Is traditional e-commerce dying?

We’d rather say that it is at least in danger. Such platforms as Amazon and Ebay simply can’t compete with blockchain e-commerce companies such as Vanig which we’re talking about today. Let’s see how we can benefit from smart contract and blockchain technology in online retail.

The main thing about blockchain is P2P techonologies. Whatever we do as a consumers, whatever product or service we buy, we communicate directly with the seller/manufacture or service provider. This significantly reduces the price, which is definitely a huge benefit to us.

Vanig is building an e-commerce platform and supply chain ecosystem on blockchain. Among key features of this project you can see that the team uses Hyperledger Sawtooth technology. As any distributed ledger, Vanig is fully secured and decentralized.

Vanig logo

Supply chain process is thus simplified by eliminating the middleman. The prices go down, consumers satisfaction level goes up.
Moreover the platform has a rewarding system and provides an opportunity for cryptocurrency payments.
In fact, the Vanig token which according to Vanig roadmap will be created during TGE in June will be the main currency for payments made on the platform. The Vanig Tokens will be used to reduce the commission and make real-time payment possible. At the same time, the users will be able to pay in other cryptocurrencies and fiat.
The thing that we specially like about the product is that opened-code at github. You can check it yourself.