INS ECOSYSTEM "Direct to Consumer Ecosystem"
Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.
What is INS Ecosystem?
The grocery market one of the important sector of the FMCG sector, poised to reach $8.5 trillion by 2020. Currently grocery market is dominated by retailers. They have major control over households worldwide, and have deep impact on what should be grown and how it should be sold. As a result the ineffectiveness is not factored in, so a disruption in this field is very much needed.The online grocery segment is expected to grow from $98 billion in 2015 to $290 billion in 2020, according to IDG estimates. Thanks to online grocery providers such as Amazon Fresh, InstaCart we are in the right direction. With digital revolution and everything happening with a click, online grocery will see a major change in coming days.
And this is where INS ecosystem places an important role with its first global decentralized ecosystem directly connecting grocery manufacturers and consumers. INS provides a platform where consumers can buy products directly from manufacturers, with more transparent prices, wide range of high quality products. This is a win-win situation both for consumers and manufacturers.
INS Ecosystems creates the INS tokens, platform and technology. The aim of the project is to enable direct trade between consumers and manufacturers, reduce the dominance of few manufacturers and create a level playing field which in turn will make products cheaper upto 30%.
To be a part of this INS, the consumer has to create an account on the INS platform such as user profile and a wallet. The decentralized database using smart contracts will preserve all the data. These INS token will be traded on crypto exchanges and consumers will be able to trade including FIAT money.
The INS platform allows manufacturers to participate no matter what how small the manufacturer is, so that he can publish and promote his products, run loyalty campaigns and get feedback from consumers. INS will engage independent fulfilment center operators to join the ecosystem to ignite fast geographical expansion.
This platform is useful to guarantee the credibility of users, INS Ecosystem will turn into an entrepreneurial market offering services, for the most part to grocery industries and often to multiple consumers and the INS Ecosystem platform will authenticate identity of makers and buyers at whatever point it is required. The unique identity of producers and purchasers will be founded on their address in the blockchain, making it hard to forge.
Analysis of INS Ecosystem
INS Ecosystem consists of very dedicated team, which means they will meet their target and will deliver the product right in time. With proper marketing and community development, product will be developed. The INS platform brings crypto to the daily use products and so it belongs to few cryptos based ERC-20 tokens. This isn’t any pyramid scheme, where they run an incentive scheme.
Vision of INS Ecosystem:
INS is targeting to replace trade promotions with a more personalized, direct and efficient marketing, thus driving grocery prices down and facilitating the effective direct interaction between manufacturers and consumers.
Blockchain Applications in INS
INS with smart contract will facilitate the sale through decentralized structure and people participate in the ecosystem. With blockchain backed system, payment will be inexpensive and will work more efficiently. A tokenized ledger will be initiated and tokens will be sent and exchanged at different times.
The blockchain drives the whole INS platform and this will reduce the time delays, added costs and human errors that plague transactions today, automate inventory control, and streamline fulfilment processes.
The INS EcoSystem ICO Looks to Be One of The Most Interesting ICO's of The Year.
If we can save a large percentage annually by shifting our buying habits to delivery and use the INS tokens for discounts I believe many people will move their buying power to this type of model. We already know what Amazon has done to retail companies. Imagine what INS can do to the grocery industry.
How does INS Ecosystem works
The platform of the INS Ecosystem I can state is anything but easy to use.Basically INS platform has three main parties involved, Buyer, Seller and Platform( Interface for making transactions and courier service). The manufacturer will place his or her product for sale and then the consumer will have an option to buy the products on his/her wish directly without any commissions paid to the Escrow.Users have various payment methods they can choose from.INS system accepts payments in both Fiat and Crypto currency.They accept crypto currencies like Bitcoin, Ethereum.They also offer rewards if a users pays them with INS tokens.Also transaction fee for INS token payment is 0% which is awesome.If you want to pay using ETH or BTC, you will be charged according to their transaction fee.
Manufacturers Are Showing Interest in the INS Eco System.
When the word gets out I bet that every manufacturer will be on board. It just makes sense that these companies would want their products offered through the INS Eco System.
Problems it can solve
We have several marketplaces where retailers and mediators rule the market and manufacturer and buyer will never meet and have to obey to whatever the retailer charges.This way there is a long gap in communication between the manufacturer and the common consumer. INS Ecosystem aimed at filling this gap.Also we have seen online market places where the retailers like Amazon and Ebay which are not fully decentralized as they will decide the price for an item and not the manufacturer, where these big players are taking almost 50% commission for nothing.INS Ecosystem will solve all these problems by implemeting Ethereum blockchain technology which invvolves smart contracts.
Smart contracts that are possessed by INS Ecosystem can consequently set delivery terms, services and procedures clear and basic the producers and consumers consent to the terms and conditions, after consumer choose and buy a product, the maker will compensated for that product according to the smart contract agreement.
The INS Ecosystem platform has been created as perfectly as possible and it is based on the the Ethereum Smart contracts. Ethereum smart contract will bring safety and security and transparency needed for consumers and producers.
Benefits to join INS Ecosystem
When joining the INS Ecosystem then it will get the following benefits:
INS Token
INS Ecosystem have already token-ERC-20 named “INS” are in the Etherum network. The token can be used in the ecosystem of the INS and Cryptocurrency market. To be able to get a token, participants must be registered in the ecosystem of the INS Ecosystem in advance.
During registration so attendees will get the user profile and also the wallet that will awake the security of personal data belonging to the participants. During the ICO then the token can only be owned by those who registered, but in future we will sell tokens freely to all corners of the world, on condition that the country allow and don’t break the rules in the country.
The use of the INS Ecosystem the token is as follows:
Manufacturers = Rewards: loyalty, promotion, cross-marketing, feedback. Minimum balance hold
Consumers = Payment for orders
INS Ecosystem = Referral rewards to consumer.
INS Token Contract Address : 0x5b2e4a700dfbc560061e957edec8f6eeeb74a320
INS is listed in many exchanges, you can check details about listing here : https://coinmarketcap.com/currencies/ins-ecosystem/
Roadmap
The roadmap shows the launch will be towards the end of 2018. A functioning app which provides supports to the users, manufacturers and suppliers at the same time is a tough task. If all goes according to the plan then everything looks good.
INS Ecosystem limits the middlemen and retailers, by doing so cutting the cost of products. The groceries available will be cheaper than retail stores and more important the convenience through which users can shop online. Manufacturers can publish and promote their products directly to the users and much more easily on their agreed terms.
INS Ecosystem can be related to something physical state where in we can see the crypto move in our day to day life. This isn’t something which is another glorious version of blockchain based shopping cart. And if major manufacturers are on board and if they are manage to meet their targets within the set deadline then it will gain major traction since grocery is into FMCG sector.
INS Ecosystem focused on expansion across worldwide, this will be boon for manufacturers to distribute small orders quickly and effectively. As groceries are recurring consumption products, so INS provides a huge platform for manufacturers. This may be a first step towards disruption of the retail sector.
Team & Advisor
You can find out more about the platform or participate in their sales crowd through the following links:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1779284
My Etherwallet: 0xa178385fCA8dd9D442F3A1E1F7a7c877F4Cf7F83
