Many business are using the platform of blockchain technology in which main sector is mentioned i.e. finance, agriculture, business, international trade and logistics, luxury, wine, real estate, or even the pharmaceutical industry.
In the field of logistic trade there are lack of transparency of products and counterfeiting, and the authenticity of products. The consumers can be swindled by counterfeits.
To avoid the counterfeiting, they launch a BOW app in which customer can directly make connection with developer with the help of scanning QR code form BOW app labeled on product. This QR code give the user access to the distribution circuit of a product with its different details range from the details of birth place of product, composition of product, information of brokers involved, authentic certificate and all the relevant details which the developer wants to share with customer.
They are also planning for the creation of BOW software which provides a platform for industrial brands to manage their supply of provisions. The use of blockchain technology reduce the frauds and errors and make the business more fast and secure then old-traditional method of trade.
Our application in a few figures:
“Vented”: an application claims on 15% commission per sale.
“Vestiatire collective’s price is between 23 to 38% commission for each sale.
Also, our application will ask for a commission of 20% without a fixed fee.
We will identify products using an NFC chip (which allows the exchange of information between two peers’ devices) and a QR code.
Application BOW (B2C):
Or B2C application will provide a whole range of services for the users, whether customers are shopping from online or physical stores. This app is available on different devices such as iOS and Android and available in different languages and work in different countries.
This app have: secure payment method, two way authentication system, an OTP audit and security email confirmation. A KYC will be mandatory for each user.
The features of the application will be as follows
For the user:
User can make purchase through and kind of store, after scanning QR code and receive the authentication certificate and all the relevant information about the product, they make decision whether to buy it or not. There are a lot of reviews about the product. This platform will help to save the time of user and employer.
User can get the offers from B2C which have discounts awarded from BOW Company in spite of them these users can also be invited on fashion shows etc.
It provides a safe and secure method of payment through the token called BOW token which is exchangeable into various famous cyptocurrencies.
For the distributer:
It will penalize the company if it finds any illegal trade in their market or do not follow their supply strategy. On the contrary, it will reward some companies if it finds that companies are adopting these criteria in their supply strategy. This company also promotes these products that respect the quality charter of the company to enhance the growth of new customers.
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