Social selling is all about the leveraging of your social network in a manner that will tilt it towards getting the right prospects/opportunities, attain desired goals and then develop strong relationship. Social selling is a model that has overtime created better sales, it has an age long existence as well as profound presence today which has enabled natural salesman to face the burden of nurturing businesses from scratch; however despite it's long term existence it's still one of the fast growing industry in the world today, with about $35 billion market worth worldwide with a foreseeable prospected growth rate of 7 to 10% annually however; the social selling market is inundated by an array of problems and this problems are:
(1) The dominating effect of big giants or merchants like Mary Kay, Avon, Amway etc have held sellers captive by making it difficult to transfer customer data, network data as well as transaction data and so sellers are not getting the commensurate amount of earning value based on their capabilities.
(2) High entry barriers: this has overtime created limitations for entry of new merchants who are eager to come into the space.
(3) High cost of task management: the market is such that there seem to be a high cost in management of fragmented task & this cost come in form of manage commissions, customer service, rewards accounting, back office operations etc.
(4) Limited options: the entry barriers & huge management cost created a paucity of market entrants and this tend to reduce sellers options as well as opportunities.
(5) Poor competition ability: the system is such that sellers are not able to favourably compete with other brands within the massive retail Industry.
With Gemstra blockchain has succeeded in building what can be best described as a novel blockchain infrastructure that can change the fortunes of social selling to constructively interact. The Gemstra project has been developed in a manner that makes it possible for it's platform to create the future influencers & KOL economy blockchain ecosystem which will then connect or rather link directly businesses with influencers & KOL (key opinion leader's) and thesame time tokenize the biggest ever gig economy for the future.
GEMSTRA AS A SOLUTION PROPER
The Gemstra project is not just unique but also a revolution ary platform that gives businesses a means to connect with influencers/key opinion leader's (KOL) so as to drive sales. It has an all ready developed easy to use protocol that makes it possible for businesses to build an influence/KOL channel on. It has a multiple modules that makes it easy and publicly accessible within the ecosystem. The infrastructure of Gemstra is such that it creates an atmosphere for different brands to easily transact; Gemstra as an innovation provides an idea that is aimed at decentralizing the fortunes as well as peculiarities of marketplace for social selling, it proof of concept (poc) called boutiques was launched in 2017 to give sellers the power to select brands & the kind of products they want to sell & also invite different brands from huge retail Industries accross the world. It meets equally & effectively the needs of brands, merchants & sellers; it's ecosystem is fully made of blockchain infrastructure so as to allow sellers to keep customers safe as well as network data for which they might have work very hard to generate. Merchants can host transactions between more than one brands & sellers; the Gemstra token called GEM is a utility token used to purchase products via any merchants.
ABOUT THE GEMSTRA ECOSYSTEM & HOW IT WORKS
The social selling process is powered by smart contracts merchants can use the platform by using unique open source software or rather integrate all existing platform with SDK. The ecosystem can seamlessly host either single or multilevel affiliate, gamification/rewards based on the action end points inside the contract and then carry out custom compensation; the ecosystem is so unique that it can even be used for other purposes beyond social selling. Within the social selling economy each actor is entitled to a wallet actors or brands are at liberty to select there individual level of commission, custom gamified rewards for sellers involved in the selling of the brands. Sellers wallets on the other hand is operated with strict governance over all data customer information, customer transaction generated by the seller. Merchants are able to formulates & facilitates all transactions that will occur between brand wallets & sellers and then act as intermediary. During transaction the customer verified to the merchant that a transaction is completed and it then carries out approval & then completes the contract. Astra orchestrates virtually all transactions as well as logical flow using a set of smart contracts to organize & secure commission, genealogy, users, orders and rewards.
TEAM MEMBERS
CONCLUSIONS
The project Gemstra is no doubt a blockchain Innovation that provides solutions for social selling with allowance for a larger number of all ready existing participants as well as special adoption. It has the potential to disrupt & enhance all existing online marketplace landscape and then go further to present new & willing sellers the opportunity as well as ability to sell goods internationally. The Gemstra project is leveraging totally on blockchain technology so as to be able to combat the myraids of problems within the e-commerce market using a fully decentralized business technique.
For more enlightenment about the GEMSTRA project visit
Website: https://gemstra.com
Whitepaper: https://docsend.com/view/xvyqq7a
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4713980
Telegram: https://twitter.com/gemstraofficial
Twitter: https://twitter.com/gemstraofficial
Facebook: https://www.facebook.com/gemstraofficial
Reddit: https://www.reddit.com/r/Gemstra
Bounty0x Username: Uplifted
