Groceries, one of the most critical shopping trips for every family. With the current retail standards, a grocery shopping session takes up to 41 minutes with an average of 53 hours per year. Besides the premiums that you usually pay for your favourite products, big retailers have veiled strategies to keep you in their shop as it increases the chances of you buying something that you don’t need. With the help of Blockchain technology, however, we could change that for good putting the customers back into focus!
The Incoming Testnet in Q4 will mark the beginning of the end for traditional retailers!
It’s no secret that monopoly plagues the current retail market, take the UK for example, where only four retailers own 76% of the market share! Armed with these strong hands, the monopoly retailers have high leverage that affects the manufactures gravely, as their products are at the retailers' whim. INS proposes a capable platform that is going to put the manufactures and customers back into the spotlight!
The revolutionary system implemented by the INS Ecosystem will allow manufacturers to access the customer directly, cutting anywhere from 30 to 40% of the current grocery prices while also streamline the overall supply chain.
Another current issue of the manufacturers’ market is the highly inefficient marketing expenses that take up to 17% of their budget! These efforts are mostly targeted towards wholesalers and retailers rather than the direct buyer, needless to say, that these retailers care only about the prices!
The team is planning to launch their testnet in Q4 of 2018, once successfully deployed. The mainnet deployment is expected to go live in 2019!
The INS wallet Release on the 29th of June: Your user-friendly wallet for the INS ERC-2O tokens!
With the help of the INS tokens, manufacturers will be able to deliver effective marketing campaigns targeted directly at the consumer, here are some potential examples:
- Loyalty Programs
- Promotional Offers
- Incentivized Feedback
- Referral Programs
Once the INS wallet is released, users will have the ability to make transactions store their funds and receive direct payments to their wallet address. Once the INS mainnet is launched the wallet will support other tokens as well, further increasing the utility for the registered users. Once launched, the wallet will be available for download on the Apple and Google store as well.
Using cutting-edge technology to bring in the retail markets of tomorrow!
As the current blockchain projects are plagued with scalability issues, the INS Ecosystem is committed to delivering a next-generation scalable distributed ledger system that’s secure and able to withstand the high throughput of transactions to meet the current demands of the consumer markets.
Having an enterprise-ready blockchain cloud will streamline the business processes by connecting the on-premise business infrastructure to the global phenomenon that is the INS Ecosystem. To find out more about how you can participate in this retail revolution go to https://ins.world/!