Grocery industry is one of the largest consumer markets worth $98 billion and predicted to reach 290 US dollar by 2020. INS has chosen to reinvent the conventional grocery industry where retailers were dominating and manipulating the manufacturers resulting in costly products to the consumers. This ecosystem is designed to benefit manufacturers for getting more profits for selling their goods and consumers for purchasing economically. Bellow we will show how INS is reshaping the grocery industry in the near future.
In the current system consumers have to buy from retailers by visiting their store. The problem with this system is that customers have to choose from the available brands. Only the products from the brands favored by the retailers make space on the shelves and they prefer the ones who benefit them. This intermediary way of purchasing is costly because manufactures have to keep a good share for the store owners. INS is offering a solution which completely bypass the retail industry by providing a direct connection between manufacturers and consumers. By using this ecosystem you will get more choices of different grocery items at an economical price.
INS is a multi-rewarding program which also benefits manufacturers of the grocery items in multiple ways. By using its online platform, manufacturers don’t need to pay extra to the retail stores for shelfing their items. They will have a direct interaction with the consumers for selling their items and having more profit. It will more freedom for them on the platform for offering multiple products to the users without having to request any third-party for any favor. They are supported in the following ways: · Warehouses are provided where they can stoke their goods in economical prices. · INS has also integrated small and big courier companies who will deliver these goods to the consumers from these warehouses. · This platform also offers a reliable and fast payment system which charges low commission fees and helps you save up to 6%.
Everything about different type of transactions in the ecommerce setup are recorded on a disturbed ledger called blockchain. Consumer, manufacturers, couriers and warehouses can access the information from this ledger without having to use any intermediary. As we know that no one can change the records or manipulate the data on this miracle of revolutionary technology, it brings more transparency and trust among different stakeholders. The blockchain not only records the data but it also drives the whole processes to completion by using smart contracts. Smart contracts are simply the contracts carried out in a real life but with a more automated mechanism where operations get automatically executed on meeting certain requirements.
This program has a native token which is used for paying against different products and services. This online ecommerce program will be accessible through the website and an app. Consumers or other users can conveniently pay in BTC, ETH, INS tokens and in fiat currencies. However if you will use INS token you will be rewarded in different ways.
INS is developing a Direct-To-Consumer data-driven platform for the consumer sector. Powered by blockchain and smart contracts.
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