Good Project: Vanig

Introduction

E-commerce is a global activity amounting to trillions of dollars' worth of trade. Middle class

spending will triple by 2030; the sharing economy could top $ 300 billion by 2025; more than

1.4 billion people purchased online product or service in 2017; the gross total value of B2B

e-commerce topped $ 20 trillion the same year. We are addressing a global market with

potential outreach to emerging and established economies.

E-commerce is quickly taking over in emerging markets and it's predicted that this year the

majority of large emerging markets will have more online buyers than offline. The message is

clear: e-commerce becomes the new channel in both developed and emerging markets.

Despite the remarkable growth, the global e-commerce industry is still typified by two large

and interrelated problems - supply chain inefficiencies and e-commerce shortcomings. We are

aim to solve these problems with Vanig.

The Vanig Solution

Vanig Ecosystem - Illustration

The Vanig solution uses blockchain technology to offer the world's first integrated

e-commerce platform with supply chain. The integration of e-commerce and supply chain

makes Vanig unique. We target the inefficiencies of modern e-commerce and supply chains

and will utilize the contracts and the reputable ledger of a blockchain. At its core, we have

a proven blockchain technology that has been developed by the world's largest blockchain

technology consortium, Hyperledger.

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.

Vanig Process Flow

Consumer places an order using the Vanig Website or Vanig Mobile App.

Smart contract # 1 gets written automatically and captures the details of the order betweenthe consumer and Vanig is stored in Vanig's blockchain ecosystem.

Manufacturer / retailer ships the product from their location which triggers another Smart contract # 2 between the manufacturer and its distribution agent.

Distribution agent picks up the order from manufacturer and delivers it to the consumer.

Delivery acknowledgment from the Consumer will trigger another Smart contract # 3

between the distribution agent and the consumer.

Finally, Smart contract # 4 is created to capture the transaction ledger between the

wholesaler and the manufacturer

Timeline for Bounty is:

Week 1: APR-28 MEI-04 Last Date To Post Report: May 8, 2018

Week 2: May-May 5 -11 Date Last For Posts Report: May 15, 2018

Week 3: May-May 12 -18 Date Last For Posts Report: May 22, 2018

Week 4: May-May 19-25 Date Last For Posts Report: May 29, 2018

Week 5: May-26 June-1 Date Last For Posts Report: June 5, 2018

Week 6: Jun-2 Jun-8 Last Post For Report: June 12, 2018