Introduction
Blockchain and Smart Contracts have opened many doors to new decentralized businesses during last months. Now, with the emergence of decentralized finance (DeFi), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. One of the topics that takes advantage of the use of DeFi is e-commerce, which until now took advantage of the Internet to provide people with a platform for shopping, while serving as a digital medium for transferring money and executing these transactions. DeFi, however, seems to provide more advantages than the existing centralized marketplaces.
That's why today we are going to talk about Buyzooka (https://www.buyzooka.io/), a decentralized e-commerce platform based on Blockchain technology that erases the problems experienced by users on existing centralized digital platforms such as Amazon.
What is Buyzooka?
Buyzooka is a FastCheck platform that connects shoppers to 1.5 million independent stores to date. It aims to provide local shops with the same technology tools as Amazon-like marketplaces to give them back power through untied and decentralized mutualization. Our platform functions as software that facilitates commercial processes for initiating and executing transactions over the internet. Independent traders display their own products while maintaining their identity. Then consumers scour Buyzooka’s search engine to find and buy products based on their desired preferences, discovering a huge diversity of independent brands and retailers. Hence, fashion apparel merchants will be found through Buyzooka’s independent network by searching for keywords such as Clothing, sneakers, bikinis, etc.
Buyzooka (https://www.buyzooka.io/) is a fast payment platform that brings a higher level of experience to its e-shoppers, with the idea of being able to solve today's real business problems.
The main goal is to provide support, tools, etc., to partners through an ecosystem of performance, reputation and other tools, so that they can improve the experience for their own customers. More specifically, Buyzooka aims to create an ecommerce 3.0 of products and services to give buyers better prices, transparency, help them in their decision making and compensate them for their purchases.
THE PROBLEM
Every shopper is attracted to a site that have great pre-sale features, but no one is attracted by complicated site navigations, overwhelming options, irrelevant details, and stressful payment processes.
PROBLEM EXPLANATION
SLOW CHECKOUT:
- The checkout process of e-shop should only take few seconds. However, incorporating features that request shoppers to fill out the information on different pages or open new payment accounts tends to be strenuous and uninteresting. Even so, some platforms request shoppers to enter the same information repeatedly. And this, in turn, causes shoppers to lose interest. While slow checkouts are conversant with desktops, they are more conversant with mobile devices. A non-responsive e-shop is more difficult to use for checkout. Shoppers may be required to fill in both shipping and billing information. If they don’t fill in all the required details, they may be required to start the filling process again. Having to navigate the checkout process for minutes tend to cause shoppers to abandon their carts
PAYMENT PROCESS:
- Research has revealed that 85% of retailers cite poor payment experiences as the key reason for loss of sales. Shoppers are usually picky about their payment method because of security reasons or personal references. Hence, those who do not find their preferred payment option tend to abandon the checkout process. A report revealed that consumers in Eastern Europe and specific Western European countries like Greece, Belgium, Germany, as well as Indian, Latin America, and Russia were likely to pick the retailer payment option as the most important part of the shopping process. To them, the payment option is more important than options for delivery or returns. While most people previously pay with credit cards, technological advancement has given rise to different financial developments. Younger shoppers now prefer to pay with Paypal or digital currencies
INEFFECTIVE CYBERSECURITY:
- Ecommerce platforms have become treasure troves of personal and financial data for hackers. And for businesses, the cost of a breach (loss of data and customer trust) is usually damaging. In 2014, eBay was hacked. The personal information and passwords of registered users were exposed to hackers, thus leaving users susceptible to being victims of identity theft. Ineffective cybersecurity does not only ruin a business but can also make shoppers lose their financial accounts
THE SOLUTION
With the increasing volume of eCommerce, there is the need to provide a more reliable platform built on an unbundled, decentralized, fair and trusty model.
Buyzooka provides solutions to these problems by developing a nomad, merchant agnostic fast checkout platform that connects automatically 1.5 million sellers to date to potential customers (Holders).
Unlike general purpose shopping cart software that needs to be customized and maintained by developers, Buyzooka runs directly into the website HTML and requires no additional coding or development work of any kind from the retailer. It Streamlines automatically and off-site (Nomad) from sign-up to cart management and transaction process avoiding painfull check-out processes reducing cart abandonment through UX improvement.
UNBUNDLED SHOPPING PLATFORM
Reaching the right audience for a business can be very difficult for merchants and business owners. The introduction of the internet launched a means through which merchants can reach potential clients irrespective of the difference in location. However, established eCommerce platforms have proved to be unavailable to merchants due to factors within their control. Other challenges sellers and merchants face include accepting multiple currencies (including Crypto ) government regulations, tax laws, and even customer support. Hence, merchants need to determine the right eCommerce platform to reach potential clients worldwide without having to deal with the problems associated with conventional platforms. Buyzooka proves to be a significant advantage over other platforms by providing a nomad approach where shoppers and merchants can buy and sell goods without payment restrictions, checkout difficulties, and borderline/financial restrictions.
What is blockchain and why is this technology so important?
- The idea at the core of blockchain has been around since 1991, but it was only after 2009 that the technology got proper recognition, when Bitcoin was launched by the mysterious person (or even a group) called Satoshi Nakamoto. The true identity of Satoshi hasn’t been found until this day, but his technological innovation has succeeded in making the world reconsider the way we create and use money.
- BTC transactions are peer-to-peer, which means that money flows directly from one user to another, without involving authority such as banks, regulators, or governments, etc.
- This is as transparent and safe as it gets — all transactions are traceable, yet can’t be regulated by authorities.
- This technology ensures maximum transparency, reliability and security of transactions. Blockchain can increase efficiency and security across a wide range of industries and businesses (financial sector, charity, supply chains, healthcare, etc).
- Blockchain-based projects pop up every day! This is exactly the technology we are leveraging to create a unique product that will improve millions of lives with technology and new tools.
- Reputation tools: Buyzooka allows companies to gain positive visibility through its trusted list.
- Performance tools: fighting cart abandonment and highlighting the value of products, BuyZooka provides a fast checkout platform and nomadic wish list.
- Partnerships: provide access to promotional opportunities.
Buyzooka Benefits
- Fast payment nomad API: with the API tool, Buyzooka enhances fast checkout on your e-commerce platform.
- Buy fast reward tokens: Buyzooka's administrative system uses Ethereum smart contract technology via the Blockchain blockchain to eliminate the centralized system of e-commerce platforms. In addition, to promote transparency and equality in the e-commerce network, the Buyzooka ecosystem will make the governance referendum available to token holders.
- Second-hand market in peers application: In Buyzooka's decentralized p2p application marketplace and thanks to the implemented Blockchain network, peers can interact with themselves without the interference of a third party.
- Token-Cured Registries (TCR): An incentivized voting system that helps create trusted lists that are maintained by the same people who use them.
Buyzooka Initial DEX Offering
- Total number of Tokens Created: 100.000.000,00
- Initial supply: 40.000.000,00
- Funding Target – 3.465.000,00 Euros
Roadmap
For More Information Buyzooka project:
AUTHOR:
Username: gomess1BTT Profile: https://bitcointalk.org/index.php?action=profile;u=2643069
ETH: 0xe1f377f5B1c2C537485Cf0558793b5d4b9c3569F
