The blockchain is a new technology which attracts massive attention from all over the world. It is a kind of digital ledger which helps people to make transactions with cryptocurrency. Nowadays this blockchain technology can be seen anywhere. It is being massively used by organizations, banks, and governments all over the world. It is being used in every sector. Blockchain defeats the traditional method in many aspects. The advantages of blockchain are so hard to be explained in short words. "Fenix Trade" is a globally well-known platform which is using blockchain technology to make an online based marketplace where goods and services can be sold.
Why blockchain?
Transparency is the main advantage of blockchain technology. Users of this system get the option to monitor transactions. They can also monitor the flow of the products. Nothing is hidden in this system. This feature makes blockchain so unique that everyone is appreciating this very modern technology.
Benefits of blockchain:
As we all know that in the traditional system there will be an intermediary in every affair to be done. Like when transactions have happened through bank transfer, bank plays the role of intermediary. Similarly, in every transaction, there is an intermediary factor. This intermediary factor increases the cost. With the blockchain technology, the intermediary factor cost is omitted. No intermediary is needed to do the transactions. After introducing the Universa blockchain system the cost of using blockchain technology becomes almost free. In Fenix Trade platform sellers will automatically get the payment after the product is delivered to the buyer. And if the buyer has no complains nothing will interrupt the transaction. So as it is immediate transactions sellers all around the world are becoming interested in the blockchain technology of Fenix trade.
Transactions in Fenix Trade:
The transactions through Fenix Trade blockchain technology are faster than traditional systems. The transactions don't need multiple days to be done. Because blockchain technology provides immediate transaction facility. In case of bank transfers, it needs a long time for the transactions. As the banks have holidays for two days and there are different time zones for different countries. So these things make the transactions a lengthy process. But the latest technology used by Fenix Trade is active twenty-four hours a day and seven days a week. So no delay can happen in this technology.
The feedback system in Fenix Trade:
The feedback system is not so good in traditional marketplaces. Anyone can give feedback whether they purchase anything or not. So many fake feedbacks can be found in the traditional marketplaces. It can harm the sellers a lot. It can also harm the legit buyers. They can be confused after seeing lots of fake feedbacks. In the Latest Technology of Fenix Trade , only the users who have purchased goods or services and received it can leave feedbacks. So these things really help to reduce the number of fake feedbacks. This keeps the platform clean.
Conclusion:
Fenix Trade is a leading platform as it is utilizing the great advantages of blockchain method efficiently. People can do authentic and safer transactions with this system and purchase their desired products.
