I. The current status of the e-commerce industry
- As consumers continue to opt online, the retail industry has been forced to adapt from brick-and-mortar offerings to a strategy increasingly oriented toward e-commerce.
- The rise of e-commerce affects the supply chain management significantly. For retailers, e-commerce and its impact on supply chain management are no longer aleatory, that's for sure. This is how successful retailers have done despite the success on e-commerce channel is not easy.
- The major problems in the Supply Chain and E-commerce space.
- Lack of transparency and full visibility in the Supply Chain
- Too many intermediaries and manual paperwork
- Static or non-existent inventory management
- Inefficient tracking of products
- High selling fees on E-commerce platforms for sellers
- Lack of provenance information for products for buyers
- E-commerce and supply chains as two entities have a symbiotic relationship. While they are growing together, there are some issues related to transparency and intermediary. Consumers want more choices, cheaper product prices, faster delivery, order status updates, and free shipping. The distributors as well as the manufacturers they want lower selling costs, more sales, and competitive products in the market. I accidentally found a project online that solved the problems I just mentioned. Its name is Vanig and now I would like to introduce it to you.
II. What is Vanig?
- Vanig is an integrated E-Commerce platform and Supply Chain Ecosystem that is powered by the blockchain. It is a known fact that Supply Chain has not evolved fast enough in today’s E-Commerce age. Vanig aims to solve that by addressing some of the significant issues plaguing Supply Chain for the manufacturers and sellers, and also equally important is Vanig’s E-commerce platform that will be a truly rewarding shopping experience for customers, as they will get good product selection, real reviews, save money, get rewarded, have access to product provenance information and track and trace, making shopping trustworthy again.
- Vanig is an integrated E-Commerce platform and Supply Chain Ecosystem that is powered by the blockchain. Vanig's goal is to create a platform that will change the way e-commerce operates. From producer to consumer, Vanig can apply the power of blockchain to make shopping a great experience for everyone involved.
Vanig Video
III. How Vanig aiming to solve the major problems in the Supply Chain and E-commerce space?
- Long supply chains lead to an increase in the number of products that a product changes, leading to a final price increase. Vanig can effectively reduce the number of intermediaries, which will lead to cheaper products for you and profit for the seller.
- If you make a purchase from a seller today, the seller must wait for a long time to receive payment for the product. In addition, the seller lost money for the fee. On the Vanig platform, your payments are instantly transferred to the merchant as a VANIG token, allowing merchants to send your items faster and also provide a fair return for both Vanig and the seller.
- At the same time, information about the raw materials used in the production of a product is hidden in hard-to-open data silos without the formal investigation. The Vanig platform can store critical detail information about the material used in producing a product, providing complete transparency about how the product is manufactured.
- It is difficult to trace the source of all the materials used to create a product with the product because it breaks and is divided into many distribution services. All shipping records are stored in blockchain forever, allowing you to track your orders more efficiently, from production to delivery.
IV. The Vanig Ecosystem
The Vanig ecosystem is robust, scalable, permission-based decentralized blockchain. This illustration below shows how different participants in the Vanig Ecosystem interact with each other using Smart Contracts.
All these transactions are recorded and are linked as blocks in the Vanig ecosystem. This creates a chain of trackable blocks to shorten the tracking process from a few weeks to a few hours. Because the blocks are interconnected, it can show the real-time inventory of goods for both consumers and supply chain participants. IoT devices will record all cargo information during transport such as temperature, position, status,…
V. What blockchain technology does Vanig use?
Vanig is built on Hyperledger Sawtooth. Hyperledger Sawtooth has some unique advantages that lend itself to Vanig’s Supply Chain solution.
• Vanig uses permission-based “Blockchain Supply Chain”.
• Creates complete visibility and Track and Trace processes
in the Supply Chain.
• Smart contracts help speed up the process, eliminate manual
steps and intermediaries.
• Cashback process through blockchain.
• Provenance in the blockchain.
• Vanig’s AI & ML Algorithms to eliminate fake reviews.
Vanig is an e-commerce startup powered by the blockchain. Their aim is to create a platform that changes the way e-commerce works. From manufacturer to consumers, they can apply the power of the blockchain to make shopping an amazing experience for everyone involved. Vanig deal with the problem of the middleman. Vanig can effectively reduce the number of middlemen, resulting in the product becoming cheaper for you, and lucrative for the seller.
VI. How difference between Vanig and the others
The Vanig Features
VII. Token information
Vanig tokens will be used to make real-time money transactions and money transfers possible, something which is not possible today at any major e-commerce player. Sellers and buyers will also be able to earn VANIG tokens for listing, buying, performing various activities on the platform. People can purchase VANIG tokens during the Pre-sale or main token sale and help create the e-commerce platform of the future.
Token VANIG
Price 1 VANIG = 0.25 USD
Bonus Available
MVP/Prototype Available
Platform Ethereum
Accepting ETH, BTC, LTC, USD
Minimum investment 0.1 ETH
Soft cap 2,000,000 USD
Hard cap 20,000,000 USD
Whitelist/KYC KYC
Restricted areas USA
Token Distribution and Funds Allocation
VIII. The Vanig Roadmap
MAR 2017: Vanig concept is born
MAY 2017: Core team was formed, Business process and Technology solution framework created
JUN 2017: E-commerce Development kicked off
DEC 2017: Build Smart Contract and Blockchain components
FEB 2018: Integration between e-commerce and Blockchain
JUN 2018: VANIG Token Generation Event
SEP 2018: Launch e-commerce Alpha Version ecosystem - Open up registration for Vanig team & community
DEC 2018: Mobile App Launch and On-board up to 1000 Supply Chain Asia Manufacturers/Sellers to Ecosystem
MAR 2019: Pilot Vanig e-commerce to Asia - Philippines & Malaysia Consumers for Health, Home & Beauty Categories
JUN 2019: Expand categories to Apparels, Electronics & Toys; On-board 5000 Sellers to ecosystem
SEP 2019: Launch Vanig to Vietnam; Vanig 2.0 Product release
MAR 2020: Launch of Singapore 10,000 Sellers to Ecosystem
SEP 2020: HongKong Launch, Vanig 3.0 Product release
MAR 2021: Vanig Launch in Indonesia
SEP 2021: India Launch
MAR 2022: On-board 25,000 Sellers to Ecosystem
MAR 2024: On-board 100,000 Sellers followed by rest of world subsequent roll out's - US, UK, Germany, France, South Korea, Canada, Russia, Brazil & Japan
IX. Meet up the Vanig team
The Vanig team is what it is because of a terrific executive team and advisors. Vanig to assemble a team of individuals with diverse technical, retail, e-commerce, and blockchain expertise.
The founders are Prem Sekaran and Vinodh Kumar to the executive team, Vanig is on fire and has attracted top name international advisors and technology experts who have been on-boarded to help make Vanig a huge success.
Prem is IT leader, entrepreneur, developer and proven project manager with over 14 years of experience in retail and e-commerce. He is passionate about the power of software solutions coupled with blockchain, automation, A.I. and process efficiency. He strongly believes that blockchain will forever change how e-commerce and logistics business is being done today.
Prem has been instrumental in growing Vanig’s global team of advisors. His leadership and hands on approach to teamwork is creating a vibrant and creative corporate culture at Vanig.
Vinod is a visionary, high performing, results-oriented entrepreneur and an executive leader. Through all his endeavors, his skillful leadership and project management talents inspire high performance, trust and loyalty among cross-functioning teams all around the globe. Driving results for more than ten years in IT and retail, his track record is full of successes. Vinod has worked among the world’s top retail brands and in the banking Industry.
Vinod thrives in a fast-paced business environment where he harnesses the power of teamwork and agility to drive technologists to new levels of engagement and productivity.
X. ICO Listing information
Because of all advantages above, Vanig has recently been reviewed by multiple ICO rating and review websites and the reviews have been overwhelmingly positive.
CONCLUSION
Althought Vanig has to compete with e-commerce giants who have access to large capital like Amazon, Alibaba, Vanig has its own many strength: lower fees and commissions; integration of the blockchain innovation allowing for cryptocurrency payments and supply chain benefits due to raw material and manufacturing tracking. Moreover, I think investing in a new company will bring to you a greater chain to earn money than many-year ones. Therefore Vanig absolutely have a great chance to be successful and become a famous e-commerce company like other strong giants in market.
Today, integrating e-commerce into the supply chain is no longer a strange thing. But integrating them into blockchain technology is not something anyone can do. I find the project idea quite bold and highly breakthrough. Hopefully with a team of experienced in the field of e-commerce, blockchain technology,... and their technological solutions. I believe they will accomplish the goals they set out to realize the idea in the project. In my opinion, I will evaluate this project 9 points on a 10 scale. If you have opinion, leave below the comment section.
Usefull link
Website: https://vanig.io/
White paper: https://vanig.io/latest-whitepaper
ANN: https://bitcointalk.org/index.php?topic=3252952
Telegram: https://t.me/vanigplatform
Medium: https://medium.com/vanigplatform
Twitter: https://twitter.com/VanigPlatform
Facebook: https://www.facebook.com/vanigplatform/
Reddit: https://www.reddit.com/r/VanigPlatform
Linkedin: https://www.linkedin.com/company/vanigllc
Github: https://github.com/VanigPro/
Written by:
Bitcointalk username: tunglong
Bitcointalk user profile: https://bitcointalk.org/index.php?action=profile;u=1939503