The CIS projects, which has recently entered into a partnership agreement with the Credits blockchain project team, has initiated the development of its MVP using the technological advantages of the Credits blockchain.
The CIS project is engaged in building a decentralized, blockchain-based e-commerce marketplace application, and is developing a new model aimed at offering “complete shopping protection, data security and minimal commission.” By resorting to blockchain-based e-commerce, consumers will be able to buy products that meet their specifications. The infrastructure will grant transparency in matters of buying products that contain healthy ingredients and will provide instant identification of the original manufacturer.
The main target audience of the CIS project are online shoppers, who are adept at browsing online marketplaces ins search of products. The project will be providing such users the instruments and transparency they need to make purchases in a verifiable and secure online environment.
The Credits blockchain will be used for building a fully transparent system for the CIS B2B ecosystem. Seller and Buyer verification will be conducted via the Credits blockchain while providing the original manufacturer’s identification and authenticity. The system will also allow identifying and excluding fake or counterfeit versions of original products.
All the parties involved will be able to conduct deals through the smart contracts of the Credits blockchain. The partnership agreement also foresees plans for developing a mechanism of the Atomicity of payment transactions in order to solve and prevent the problem of loss of funds.
The main components of the development process include the Front End with the Angular (UI), and the Backend with the Node Js, Java for smart contract development. The Database with an IPFS for storing large files and the Network for the Multi-Node Blockchain Network are also integral parts of the process.
The unique features offered by the project for the E-commerce industry include:
The use of blockchain technologies is a milestone advancement for the online trading industry, which is certain to fully revise the market’s business model and operational structures. The introduction of transparent solutions based on blockchain technologies will promote the trust of existing users and attract new participants, increase the flow of funds conducted through such online platforms, and increase the level of trust between the parties involved.
About Credits Blockchain Platform
Credits is an international company that was founded in 2017 and is located in the USA, Singapore and Russia. Credits offers public and private solutions to its clients in any field of business needs. The peculiarity of Credits is a high-speed decentralized blockchain platform that provides up to 1 million transactions per second with a confirmation time of a single transaction around 0.1 second and low fees around 0,001 USD. The platform is intended to develop standalone smart contracts and decentralized applications.
CIS has established itself as a leading name in providing exceptional technology solutions and services that always adhere to globally recognized standards and latest technology trends. Through their offerings, the company helps organizations attain their business objectives thus driving them to success. Some of CIS’s key services include application development, open-source development, mobile application development, business intelligence and analytics, business process management, cloud infrastructure implementation, front-end design and digital marketing.