- Jul 19, 2019
- 21
- 3
According to the report from the World Economic Forum, 10% of global GDP will be stored via blockchain by 2027. Right now, the most extensive application of blockchain is in transactions. Decentralization is the strongest feature of blockchain, which can also be referred to as disintermediation. Such trait is perfect for building a shopping platform.
VDS is about to develop Blockchain Business Contracts through smart contracts, which will speed up the implementation of blockchain commercial applications, create more directions and possibilities for the development of blockchain, and open the door to a new world.
The design to combine VDS Blockchain Business Contracts with the Trust Stamp System through smart contracts makes it easier for merchants to form their own sales network. The Trust Stamp System is composed of numerous interpersonal networks of VID. VID is the only badge in the VDS ecosystem. Each VID is capable of creating its own Trust Stamp System and each Trust Stamp System is a multi-level interpersonal pyramid. The system uses blockchain technology to distribute benefits in multi-level interpersonal relationships, and takes advantage of the decentralized and unalterable traits of blockchain to establish trust mechanism.
Blockchain Business Contracts are the unique smart contract system within VDS. Suppliers can register their receiving address for payment on the VDS Chain, set smart contract commission ratios, and active blockchain business contracts. Through these smart contracts, merchants register their own receiving address under their Trust Stamp System and set distribution ratios on smart contract commissions in one step, creating their very own blockchain sales network. VID users in the Trust Stamp Network make purchase through merchants that have activated a blockchain business contract, then the 12 directly-connected VIDs above this VID in the Trust Stamp System can all receive the merchant’s Blockchain Business Contract commission.
This design allows each consumer to become a salesperson, because whenever consumer shares products with the VID under his Trust Stamp System, he will obtain a corresponding proportion of commission if a certain VID makes a purchase. Merchants can easily get a large sales team worldwide while consumers reap their benefits, which is a win-win for both merchants and consumers. Because of the connection between Blochchain Business Contracts and the Trust Stamp System, various sales promotion can be carried out, the application scope of Blockchain Business Contracts is actually more extensive. Not only physical goods, virtual products can also be purchased. Moreover, since it is executed by smart contract, the amount details and promotion methods can be traced in a clear record, which makes it easy to buy virtual products and establish trust mechanism. The existing large-scale shopping platforms can also integrate Blockchain Business Contracts through VDS’s smart contract development system and use it as a blockchain payment system. New breakthroughs will be made on the way to future business forefront through the sales promotion mechanism of the Blockchain Business Contracts.
VAD is a completely decentralized ad-bidding broadcast system in VDS ecosystem that further expands the publicity of information and helps attract consumers. In VDS, the Trust Stamp System, Blockchain Business Contracts and ad-bidding broadcast system constitute an integrated decentralized business ecosystem. The trust mechanism is built on blockchain, benefits are distributed on the chain through the multi-level interpersonal relationships within the Trust Stamp system. In this way, each VID has the enthusiasm to promote, high-quality products get greater publicity, and consumers receive benefits through sharing. This is a disruptive decentralized business ecosystem, it designs new directions and ideas for the commercial application of blockchain in the future, and draws everyone a blueprint for a decentralized global business empire.
VDS is about to develop Blockchain Business Contracts through smart contracts, which will speed up the implementation of blockchain commercial applications, create more directions and possibilities for the development of blockchain, and open the door to a new world.
The design to combine VDS Blockchain Business Contracts with the Trust Stamp System through smart contracts makes it easier for merchants to form their own sales network. The Trust Stamp System is composed of numerous interpersonal networks of VID. VID is the only badge in the VDS ecosystem. Each VID is capable of creating its own Trust Stamp System and each Trust Stamp System is a multi-level interpersonal pyramid. The system uses blockchain technology to distribute benefits in multi-level interpersonal relationships, and takes advantage of the decentralized and unalterable traits of blockchain to establish trust mechanism.
Blockchain Business Contracts are the unique smart contract system within VDS. Suppliers can register their receiving address for payment on the VDS Chain, set smart contract commission ratios, and active blockchain business contracts. Through these smart contracts, merchants register their own receiving address under their Trust Stamp System and set distribution ratios on smart contract commissions in one step, creating their very own blockchain sales network. VID users in the Trust Stamp Network make purchase through merchants that have activated a blockchain business contract, then the 12 directly-connected VIDs above this VID in the Trust Stamp System can all receive the merchant’s Blockchain Business Contract commission.
This design allows each consumer to become a salesperson, because whenever consumer shares products with the VID under his Trust Stamp System, he will obtain a corresponding proportion of commission if a certain VID makes a purchase. Merchants can easily get a large sales team worldwide while consumers reap their benefits, which is a win-win for both merchants and consumers. Because of the connection between Blochchain Business Contracts and the Trust Stamp System, various sales promotion can be carried out, the application scope of Blockchain Business Contracts is actually more extensive. Not only physical goods, virtual products can also be purchased. Moreover, since it is executed by smart contract, the amount details and promotion methods can be traced in a clear record, which makes it easy to buy virtual products and establish trust mechanism. The existing large-scale shopping platforms can also integrate Blockchain Business Contracts through VDS’s smart contract development system and use it as a blockchain payment system. New breakthroughs will be made on the way to future business forefront through the sales promotion mechanism of the Blockchain Business Contracts.
VAD is a completely decentralized ad-bidding broadcast system in VDS ecosystem that further expands the publicity of information and helps attract consumers. In VDS, the Trust Stamp System, Blockchain Business Contracts and ad-bidding broadcast system constitute an integrated decentralized business ecosystem. The trust mechanism is built on blockchain, benefits are distributed on the chain through the multi-level interpersonal relationships within the Trust Stamp system. In this way, each VID has the enthusiasm to promote, high-quality products get greater publicity, and consumers receive benefits through sharing. This is a disruptive decentralized business ecosystem, it designs new directions and ideas for the commercial application of blockchain in the future, and draws everyone a blueprint for a decentralized global business empire.
