowing users the ability to be able to source in real time, accurate and affordable pricing systems, to benefit consumers, all whilst being able to incubate the e-commerce stores that require this, maximizing profit and expansion potential. This all comes with a low start-up cost, and assistance for suppliers to learn about their intended market and increase profitability. This will also allow suppliers a recognised increase in their cash flow potential, lack if inventory sticking ensures suppliers have no loss, the inventory can be added or detracted from without bulk orders having to be made, customers will develop supplier loyalty, and all will be able to benefit from the cost reduction. Secondly, Buying.com have their ‘Microdistribution Model’. The decentralized nature of the blockchain allows Buying.com the ability to eliminate third-party involvement, their very motto is ‘turn every garage into a distribution centre’ - something which has limitless potential. This also allows retailers and suppliers the ability to benefit from small asset potential – inviting and including the small business and small investor to be able to join the marketplace where previously they have been exempt due to high costs. Following the trend of companies such as AirB&B, Buying.com, through their turning of every garage into a distribution centre will mean every space is a utilizable space. The network itself allows for a high standard of delivery potential, due to the notion of distribution spaces being available everywhere. The speed and the Peer to peer note of the blockchain also ensure that the micro-distribution concept is feasible and accurate. The massive implications of reducing costs, increasing distribution potential., limiting stock losses and improving investment are massive and incredible to see.

Buying.com’s third model is that of the ‘Direct To Consumer Pricing Model’, through the use of the MOQ (Minimum Order Quantity) application, consumers, suppliers and retailers will be able to benefit from the very best possible price from manufacturers or wholesalers, increasing profit and cost-effectiveness. This will ultimately benefit all of the E-commerce stores active, and increase the potential of the retail market. It is as one would say, a game changer, The platform itself also has what they term as an MVP – Minimal Viable Product option for their buying.com applications and these will all be accessible on IOS and Android. finally, the fourth model of the Buying.com platform is that of the ‘SnapForce Backoffice Operations model’. Put simply, SnapForce is a subsidiary of Buying.com and one that has a massively successful Customer Relationship, management protocol, all utilized with leading Cloud Phone System Software. SnapForce integrates seamlessly, actively controlling and expanding the data sharing potential through SMS, FAX, TELEPHONY and much more. Dropshipper.com, which is part of an integration with SnapForce, increases the advantages and benefits customers will receive when using the platforms.

The whole platform is excellent, and massively utilizes the decentralized nature of the blockchain. That, with the potential of the distributed ledger technology that blockchain affords, means that the buying.com ecosystem is immensely ready to revolutionise the world of the e-commerce system. The Buying.Com platform also has at its very centre a Prime Protocol – which will become the de-facto standard for any and all transactions within the e-commerce frame, powered by distributed decentralised technology. The level of protection that this protocol affords is almost unheard of and perfectly utilizes the blockchains potential. Buying.com will also support third-party wallet systems, allowing buyers the potential to choose and utilise the cryptocurrencies they want too, all controlled by the IPFS – an INTERPLANETARY FILE SYSTEM, which offers a huge vast wealth of decentralized storage potential. The BUY token, Buying.com’s token, looks set to dominate and benefit all those that use it, especially in the world of e-commerce.

As a cryptocurrency enthusiast, it is massively refreshing to see a blockchain protocol that is set to challenge and improve the world of e-commerce. There has long been a need for a leveller playing field for the smaller business, and through the decentralized nature of the blockchain, the Buying.com ecosystem looks set to make this possible.