Ecommerce continues to grow at a rapid rate and the global ecommerce market has been predicted to reach $135 billion by the year 2023. Ecommerce basically means buying and selling of products over the internet. These products are listed on ecommerce stores where people can go on and buy whatever they wish to buy. Apart from the fact that setting up an ecommerce is expensive, running and maintaining an ecommerce store is quite challenging. So many ecommerce stores fold up in the first year of operation due to one problem or the other. In recent years though, there’s a revolution sweeping across the globe referred to as Blockchain technology.
Blockchain technology helps in automation of transactions with the use of smart contract technology. This makes transactions a lot easier and safer. This unique technology has been described by many as the engine that will propel the global economy for years to come. The adoption of blockchain technology into ecommerce is not only necessary, it has become imperative. This is because the smart contract and distributed ledger technology employed by blockchain perfectly fit into solving the challenges that the ecommerce industry is currently facing.
Blockchain technology is fast becoming the industry standard used in carrying out financial transactions worldwide. It is quite clear to see that ecommerce is one of the sectors that is increasingly in need of blockchain technology in order to facilitate its financial transactions and also in terms of helping to automate transactions thereby making the process of ecommerce really smooth. There’s so much to expect from blockchain regarding their applicability in e-commerce.
Challenges of Setting Up An Ecommerce Store
As exciting as shopping online has become in the past few years, there are still some challenges that this ever-growing industry is facing. These challenges are so critical to the further development of ecommerce and needs urgent attention. A research into why setting up and running an ecommerce store has proved to be a daunting task for many shows some problems that needs urgent fixing. These problems are highlighted below:
- Huge investment cost
- Lack of technical know-how
- Lack of dropshipping facilities which forces of stocking of products
- Lack of quick payment method
Setting up these ecommerce stores cost a lot and most online retailers particularly the new comers into the industry find it difficult to cope with this cost. Some online retailers have also complained about how difficult it is to run these stores due to lack of technical know-how. Another big issue is the lack of dropshipping facilities. Most online retailers have to stock up on products thereby tying down funds that could have been used for other purposes to improve the business while payment method still remain a huge challenge for ecommerce stores. Payment issues will frustrate your customers. Security, convenience, and speed are key. If you’ve spent time building your ecommerce store, then you need to make payment as easy as possible to avoid losing your clients. You could be losing orders if your payment processes are slow or confusing.
GUARIUM - Automating Ecommerce For Easy, Secure and Enjoyable Online Shopping Experience
Guarium is a Blockchain-based ecommerce platform that plans to simplify online shopping, while also providing the much needed automation that will make ecommerce an enjoyable experience for both store owners and shoppers. Guarium is the sort of solution that the industry earnestly yearns for. Guarium provides a fully automated platform where store owners can have ordered products sent to their clients directly from the manufacturer’s warehouse. This platform hopes to provide an ecosystem which allows everyone willing to start their online business do it without any problems that have been highlighted above thereby making them owners of their online stores even if they don’t have the technical know-how. The Guarium is equipped with categories with millions of products and it’s an easy-to-use platform that is secured by blockchain technology.
Building Blocks of The Guarium Platform
Guarium platform basically have the building blocks:
- Fully Automated Ecommerce Platform
- Dropshipping Facilities
- Advanced affiliate engine
Fully Automated Ecommerce Platform
Guarium provides the first ever fully automated ecommerce platform that is both easy-to-use and secured for online store owners. This fully automated platform completely eliminates all the problems that online store owners have been facing. This system provides a way for shop owners and manufacturers to connect seamlessly in order to sell their products to prospective buyers.
Dropshipping Facilities
Dropshipping is a model of ecommerce that involves the shipping of products right from the manufacturer’s store straight to the buyer without the need for the ecommerce store owner to stock up on products. This is very useful model that a start-up and an established shop owner can take advantage of. It affords store owners an opportunity to use the funds they would have used in stocking up on products into other productive aspects of the business. With this model incorporated into Guarium, it surely beats all other ecommerce platforms out there as this is novel.
Advanced affiliate engine
Guarium platform also provides affiliate opportunities for store owners. Store owners on the platform can also promote products of other store owners thereby earning themselves some decent earnings based on the number of people they are able to refer to other store owners on the platform. This is amazing feature that surely will make Guarium the best ecommerce platform out there in the near future.
Token Information:
Name: Guarium
Type: ERC-20
Ticker: GUAR
Price: 0.34 USD
Soft cap: 2,000 ETH
Hard cap: 75,000 ETH
Guarium Token Allocation
• Initial Coin Offering - 60%
• Management Team and Employees - 20%
• Private Sales - 10%
• Presale - 5%
• Advisers - 5%
Guarium Team
Guarium Advisors
Roadmap
I have provided links to the website and whitepaper of Guarium below:
• Website: https://guarium.io/
• White Paper: https://ico.guarium.com/wp-content/uploads/2018/07/White-paper-e-commerce-automation-guarium-en.pdf
The following provides the link to their social media sites:
• Facebook： https://web.facebook.com/guarium/?_rdc=1&_rdr
• Twitter：https://twitter.com/GuariumContact
• Medium: https://medium.com/guarium
• ANN： https://bitcointalk.org/index.php?topic=3293429.0
• Telegram group: https://t.me/guarium
Authours Profile: https://bitcointalk.org/index.php?action=profile;u=2077261
I love this project as e-commerce is about to be redefined by this project
This platform will enhance e-commerce practices and eradicate problems plaguing the e-commerce industry. Well articulated piece @foley
Ecommerce really taking mainstream
E-commerce revolution via Blockchain is here. Great Features in the Guarium project. looking forward to it success. thanks for this piece
Wow this is nice tech with a strong utility. Nice article buddy
Guarium platform providing opportunities for store owners by referring people to other store owners is a great idea to embrace.