Hello all how about your news, Here we will see INS Ecosystem (INS). This is a popular project that seeks to apply Blockchain technology to the food supply chain. As always, this is not financial advice, I just share a little information about the project I personally invest as you see on my cryptocurrency portfolio page.
Overview of the INS Ecosystem
INS Ecosystem is a platform built to give consumers the ability to buy groceries easily from the manufacturer. INS Ecosystem will achieve this by utilizing Blockchain Technology. This service cuts retailers and has the potential to increase the global wholesale supply chain directly or indirectly.
If successful, supply chain improvements will occur directly to consumers and producers by removing intermediaries and improving efficiency. The supply chain will also benefit from indirect improvements as it increases competition in the market space.
The target customer base for INS Ecosystem is an online wholesale buyer. According to the INS Ecosystem white paper, this is a growing market and should reach $ 290 billion by 2020.
Issues Handled by the INS Ecosystem
While there is a clear advantage of having a retailer as part of the food supply chain, it can be argued that this retailer has consolidated an unnecessary amount of power. Large retailers naturally have their own business interests in mind. Unfortunately, the interests of many major retailers may not be in line with the property of the manufacturer or consumer.
For example, retailers like Walmart may influence wholesale manufacturers to supply lower priced products and difficult to fulfill delivery requirements for manufacture. These practices will be more acceptable if most of the cost savings are passed on to the consumer, but often not.
Many times the capital deposited by retailers using their leverage to extract a better price from manufacturing is not passed on to consumers. INS Ecosystem seeks to address several inefficiencies in the retail grocery supply chain such as:
Excessive Food Waste
The retail waste food problem is large and growing retail. Often retailers discard food that can still be consumed for other shipments. This is done many times to keep the shelves as full as possible in between deliveries.
Wholesale retailers have turned to charities to help reduce food waste. While this is an effort worth noting in the retailers section, there is growing evidence that these programs are not enough.
Retailers Have The Power Too Much In The Market
Due to the consolidation of retail strength that has been going on for years, there are some retailers that have gained huge market share. Although there is nothing wrong with this, these retailers often become publicly traded companies.
This means that their main focus is to increase the return of their shareholders. Without market pressure, manufacturers are not given incentives to lower prices for consumers or improve efficiency. The increasing market share enjoyed by companies like Walmart ensures that competition remains minimal.
This naturally happens when there is consolidation of retail power as we have seen. INS Ecosystem can disrupt the grocery industry and provide the competition needed to influence retailers to improve their practices.
INS Token Utility
Consumers and manufacturers will be encouraged to use an INS token when making purchases within the INS Ecosystem. The plan is to charge consumers almost 0% of the cost when buying using an INS token. They also plan to allow manufacturers to reward consumers who use the INS token.
The total supply of an INS token, according to coinmarketcap.com, is 50,000,000 INS. If the INS Ecosystem is able to exploit the global wholesale market and user incentives to pay using original tokens, this could theoretically have a positive effect on the use of an INS token.
Of course any information about future token usage is highly speculative and should be taken as such. Anyone who has been in the cryptocurrency market sometimes knows how volatile it is and that nothing in the crypto is guaranteed. I can not stress enough the importance of doing your own research. I can recommend a good chronic and talk to you about crypto, but I can not tell you which cryptos to invest.
Adoption
Our initiative to challenge the grocery retail value chain extends beyond the crypto community. We're ready to turn the idea of online shopping on a massive scale and introduce a decentralized consumer market to viewers with little to no information about blockchain-based technologies.
With perfect knowledge of the wholesale markets and extensive industry experience of the team, we will rediscover grocery shopping. The INS website and app will make it easy to open and maintain a cryptocurrency wallet, purchase INS Tokens, earn prizes and loyalty points.
We are betting on improving core products along with INS website and app promotion to attract a wider audience. With more and more consumers active in the network, there will be more value to getting out of the shopping experience.
ROADMAP
For More Information, Visit;
Wibesite: https://ins.world/
Mittepaper: https://ins.world/INS-ICO-Whitepaper.pdf
Telegram: https://t.me/ins_ecosystem
Facebook: https://www.facebook.com/ins.ecosystem/
Twitter: https://twitter.com/ins_ecosystem
Author (doblok)
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1035549
My ETH Address: 0x45CC001673969f7a5e77ab858BaD85d650427227