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Blockchain The Future Of Online Marketplace

Blockchain technology, initially considered as a finance-centric technology, has now spanned its reach in almost all domains where trust, security and traceability remain a major concern. <br>The rule-based intelligence of blockchain has the potential to completely transform digital marketplace where transactions can be seamlessly completed with the help of smart contracts.

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Blockchain The Future Of Online Marketplace

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  1. BlockchainThe Future Of Online Marketplace

  2. Contents About Us Blockchain Marketplace Flowchart Features Cygnet’s Success Story

  3. About Us 11 Locations from where we engage with global clients UK GERMANY 2000+ Enterprise-class solutions & products delivered USA Founded in 2000 DUBAI INDIA Serving in 35 Countries SOUTH AFRICA AUSTRALIA 750+ Clients Worldwide OUR VALUES Speed Integrity Entrepreneurial Spirit Team Work Mutual Respect Trusteeship 1000+ Employees Worldwide QUALITY &COMPLIANCE TECHNOLOGYPARTNERS

  4. What is the Blockchain Marketplace? Blockchain Marketplace directly connects Customers and Sellers. It has a decentralized ledger that verifies the contract between two parties. Producers, sellers, and customers can sell and buy products transparently.

  5. Blockchain Marketplace Flowchart

  6. Features of Blockchain Marketplace • Decentralized Hosting • Easy Shipping • Producers don’t have to pay while placing the products on the marketplace. Transaction of money takes place only when the product is purchased. Sellers can offer any product and can promote it. The Marketplace is hosted by its users and supported by their computing capability. It ensures continuous availability of the marketplace.

  7. Features of Blockchain Marketplace • Secured Environment • Smart Contracts Blockchain marketplace has time-stamped verification at every stage of a transaction. This keeps the transactions safe by tracing them and prevent any type of manipulation. • They are digital contracts that are tamper and • fraud-free. They keep the transactions transparent. • To know more about smart contracts: • Click Here

  8. Cygnet’s Success Story

  9. Podcasters and Advertisers Marketplace • Client approached Cygnet to enable them to disrupt the podcast industry by having a unique online marketplace for podcasters and advertisers with campaign management. They wanted to develop a global blockchain based electronic marketplace focused on providing transparent bidding and campaign execution for the entertainment industry. COUNTRY: USA DOMAIN: Media and Entertainment SUPPORTED PLATFORMS: • Ethereum, Node.js, Angular, • HTML 5, Micro Service, Architecture, MySQL, Jira Bitbucket, Agile , Business Challenges • 120 days payment cycle & transaction cost • Offline facilitation of podcasters & advertisers • No value addition to podcasters & advertisers • Knowledge management on excel sheets • Insignificant Podcast analytics Business Goals • Registration of podcasters, advertisers, ad-agencies & network administrators • Podcasts announcements & agreements through Smart Contracts • Campaign management through Smart Contracts • Wallet management • Commission & payments management through Smart Contracts • Recommendations based on Natural Language Processing BENEFITS • Our client company is now able to attract and promote more podcasters. • The marketplace enabled smart work and helped to boost productivity. • Decentralization and smart contracts reduced the existing 120 days payment cycle to 45 days. • Smart Contracts eliminated paperwork and excel sheets. • Minimum steps to sell the advertisement timeslots. • Marketplace is empowering to locate relevant advertisers based on the podcast category, thus eliminating junk.

  10. Blockchain is a game-changer for the online marketplace. It will become mainstream in a short period of time as it offers additional features to customers. Cygnet can help you explore Blockchain in detail.

  11. Technology First People Quality Adaptable & Flexible in order to serve customers irrespective of their domain Teams with strong understanding of ethos & culture, fully capable of mitigating risk Progressive Testing Rapid Productization The CygnetAdvantage Proven track record of meeting best-in-class quality standard with in-house testing product ‘Testing Whiz’ Partnering with you at each engagement level, right from ideation to UAT 100% Agile Scalable Architecture More aligned, higher autonomy to deliver high quality enterprise applications Engineering for the future, today

  12. Cygnet Values Entrepreneurial Spirit Team Work Speed Integrity Trusteeship Mutual Respect

  13. Contact Us USA OFFICE INDIA OFFICE Cygnet Infotech LLC. 125 Village Boulevard, Suite 315, Princeton, NJ 08540 Cygnet Infotech Pvt. Ltd. 16-Swastik Society, Nr. AMCO Bank, Stadium Circle, Navrangpura, Ahmedabad 380009 UK GERMANY USA +1-609-245-0971 +91-79-67124000 DUBAI INDIA DUBAI OFFICE UK OFFICE Cygnet Fintech Software Unit 807, Ubora Tower 2, Business Bay, Dubai, UAE, PO Box No.: 418360 Cygnet Infotech Limited Devonshire House,60 Goswell Road, London, United Kingdom EC1M 7AD SOUTH AFRICA AUSTRALIA +971 52 830 5127 +44-20-8099-1653 INDIA (PUNE) +91-6359650113 INDIA (BENGALURU) +91-9986216516 INDIA (MUMBAI) +91-7433970638 INDIA (NOIDA) +91-12-04164954 SOUTH AFRICA +27 (0) 21 3002981 AUSTRALIA +61-280-147-206 UK +44-20-8099-1653 GERMANY +49-3222-1090-129 www.cygnet-infotech.com inquiry@cygnetinfotech.com

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