UTEMIS The first e-commerce that decentralizes businesses reputation on the Blockchain and unificates Latin America into a single economic space. Something happens, you get 100% of your money back.
WHY INVEST IN UTEMIS
The UTEMIS cryptocurrency is transforming the entire Latin American continent into a single economic space.
Conduct business in the entire Latin American continent as if it were one country, find new clients and suppliers and evaluate them by their reputation.
Save 99% of the current costs of conducting transactions and payments, no bureaucracy or waste of time and instant payment.
Same as Chinese e-commerce giants, your purchases are 100% protected with UTEMIS escrow account, if something happens you get 100% of your money back.
Trust and reputation are the fuel that drives business growth. By decentralizing their reputation on the Ethereum Blockchain, businesses that are honest will thrive, and those that are not will find themselves driven out from the system. And for the first time ever 100% of this outcome depends on them.
OUR TECHNOLOGY
01 / A NEW BEGINNING
UTEMIS uses the latest technology to give everyone a fresh start. A new opportunity to do things right. At UTEMIS everyone has a clean slate – you write your future on the Blockchain. No matter what you did in the past, or where you come from. You can do business now without corruption, save costs, eliminate fraud and avoid bureaucracy and red tape when buying & selling goods in Latin America (also in the U.S. and Canada). You will only pay if you are 100% satisfied with the goods. And your money will always be protected.
02 / SECURE
Blockchain is a foundational technology upon which any system can operate, is a database technology that creates an auditable distributed ledger of transactions recorded digitally among a broad network of users. When used with a cryptocurrency, the Blockchain record can only be updated by consensus of the majority of the participants in a network, and once entered, entries cannot be erased. That means that it can be trusted, you are the only one writing your reputation on the UTEMIS Blockchain.
03 / EASY
A platform to do business that it is easy to use and that is secure. Where you can easily verify potential customers and suppliers’ reputation and where everything is public and on a trustable Blockchain. There are no hidden costs or surprises. No bank fees, no currency exchanges, no delays in payments, nothing. Payments are made instantaneously – and you can withdraw your payment immediately
Revenue Model
UTEMIS wants to change the B2B landscape of Latin America. But UTEMIS is also a for-profit
corporation. In that line UTEMIS has three different and lucrative sources of revenue, which
combined with accelerated growth in customers acquisition renders the following sales
forecast:
Short explanation of each one of the three sources or revenue. These sources of revenue do
not include any other source of non-operating revenue, such as the appreciation of the
UTEMIS cryptocurrency:
- Advertising: Signing up at UTEMIS is free for companies. But certain services such as
advertising, an expanded view of the entire shop, introducing all the company’s product
references, etc. are only available through our freemium model (this is a type of business
model where the basic service is free and customers have to pay if they want to use more). - Transaction per payment: We charge to the seller (not to the buyer) a small transaction fee.
This way the buyer is always presented with the final costs, there are no surprises for the
buyer in terms of price. - Escrow account working capital: We use very conservative financial instruments to monetize
the money that is temporarily stored in the escrow account.
Business Model Architecture
UTEMIS believes that it is important for participants to understand the company’s Business
Model Architecture. Although this is of course a simplification of reality (the real business
model is substantially more complicated than that) we are offering a simplified description the main information and monetary flows that populate UTEMIS’ Business Model
Architecture.
Plan
UTEMIS will commercialize itself through direct commercialization – with its own salesforce. UTEMIS salesforce will sign customers on site and will be very active at conferences. Other actions include email marketing, arms- length retailers, partners, etc.
In addition to direct commercialization we have developed a powerful ‘word-of-mouth’ campaign between UTEMIS current customers. We will compensate them by duplicating their bank balance in the UTEMIS platform with UTEMIS cryptocurrency.
Other marketing campaigns that are prepared for expansion include:
- Free Offers & Free Trials.
- Premium Offers.
- Getting Customers to Act (immediacy).
- Guarantee Offers.
- Limited availability offers, e.g., double your investment but only in the next 12 hours.
Use of the ICO Funds
Primary Development
Thirty per cent of the funds received during the ICOs will be allocated for the development of our primary entities within the UTEMIS Ecosystem. Entities such as the UTEMIS market place which is near completion although still in Beta testing.
Functional Costs
The expansion of the UTEMIS Ecosystem will require capital for day-to-day operational costs. For example, as a financial ecosystem, there is a need to purchase cryptocurrencies to ensure that there are enough reserve funds to meet the demand for crypto-fiat currencies exchanges. There are also numerous expenses that may arise on a day-to-day basis. Fifteen per cent of the raised funds will be reserved to meet these costs. We plan to hire over 1,000 salespeople to reach our sales and cryptocurrency token value objectives by the end of the year.
THE RISE OF CHINESE E-COMMERCE GIANTS
UTEMIS operates on the same business model as several Chinese e-commerce giants. And intends to execute it in Latin America. The success of this business model is beyond question. The rise of Chinese e-commerce giants is very well known both in China and around the world.
Growth in this business is in the four digits, for instance, a prominent Chinese e-commerce company has seen its sales increase by 2,831% in the last eight years, up to a total of 158 billion – these are real data from audited companies.
#UTEMIS is applying the same business model that successful Chinese e-commerce companies use to end economic and financial unfairness in Latin America.
Bitcoin was not created to convince fiat currencies to protect consumers instead of institutions. Bitcoin was created to
start something new. Something fundamentally better.
Think about Latin American economies, you will see “corralitos” (freezing of people’s bank accounts, with only small periodic withdrawals in devaluated local currency allowed), currency devaluations, restrictions on the movement of capital, arbitrary financial controls, etc. These actions that governments undertake have real and direct consequences on the people they pretend to serve.
Consider Venezuela, where people are nowadays buying Bitcoin because they don’t trust their national fiat currency. While this might be an extreme case, the need that citizens have to protect themselves is felt across Latin America. This is preventing generations of people from realizing their dreams, improving their standard of living and, even, getting out of poverty.
International initiatives to change this situation have crystallized in a variety of centralized trade agreements between countries. But, in a very Latin American fashion, these agreements end up benefitting mostly larger corporations, usually owned by the wealthiest and most powerful and politically influential persons. Leaving millions of medium and small size firms cut off from these large and lucrative markets. Dr. Juan Pablo Vazquez Sampere, UTEMIS cofounder and expert in Disruptive Innovation has published an article in the Harvard Business Review about Alibaba and how this situation is similar to that in China before the emergence of big e-commerce companies. It shows how e-commerce was instrumental for helping small and mid-size firms grow. Today, United Nations data suggest that poverty in China is virtually eradicated.
Big e-commerce companies in China emerged as secure platforms where businesses that did not know each other were protected against fraud and theft. Using an escrow account, and a huge sales force in combination with thousands of sales events all over China, these companies enabled a new generation of business owners to capitalize on opportunities that they could only dream of before.
In Latin America this has not happened yet. With cross border trade of $820 Billion, and a total combined GDP of $9 Trillion, Latin America is not growing as much as China mainly because of extensive government interference, widespread corruption and market inefficiencies.
UTEMIS is a new business model where we put the people’s priorities first. A place where if you don’t deliver, or poor quality or fraudulent products are provided it will be recorded for everyone to see on the blockchain. But it is also a place where if you are honest and do honorable business it will also be publicly available on the blockchain – adding significant business growth.
We decentralize businesses reputation. Decentralizing businesses reputation enables Latin American companies that have never met each other to conduct international business based on trust. Their reputation is public, available and verified.
Just as Bitcoin was not created to remind governments having fiat currencies that they should protect consumers instead of themselves, but to create something new and fundamentally better; a new decentralized architecture that protects consumers. UTEMIS aims to be a successful business that thrives by doing good and that goes beyond generating change. UTEMIS wants to be the change itself. It’s been way too long for Latin America. By decentralizing businesses’ reputations for everyone to see and exposing them to new business opportunities, millions of people can finally have the opportunity they deserve.
#NEWS ABOUT UTEMIS
"According to China’s Foreign Minister Wang Yi: China is Planning to Embrace Latin America"
Mar 8, 2018
China’s Foreign Minister Wang Yi, together with his counterparts from 31 Latin American and Caribbean countries as well as heads of four regional organizations and multilateral institutions, including the United Nations Economic Commission for Latin America and the Caribbean, attended the Second Ministerial Meeting of the Forum of China and the Community of Latin American and Caribbean States (CELAC) that was held in Santiago, Chile.
China is very interested in Latin America, and Latin America is very interested in China. Both want to lower their dependence on the U.S. But for Chinese companies, doing business in Latin America is a big cultural change, and for Latin American companies, retaining the control of their businesses and economies is also a key priority.
Enter UTEMIS, where China can replicate the success that it has had with the Chinese e-commerce giants and Latin America can empower its businesses and enter a new era of prosperity.
Interview with Status.im COO Nabil Naghdy at Netexplo UNESCO 2018
Mar 6, 2018
Every year, just for a couple of days, Paris celebrates the Netexplo Forum, the conference of UNESCO’s observatory where the ideas that will shape our reality – in life and in business – are presented to a selected few.
Dr. Juan Pablo Vazquez Sampere is an expert at Netexplo UNESCO and this year he interviewed the COO of Status.im Nabil Naghdy.
Team
Advisory Board
Higinio Guillamon Duch
Nicolas De Narvaez
Jaime Pascual
UTEMIS Team
Dr. Juan Pablo Vázquez Sampere - UTEMIS founding team
Daniel Ortiz Uribe - UTEMIS founding team
Walfredo Dantas - Country Manager - Brazil
Luis Tinajero Michel - General Manager - Mexico
Pablo Uribe Villa - Country Manager - Colombia
Tony Codina - Core Technology Team
Francisco Denia - Central Technology Team
Links.
Web Site https://www.utemis.com/
Whitepaper https://www.utemis.com/White_Paper_Utemis.pdf
Telegram https://t.me/joinchat/EKWKsRBgoQZzPLRDs9kA2g
Twitter https://twitter.com/UTEMISUTS
Facebook https://www.facebook.com/utemiskrypto/
Reddit https://www.reddit.com/user/utemisuts/posts/
Linkedin https://www.linkedin.com/company/utemis/
Ann https://bitcointalk.org/index.php?topic=2918419.0
By Bitcointalk user: v17753150
Profile: https://bitcointalk.org/index.php?action=profile;u=1836271
Myetherwallet: 0xd9613A75671E43D8bDd0aE885979F77C3861889f
By v17753150