Trade is actively developing the modern world, and if a decade ago, counterparties interacted within a maximum of one country, now the trade supply chain of goods can be established between different continents. Suppliers and sellers are satisfied with this development of trade, because it allows using all channels and sales areas to effectively trade goods. The only aggravating circumstance is the inability to track the entire chain of contractors involved in the delivery, which adversely affects the quality of the goods and entails heavy losses. Due to the fact that most suppliers are working on prepayment basis, the compensation of losses becomes a long and complicated procedure. Decentralized Tendor platform solves this problem and allows to fully control the chain of delivery of goods.
https://tendor.io
Key features of Tendor
Decentralized Tendor platform specializes in building logistics for the delivery of goods, as well as the ability to monitor each stage of the delivery process in real time. Tendor raises the level of trust and awareness among users, allowing to conduct high-quality transactions at a reasonable price. Tendor simultaneously uses high-quality programs with artificial intelligence to minimize errors and improve the workflow.
Advantages of Tendor
The work of the platform is based on the use of blockchain technology, which reliably stores all the information and money resources of users. Tendor suggests using a settlement system for deliveries through a platform that protects the interests of each party. When placing an order, a buyer pays the full amount of the advance payment, which is stored in the wallet of an order.
When an order is executed, a supplier requests confirmation. After checking the quality of the goods and fulfilling all delivery conditions, a buyer confirms execution and the money is transferred to a supplier's account. This approach to the registration of transactions will protect the interests of a supplier, saving him/her from buying a substandard or counterfeit goods. The transaction on the project is executed using Tendor trade program, which allows finding the necessary suppliers, third-party transport companies through a wide filter and without the involvement of logistics companies, that helps to significantly save on the payment of intermediaries. In the event of a car breakdown, a user can independently find an alternative version of the original delivery.
Tendor platform allows dealing with counterfeit goods. Each registered participant should pass the SCC check to confirm their authenticity. Now, when ordering products, a buyer can be assured of the quality of a product and its compliance with the described parameters. It is possible to track the movement of goods on the platform through RFID & NFC tags. Modern machines are actively equipped with intelligent sensors for online monitoring en route. Now a user will always know who is in charge of a delay in the delivery of goods occurred and who is the subject of the penalty.
https://tendor.io
The latest development of Tendor is Tendor Track mobile application, which allows finding out information about the product, including the country of manufacture and basic properties, by scanning the smartphone NFC-tag. This application also allows dealing with counterfeit goods on the market.
Tendor cryptocurrency
To perform internal calculations, TDR tokens are used, developed on Ethereum in accordance with the ERC-20 standard. A total of 100 million tokens have been issued, of which 85% are allocated for sale. The platform accepts only ETH to purchase tokens, it is possible to purchase 1 612 tokens for one unit. The minimum purchase amount is 0.01 ETH. The project’s softcap is $550 thousand, hardap - $15 million. The project’s crowdsale starts on September 15.
Summary
Thus, Tendor platform allows uniting suppliers and buyers within a single project, while ensuring a high level of trust between them. A convenient online order tracking system, product authentication and a profitable settlement system will ensure the effective operation of companies, increasing the level of product quality and eliminating counterfeit products from the market.
The project was launched in late 2017, and the MVP version of the project is currently available. By the end of 2019, the official launch of the business network in full functionality is scheduled.
Links:
Website: https://tendor.io
WhitePaper: https://tendor.io/whitepaper
Telegram: https://t.me/joinchat/GGs7d0nrShYauH97DoJo2Q
Facebook: https://www.facebook.com/tendor.io/
Twitter: https://twitter.com/TENDOR_io
Medium: https://medium.com/@tendor
ANN: https://bit.ly/2wsSXXO
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.