What is Vanig ?
Vanig is an e-commerce startup powered by the blockchain. Our aim is to create a platform that changes the way e-commerce works. From manufacturer to consumers, we can apply the power of the blockchain to make shopping an amazing experience for everyone involved.
Who is behind VANIG?
The Vanig project team consists of individuals with years of experience in both the supply chain and online business. Concerning software, the Vanig supply chain and e-commerce ecosystem is built using the Hyperledger Sawtooth blockchain framework. It is further bolstered by the integration of AI and machine learning infrastructure.
Patent Pending Technology
Integrated E-commerce and Supply Chain Solution using Blockchain.Patent defines an integrated E-commerce and Supply Chain solution using blockchain Technology that addresses several significant present day challenges and inefficiencies; simplifies the E-commerce experience; eliminates intermediaries and manual processes in the Supply Chain; shortens recall process and timelines for manufacturers and retailers, providing real-time product visibility through to the consumer.
Inadequacies of the Supply Chain VANIG Seeks To Solve
Non-Transparency: Currently, participants in the supply chain do not have access to all stages of a transaction. As a result, this data is vulnerable to manipulation.
Intermediation: As of now, intermediaries act as the link between the two ends of the supply chain; the merchant and the consumer. Also, these middlemen are the custodians of trust. The bottom line is, the intermediaries charge excessive fees that eat into the gross profits of merchants.
Static Inventory Management: The existing infrastructure cannot handle the voluminous supply chain data. This shortcoming often leaves inventory stagnate, and they become obsolete over time. To avoid such a situation, companies have to resort to the expensive upgrading of database infrastructure.
Ineffective Tracking Of Orders: Presently, the order tacking systems is significantly ineffective. This is particularly highlighted during recalls, as clients have to wait for long periods before a defective product is replaced.
Challenges Facing e-Commerce
Inefficient Logistics Handling: A majority of online business lack the provision for tracking ordered shipments. In some caes, the delivered goods are slightly different to the ordered goods.
Inconsistent Inventories: Due to the absence of a competent inventory management mechanism, consumers end up disappointed when they favorite products run out of stock before they acquire them. On the other hand, merchants may either overstock or understock a particular item.
Cross-Border Regulations: While most e-commerce sits are universally accessible, the problem lies in complying with the greatly varying shipping and taxation regulations in different countries.
Falsified Reviews: Some malicious online businesses often publish fake reviews in a bid to drive more sales of their products and services.
Team
Advisors
More Details
Website : https://vanig.io/Whitepaper : https://vanig.io/latest-whitepaper
Facebook : https://facebook.com/vanigplatform
Twitter : https://twitter.com/vanigplatform
Telegram: https://t.me/VanigPlatform
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