Vanig: "Platform for all consumer and shopping ecosystem powered by blockchain"

eCommerce industry are now hitting all the market. Before you can see business only lies on common traditional aspect of it like supply and demand, usual manpower, middle man, customer, and potential clients. But since eCommerce introduced, the simplification of the point-of-sales system are now even better. The advantage of it over traditional business lies on the start up low costs offer and also lower credit payments. Do you know Paypal? one of the eCommerce that very well employed by many people cause of the convenient option they started. This markups changed when cryptocurrency entered the market. Why? the growing trend of market retailers are now finding quick and smooth ecosystem whereas they will have a lower costs payment for any services. This is where the blockchain can give them advantage over traditional one. Many consumer and online retailers are now using cryptocurrency as payment but still with fear of potential secuity due to its decentralization approach but nevertheless it improving as time goes by. The truth is many people now are shifting their target market and wider the horizon of possibilities to cryptocurrency users. I will discuss this project that will offer a great deal for online retailers and consumer field that utilize blockhain with many benefits to enjoy with.

What is Vanig project?

Vanig is a newly introduced eCommerce startup project empowered by blockchain, lead by their two co founders Prem Sekaran (https://www.linkedin.com/in/prem-sekaran-3a6692158) and Vinod Kumar
(https://www.linkedin.com/in/vinodh-kr-5a7212158/). This project is focus on creating a platform that take advantage of blockchain system that will benefit the consumers and manufacturers industry.

There's a lot of players who launch their platform with the same concept and in this type of industry but the question relies on what do they have and what they can offer the markets? I will discuss two of my favorite eCommerce that employs blockchain to online retail and consumer business.

Have you heard of Ins ecosystem and Retainly? They are both ecommerce business on retail and manufacturing industry. They gain tractions of wide consumer and partners on the market and both employs ethereum smart contract to gain liquidity to their platforms with the use of erc20 tokens as reward. Especially retainly with dozen of partnership world wide with addition of their loyalty program makes their business well known. Id love both of them but when I heard and research about Vanig project. I'm amazed with the concept and additional feature they can offer the market.

The primary goal of Vanig is almost identical with the two projects mentioned above, to build a platform that take advantages of the blockchain with the increasing problem on the business due to many supply of chains and third party resulting to more costly product on the market. Vanig wants to remove middle party on the picture resulting in the product becomes more cheaper and happy buyers can enjoy this.

To make this possible, they will add additional technology called Hyperledger Sawtooth. This technology will gain advantage on their supply chain solution. From what I've understand about this tech, using this will gain easy acess on different private networks and smart contracts to advance transaction execution and confirmation on blockchain. Make parallel transactions as well to fast track block creation and validation. By this clogging on network transaction will be reduced if large block of volume simultaneously enter the Vanig.

For more detailed ecplanation you csn refer on their 44 pages Whitepaper. ( https://vanig.io/latest-whitepaper )

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