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Kart Block - Decentralizing the eCommerce marketplace

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KartBlock is aiming to create a border-less e-commerce platform and enabling tokenized payments, also uniting merchants and consumers around the world by eliminating middlemen. This thread officially announces the first phase of our bounty program where we will distribute 10 million KartBlock tokens to create and maintain a robust community of supporters and promoters.

About Kartblock

Kartblock Everything Better.

E-commerce is the need of today in this global economy.The Kart Block ecosystem is the turning point to the conventional marketing and sales industry where the primary focus was limited to product promotion and ad-revenues.
Kartblock connects people all around the world, trade goods without intermediaries, send and receive funds effortlessly. Kartblock marketplace will allow vendors to sell direct to customers with cryptocurrency.

Through the use of the block chain users retain their data, blockchain technology gives power back to the users. The result is consumer empowerment and unparalleled sales potential for retailers and advertisers.

Our Vision:

Revolutionize the eCommerce industry with Blockchain technology and empower the buyers and sellers with unrestricted transparency.

Technology:

Decentralized/Blockchain Ecosystem is the technology layer of Kart Block ecosystem. This layer will be powered by the Ethereum blockchain network and native tokens will be standard ERC20 tokens. This layer will handle and record the payments, transactions, smart contracts, data verification, etc. through Hyperledger.

Industry:

eCommerce is a massively capital-intensive game. Problems of trust and transparency are almost always persistent, even when the best intentions are there, these problems can be eliminated by the Kart Block ecosystem. Through a decentralized architecture, every information is made transparent to all parties and insights are intimated so that the users can make the most informed decision possible.

KartBlock Ecosystem:

The Kart Block ecosystem at its core is a combination of e-commerce platform, digital wallet, and Tokenized reward mechanism. A simple yet powerful idea behind this ecosystem is directly rewarding the customers/users for their valuable contribution to the Kart Block platform, without the need for any middlemen.

How It Works:

Dapp:

DApp is an abbreviated term for Decentralized Application. A decentralized application has its backend code running on a decentralized peer-to- peer network. This gives DApps substantial advantage over the applications where backend code runs on centralized servers. The decentralized applications have front-end code similar to any other application where the interface is written in any language that calls to its backend. Also, these frontends can also be hosted on decentralized storage such as Swarm or IPFS.

Safe & Secure Data:

Kart Block aims to bring radical transparency in the e-commerce economy. The underlying blockchain technology guarantees visibility of the activities, transactions, and any data flow through the system. Unlike largely centralized marketplaces which do not share crucial data (for maintaining a marketing edge). Even merchants have to pay a hefty amount for the online user- generated data for their analysis. Kart Block will change this monopolistic system. Here, the transactions will be visible, and the merchants would be able to run analytics without any obstacles.

Blockchain technology:

Blockchain technology has already begun to change the face of the internet and our online interaction. The current global e-commerce industry has allowed exponential growth of the business and provided numerous opportunities to the users worldwide. But certain challenges need to be addressed as the online economy is becoming saturated and the real drivers of the economy (Merchants and customers) are deprived of the fair value for their contributions.

Core Technology:

Kart block ecosystem can be divided into two part

Token Economics

ERC20 type tokens are deemed as Blockchain assets that possess value, and can be used for trade, transactions and investment like any other digital currency.

Therefore, with the Kart Block token, the user can hold it, trade other currencies and assets with it or use it for transactions to purchase any other entity via the Kart Block platform.

Usage Of Funds

Token Distribution

Our Team:

Our Team Members are team Players dedicated to bring Energy, ideas and pride to our work. We have a multi cultured Team andtogether we build a community at KartBlock. They are specialist in their fields, you can Learn more about them here.