The problem of the supply chain industry and Vanig solution

Supply chain have existed for a long while and yet it still have a lot of problems like the lack of transparency because the source and origin is hidden in data silos which most of the time is unreadable by normal person, long payment waiting periods, the cluster of middlemen cause the increased cost which shared by both suppliers and consumers, static and inefficent inventory management which is will need the IT systems to be redesigned and expensive retrofit solutions that are normally not affordable by participants in the chain. The Vanig company is founded in order to solve the problems above.

1.What is Vanig exactly ?

Vanig is the world’s first integrated E-Commerce platform and Supply Chain ecosystem powered by the blockchain. The main objective of this project is to streamline the supply chain so that it is alignment with the fast e-commerce industry. Vanig proposes the use of HyperLedger’s Sawtooth Lake technology

to combat the issues preventing users from a smooth experience. Addition to this, Vanig offer high quality, affordable, timely products and services to the consumer.

2.So how can Vanig solves the problems above?

The solution revolve around the blockchain technology to target the inefficiencies of modern ecommerce and supply chains with the help of smart contracts. Vanig also act as the link between the two ends of the supply chain to eliminate the need for middleman in order to reduce the transaction cost. Vanig also provide a more comprehensive inventory manangement system which is particularly useful in the case of product need to be refurbished. All transaction records are stored in the blockchain and Vanig’s service can be integrated with existing big e-commerce platforms such as Amazon, Alibaba, Walmart, Shopify, BigCommerce and WooCommerce,.. which can be automatically uploaded to Vanig. Independent sellers will be able to use Vanig to create their stores and upload their goods. They will also be able to upload product descriptions, including prices, photos, characteristics, etc. Goods will be imported to the Vanig platform by uploading CSV files automatically recognized by the system and everything will be recorded for transparency. Therefore, Inefficient aspects of traditional e-commerce are to be eliminated with the help of smart contracts and hyperledger technology

Vanig have 3 layers:

-The presentation layer includes web, app and mobile UI for regular users

-The semantics and application layer houses the Vanig core component to handles all transactions

-The intelligent data layer consists of the blockchain technology and hyperledger sawtooth services

About the transaction process, the Vanig team describes the process flow as follows:

A user places an order via the website or mobile app.
The order details are automatically fixed by the smart contract and recorded on the blockchain.
Another smart contract between manufacturer and distributor is written when the manufacturer ships the product.
The distributor receives the order from the manufacturer and delivers it to the consumer.
Delivery confirmation from the consumer will trigger another smart contract between distributor and consumer.
A final smart contract is created to record the transaction between the wholesaler and manufacturer.
The process is through, no vulnerability and certainly will satisfy all participants

The Vanig also offers MVP that enables potential investors to gain a general idea about the future platform.

The MVP is a demo version of the online store, which provides descriptions of goods, category navigation and simulated purchase using the process above. The illustration below shows one of the store’s pages.

3.The crew

Vanig co founder Prem Sekaranis an expert in IT and patent pending solution. He is passionate about Technology, Automation, AI, Process efficiencies in the Retail space. He has been in the game for 14 years and specialized in applying distributed consensus systems into e-commerce platform

Mr Vinodh KR, Vanig co-founder has over ten years of IT experience in retail space working for the J bank as Vice President in the US

The CEO of the company, Dan Ramirez, has over 20 years of experience in various industries include security, identity, financial, institutional and government . He specialized in Blockchain,domain acquisition,internet marketing, etc.

Other member of the team

The Vanig team is well balanced and has a suitable number of experienced specialists. Assuming everyone is able to fulfil their specified roles, there is no reason why the project would not be able to implement its technical and commercial aspects. With other members of the executive team and advisors consists of individual with vast experience in IT, blockchain technology and supply chains, Vanig is trusted to deliver its promise to build a place where the blockchain.

4.A look at Vanig token ICO

The token is ERC 20 based on the etherium blockchain. The private sale is currently ongoing and will end on july 22nd and the public sale will start.The total amount is 225 million tokens will be distributed. Anything you need to know about their token sale is here: https://vanig.io/#tokensale

Vanig team have made up their mind about Token distribution and Funds allocation:

As useal, there are some note about the token:

5.Their Roadmap: https://vanig.io/#roadmap

6.Public opinion:

The project is rated very high across all popular ICO rating website and the hype for that project is though the roof because of Vanig's program MVP mentioned above

7.Conclusion

With the intergation of blockchain technology, e-commerce and supply chain industry can benefit from the reduced price, increased in efficiency and greater enhanced interaction between consumers and sellers. The project will be prone to risks due to a highly competitive business environment and an insufficient number of unique product features, which may prevent entering the intended market and gaining a piece of the cake.However, Vanig with the experienced team and the right solution can surely compete with other similar projects like Omnitude.tech, EMarketChain.co, Elycoin.io, Elementh.io, Magento CE and more. Here is major e-commerce market players in 2015 :