BLOCKCHAIN TECHNOLOGY IN BRIEF
Over the years, the emergence of the blockchain technology has impact the way we interact with each other and has opened the floodgates for incredibly innovative solutions through the transparency, security and decentralization brought about by the currency developed through the advanced system of blockchain called ‘cryptocurrency’ such as Bitcoin which is the pioneer cryptocurrency of the blockchain technology, Ethereum and other major cryptocurrencies which has lead to the wide adoption of the blockchain technology by companies, organizations, co-operations, organizations and individuals has caused many businesses to have significant wealth tied to cryptocurrency.
THE GLOBAL E-COMMERCE MARKET AND ITS CHALLENGES
However, shopping online has gotten more attraction with the increase in the number of users of smartphones and computer on a global scale which has eventually boosted the revenue generated in global e-commerce. The global e-commerce market has gained tremendous attention in recent years and it is expected that the revenue generated in the market will exceed $4 trillion in 2021 with China leading the way with 15.9% share of the total world e-commerce sales estimated at about $672 billion a year in sales.
Similarly, the online shopping market of Poland has reached 45-50 billion PLN in 2018. Additionally, in the European market, the revenue generated through e-commerce in 2017 is estimated at $620 billion with a 14% increase from the amount generated in 2016 with the Western Europe being the huge chunk of the revenue generated and The United Kingdom contributing the largest percent of 33%.
The easy access to goods from around the world and convenience has made shopping online gained more popularity each day through globalization and despite the existence of many e-commerce platforms, the use of these platforms is much more faster than with the traditional stores as the choice of goods is incomparably greater and shopping cheaper which are made possible through a more effective and cooperation of between the various links of online purchasing platforms such as The Internet Shops, Trading Platforms, Providers, Sources, Distributors, Customers, Payment Systems.
However, the current e-commerce system is faced quite a number of challenges which are debilitating to customers’ experience. With the number of users that make purchases via online e-commerce platforms increasing, the demand for shipment has increased. In 2016, the most frequent reason for customer dissatisfaction turned out to be the time of shipment which usually takes a longer time than expected as much as ’17 of complaints. Although the problem in the mailing system has caused the introduction of Drone Technology in the delivery system which is expected to proffer a lasting solution to the mailing system, it can still not be used for international shipment.
Also some e-commerce platform are prone to security and theft in which case customer data and information are stolen and are then sold to third parties for adverts which is a breach of customers privacy rights as some hackers might extend to sending malwares to customers emails to steal more sensitive data such as financial information, medical records, insurance etc of the customers. For example, the last year data theft from Equifax website took over 143 million Americans’ data.
Similarly, the existing companies have difficulty with explaining the details of supply sources or hidden costs of a product or services as they are not sure of the origin or authenticity of products supplied by suppliers which do not give customers a guaranteed information about the product they are purchasing making customers wonder if the products will comply with a specification and whether its payment and personal data will be safe.
Additionally, sellers on the other hand are not sure of the origin of a product and they are afraid of its quality and authenticity, the lack of which is associated with the loss of credibility and hence financial losses.
Some e-commerce platforms has already introduced new technologies such as artificial intelligence and the use of drones to deliver packages but these technologies have not been fully functional. The inefficiency and ineffectiveness of these technologies are however not producing the expected result and most customers are not fully aware of the importance of these technologies because more awareness has not been created to further orientate them of their importance hence customers do not trust the new technologies and have not adapted to them.
These are the major challenges in the global e-commerce industry and with the above challenges, it is essential to proffer lasting solutions as the main task of e-commerce is to provide a faster, simpler and cheaper purchase while the whole process should be safer, the existing solutions are however insufficient to fully achieve these goals.
INTRODUCING BLOCKCHAIN TECHNOLOGY IN THE ALIGATO PLATFORM
Aligato is a blockchain powered platform that aims to solve the problems the global e-commerce industry is struggling with on several levels of its functioning. The https://aligatocoin.io/ platforms places all data about products and their origins on the blockchain which allows buyers to verify the authenticity of the goods sold making buyers to find more accurate products that comply with their specification and meeting the requirements of recipients as well as finding the same item with different supplier at a lower price.
On the Aligato platform, suppliers will have the opportunity to verify if specification of the goods they produce is correctly presented by the sellers and customers will be able to buy and collect the parcel in the shortest time possible.
The blockchain on the https://aligatocoin.io/ platform will reduce data duplication and eliminate the risk of data loss since the number of users of e-commerce and the amount of data exchange is huge enough to avoid the necessity of repeating them repeatedly.
The security of the sensitive data of users of the Aligato platform will be much more upgraded with a better mutual verification of buyers and sellers which will reduce the risk associated with transactions and the protection provided by blockchain technology adopted on the platform will reduce the risk of theft of personal and financial data of Aligato users.
Also Aligato platform provides more opportunity that allows users to purchase goods and pay for fees and commissions using the major cryptocurrencies and the AligatoCoin which is the Aligato internal token in addition to all payments methods and systems available for transactions today and using AligatoCoin for payments will guarantee users much lower costs of using and servicing the website, especially sales fees and provide users the opportunity to exchange the AligatoCoin directly to other cryptocurrencies and fiat currencies.
OTHER TECHNOLOGIES INTRODUCED IN THE ALIGATO PLATFROM
Aside the Blockchain technology integrated with the Aligato platform, the team of Aligato has also introduced some technologies in improving the experience of customers and other stakeholders in the current global e-commerce industry which are outlined below;
- ALIGATO DELIVERY DRONES
The frequent complaint of time of shipment from customers has spurred the team of Aligato to develop and introduce the Aligato Delivery Drone technology which is autonomous in the e-commerce industry. The system is designed to operate on the B2C(Business-to-consumer) and C2C(Consumer-to-Consumer) lines , delivering shipment up to 100kg to the customer’s door.
However the system is autonomous and collision-free and the existing real estate infrastructure will be used so as to ensure optimal conditions for the possibility of flying drones with each of the selected relocation locations/points having its own transmission station which will be integrated with the coinomat and the ‘Drone Link’ system will allow you to physically take over the shipment in case of technical problems or drone failure.
- ALIGATO ARTIFICIAL INTELLIGENCE
The team of Aligato has planned Aligao to become an intuitive platform with a view of providing simplicity of service by guiding the users on the Aligato platform through an automated management system. The Artificial Intelligence System will observe the behaviors of users and learn to work with them. The Artificial Intelligence System will also be responsible for automating the sales system through the suggestions generated based on previous users’ interactions with it and the process can be performed manually or with the help of the Artificial intelligence depending on preferences.
- SYSTEM PAY VIA EYE (PvE)
One of the most innovative technological aspect of the Aligato project is the System Pay via Eye (PvE) technology where payment is authorized after scanning the iris of one eye of the user and also used for verification. The settings and formation of the iris of each eye is always different from the formation in another eye which means the iris formation for the two eyes of one person can never be the same and eventually the iris of one eye can never be duplicated anywhere in the world. This is a bio metric security that provides a guaranteed security in payment for users and thanks to the Aligato team for bringing this immutable method of verification or payment on the platform.
The Aligato team plans to implement Pay via Eye (PvE) technology using the right algorithms from existing devices, creating its own scanner to run PvE as one of the available payment methods on the Aligato platform. The Aligato team will also increase the security by developing additional authorization (2FA) which could be an SMS with a code, Google Authenticator or Pre-determined PIN.
CONCLUSION
The advanced system of blockchain technology adopted by the team of Aligato provides a secured,fast and transparent payment transactions. It also provides security of users’ data on the platform and provides accurate data about goods to buyers ranging from the origin to the authenticity and specification of the goods. Other technologies such as Drones Delivery ,Artificial Intelligence and Pay via Eye which provides autonomous delivery of goods to customers, automated sales through suggestions and iris scan for payment verification respectively will better improve the experience of users in the e-commerce industry.
The Utitlity token of Aligato is the AligatoCoin(ALC) and it is the internal token of the Aligato platform.
For more information on Aligato and how to participate in the ongoing AligatoCoin (ALC) token sale kindly visit the following links
Website: https://aligatocoin.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3288216.0
Telegram: https://t.me/aligatocoin
Author
BitcoinTalk Username: Eyez_berg
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