Hi dears, another interesting project is being started. First of all, for who missed the previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly. All this racket of cryptocurrency has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of blockchain technology. The blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc. An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Entering in more detail, today I am going talk you about EkkBaz ICO-Project related to grocery stores market. You can see a brief video about what EkkBaz is in order to introduce you in the topic.
As I said before, EkkBaz (EKK) (https://ekkbaz.com) is a B2B platform designed to solve the problem of the need for effective collaboration with local manufacturers and the generation of income to sustain the businesses and live of owners of traditional community-based last-mile grocery stores.
To carry it out, the development of an application has been studied through the new blockchain technology based on smart contracts, artificial intelligence, social and collaborative technologies in such a way that it can significantly simplify direct interactions with stores, reduce the number of intermediaries and empower the owners of root level stores in any corner of the world in a simple, fast, safe and transparent manner.
Thus, the core product is a B2B platform where shop owners and companies can connect without problems, capture data from direct orders or assisted in real time, collaborate with other companies and also rent space for physical promotions in the store.
The main objective of EkkBazz Project is to create a leading B2B platform in its sector of the global consumer goods industry, maintaining a thriving ecosystem of grocery stores and connecting them with manufacturers seeking to collaborate directly. The idea is to create an app that connects, enhances and transforms grocery stores allowing direct interaction with manufacturers in any corner of the world through a successful model that encourages all participants.
Furthermore, the long-term objective of EkkBaz is to develop a BAZ Own Protocol, intended for a network with components specially designed for consumer goods companies and that, thanks to blockchain technology, be decentralized and intelligent. The EkkBaz Business Application will consist of the characteristics shown in the following table.
| Smart orders | Income generation | Digital Inclusion | Smart assistant |
|---|---|---|---|
| Implemented so that, through intelligent contracts and chain blocks, the realization of efficient orders in real time between grocery stores and manufacturers is executed effectively. | Blockchain technology will allow store spaces to be reserved by manufacturers for product display purposes, which will generate new revenue streams for grocery store owners. | It will also provide a QR code identity based on a block chain for grocery stores and provide tools to integrate with other business solutions through the Baz store. | It will allow to maximize the assortments of products in the store and increase sales with AI, which will advise on the best possible results of orders using predictions and forecasts based on machine learning. |
Regarding the operation of the platform, it will have the participation of the grocery store, which are small, entry-level businesses that want to buy groceries and sell to consumers in their localities. They have spaces in their shop for the storage and display of products. Manufacturers, companies in the packaged goods, groceries and household consumables business. They can range from local farmers to large multinationals. Suppliers, which are commercial entities that facilitate delivery and centralize compliance in the supply chain. And Field Force, mobile representatives employed by manufacturing companies or suppliers who collect orders.
Example visualization of how EkkBaz platform works
The platform consist of a series of features described in the following table.
| Order | Reservations | Analysis | Chat |
|---|---|---|---|
| Create orders, deliver and deliver them quickly in real time, with instant notification to all associates. | Reserve a space dedicated to grocery stores, create the opportunity to showcase your products to store visitors prominently. | Review your business with real-time analysis. Anticipate your demand and increase your income. | Collaborate with all the interested parties of the company using messaging or voice to communicate any need immediately. |
 |  |  |  |
In summary, using the existing blockchain, artificial intelligence and social and collaborative technologies in a user-friendly mobile interface, EkkkBaz will simplify B2B interactions and expand the profit potential of millions of traditional and community grocery store owners in the rapidly rotating consumer goods industry worldwide with an omnichannel approach.
Through the current mobile application of EkkBaz Business, small grocery store owners can order wholesale products, make a list of additional spaces to reserve, chat directly with the manufacturers and obtain information about the latest products cured in a unique and practical mobile application.
As part of the next phase of development, blockchain technology will be incorporated to provide digital identities and intelligent contract transactions for taking orders and reservations, as well as to eliminate intermediaries and replace tedious paper manual processes with transparency, confidence and efficiency in real time for companies at the root level.
So the benefits that EkkBaz will bring to the grocery industry are many. Below is a table with most of them, separated according to their function.
| Benefits for the Supermarket | Benefits for Manufacturers | Benefits for the Platform |
|---|---|---|
| New Ways to Earn Additional Revenue | Direct Collaboration with Millions of Small Stores on a Single Platform | Directly Connects Grocery Stores to Manufacturers |
| Order original products directly from verified companies | Publish products, discounts to make them readily available for ordering | Facilitate information sharing and collaboration |
| Intelligent data-based wizard to help maximize product range and sales | Dedicated, location-based push sales channel | Smart contracts for easy interactions |
| Increases productivity and saves time, eliminating tedious paper invoices and manual reconciliations | Provides compelling promotions and loyalty rewards directly to store owners | Uses EKK to facilitate B2B transactions |
| Earn rewards directly from manufacturers | Real-time analysis to improve operations | |
| Transparent feedback and business interactions for high scores | Transparent feedback and business interactions for high scores |
Roadmap
| Date | Events |
|---|---|
| Q1 2017 | EkkBaz conceptualization and team formation in stealth mode. |
| Q2 2017 | Ordering mobile app released in Google Play Store and Apple App Store. |
| Q3 2017 | Booking feature released to mobile app. |
| Q4 2017 | Piloting with manufacturers and grocery stores for feedback. Chat module released. |
| Q1 2018 | Analytics & Forecasting module released based on feedback. Announcement for Token Offering using ICO. |
| Q2 2018 | ICO Token Sale & Distribution. |
| Q3 2018 | General availability in Bangladesh & Singapore. Release of BAZ Store and EkkBaz Business web app. |
| Q4 2018 | Release of in-market fiat payment support. Expand to Malaysia and select states in India. |
| Q1 2019 | Release of blockchain privatized network alpha. |
| Q2 2019 | Release of blockchain privatized network beta. Expand to Indonesia. |
| Q3 2019 | Release of blockchain identity alpha. |
| Q4 2019 | Release of blockchain identity beta. Release of TestNet. Release of blockchain smart contract alpha. |
| Q1 2020 | Release of blockchain smart contract beta. Release of BAZ Brain alpha. Expand to Thailand. |
| Q2 2020 | Release of BAZ Brain beta. Expand to Vietnam. |
| Q3 2020 | Release of BAZ Protocol beta. Expand to Philippines. |
| Q4 2020 | General availability of BAZ Protocol. Expand to Australia and New Zealand. |
| 2021 | Growing the platform and further expansion to more countries in Asia, Africa and Latin America. |
Airdrop
The project gives the opportunity to earn EkkBaz (EKK) performing some social media tasks and doing simple steps from the bounty program explained into their own Platform. Here (https://ekkbaz.com/token-offer/bounty/) you can access the link in order to see what are the conditions to become an early EKK contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://ekkbaz.com/token-offer/whitepaper/en) or visit their Token Sale Web Page (https://ekkbaz.com/token-offer). You can also stay tuned in their official Telegram group (https://t.me/ekkbaz). I hope you liked the post and soon I'll send you new ones.
Extra details
Token: EKK
Platform: ETH
Type: ERC-20
ICO price: 1 EKK = 0.0001 ETH
Tokens for sale1,000,000,000
Author Details
Email: adria.parcerisas.albes@gmail.com
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71