The Libra Ecosystem is developing a first-of-its-kind e-commerce blockchain that will streamline all standard functions and operations of an e-commerce business, including financial services, identity management, security, device management, and supply chain management.
The Libra Ecosystem is being developed on the idea that blockchain can effectively solve almost all current challenges and problems of the e-commerce industry.
Both the users/businesses and investors will benefit from the Libra Ecosystem in numerous ways. So, if you are wondering why you should invest in the Libra Coin or join the platform as a partner/user, here are the benefits the Libra Ecosystem can offer you and your business.
Libra Ecosystem Benefits
1. Enhanced Operation Efficiency
Thanks to the blockchain’s decentralised model, e-commerce operations can be more efficient and hassle-free. The Libra Ecosystem makes use of blockchain smart contracts to streamline all the major tasks, including logistics, data management, payments, etc. in an e-commerce business. Since blockchain is immutable, data once recorded cannot be edited or altered.
2. Improved Transparent in E-commerce Supply Chain
By allowing various systems in e-commerce to integrate and be accessible in a decentralized manner, the Libra Ecosystem ensures transparency. At the same time, it enables customers to track the various details of a product, including their origin, ingredients, processing, etc. before buying.
3. Decentralised Database Management
All the data & records in a business will be managed in a decentralised blockchain, which will allow a store to have complete control of their data and give the ability to manage/access everything, including product details, photos, videos, reviews, etc. from one place.
4. Secure & Transparent Payment System
Another major benefit of the blockchain-based Libra E-commerce System is that payments are more secure and transparent than ever before. Since all the transactions, including payments, are automatically verified by blockchain nodes and stored in a shared, immutable ledger, e-commerce payments will be faster and more secure with the Libra Ecosystem.
At the same time, it will allow online stores to have access to more, advanced payment modes such as cryptocurrencies, crypto wallets, exchanges, and others.
5. Cost-effective and Fast Processing
Transactions on a blockchain are free of middlemen, unlike traditional transactions that involve a number of middlemen, each of which has their processing charges. Since there are no middlemen on the blockchain, e-commerce transactions can be more cost-effective and faster.
Also, since blockchain transactions are not dependent on centralised entities like banks or credit card companies, the processing time is low and security is higher.
6. Data Security
You may already know that all transactions in a blockchain must be verified by distributed, independent nodes. This is one of the best and most transparent ways to ensure the security of transactions without violating user privacy. Users on the Libra blockchain e-commerce platform can transact without revealing their true identities or having to share personal data with others.
All the e-commerce transactions, exchange of value, orders and other records are properly stored in a transparent, encrypted database that can be used to verify information at any time.
Conclusion
A blockchain-based e-commerce platform is a must to solve the security, cost and transparency issues of the e-commerce industry. The Libra Ecosystem presents a one-in-all solution that can effectively disrupt the e-commerce industry with the use of blockchain technology.
Crypto Payment is when a customer makes payments in cryptocurrencies by scanning QR codes or by sending cryptos directly to the wallet addresses.
Each transaction is recorded on the blockchain platform.
An average Ecommerce business processes more than a million transactions each hour.
There are a lot of solutions to facilitate the ecommerce sector, yet there is no such thing as potential enough as this budding technology, blockchain.For More: https://www.quora.com/How-can-blockchain-make-ecommerce-better/answer/James-Vspeer
The N2 ecosystem marks the evolution of how banking institutions can co-exist to cater to the customers’ monetary needs within a single platform.Embracing N2 platforms allows users to make payments with higher standards of securities, ease in transactions, convenient payment options, and faster settlements in a seamless manner.Explore More --> http://n2coin.io/
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Crypto trading is the buying & selling of bitcoins and altcoins, usually in a crypto exchange marketplace.
Crypto trading offers many benefits for the global economy, like lower transaction fees and protection against identity theft.
for more details, read our blog >> https://blog.nexfolio.info/10-golden-rules-of-crypto-trading/
Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), announced today that the Company, through its wholly-owned subsidiary Future FinTech (Hong Kong) Limited, entered into an equity acquisition frame agreement (the “Agreement”) with Joyrich Enterprises Limited (“Joyrich”) on March 26, 2020.
Pursuant to the Agreement, the Company plans to acquire no less than 51% equity interest of Nice Talent Asset Management Limited (“NTAM”), a legal entity organized under the laws of Hong Kong.
The Agreement is non-binding except for the “Confidentiality and Exclusivity” and “Applicable Law and Dispute Resolution” sections of the Agreement.Owned by Joyrich Enterprises Limited, Nice Talent Asset Management Limited was founded in 2018 and is licensed under the Securities and Futures Commission of Hong Kong (SFC) for carrying out regulated activities in “Advising on Securities” and “Asset Management”.
NTAM’s main services include asset management and investment advisory.
According to the Agreement, the Company will select qualified law firm and accounting firm to conduct formal due diligence on NTAM and then the parties will discuss and determine the final purchase price and definitive purchase agreement.“NTAM has a professional asset management team, a reliable partner network, mature market channels and customer resources,” said Mr. Shanchun Huang, Chief Executive Officer of Future FinTech.
“Completing this acquisition in Hong Kong will allow FTFT to quickly enter the field of modern boutique financial services and better provide asset management and investment consulting services for SMEs in Hong Kong, one of the financial centers in Asia.
