NEW YORK, Nov. 20, 2018 /PRNewswire-PRWeb/ -- Mass adoption - the holy grail for any new idea, and something that has thus far eluded cryptocurrencies and blockchain technology. But that may be changing soon as the much-anticipated BlockCommerce.io platform finally enters the fray. There have been rumors and rumblings for over a year of a major ecommerce player entering the cryptocurrency in a big way, and BlockCommerce certainly appears to be making good on the hopes many enthusiasts have long held.
With over $3billion in GMV accrued by over 100,000 ecommerce sellers, and $31million+ in digital product sales, this will be a very interesting addition to the cryptocurrency space. BlockCommerce.io is also doing something unique - instead of just promising decentralization as a 'buzz word', they are actually delivering it in the most obvious way possible - through decentralization of all revenue that passes through the platform.
It is important to first note that Block Commerce isn't yet another crypto-startup ICO with nothing more than an idea and a pretty site. It is instead founded by an established e-retailing and e-commerce team with over $3 billion GMV in eCommerce Sales across 100,000+ retailers and over 5 years of successful business history.
But that's not all that sets it apart from the typical offering. BlockCommerce has chosen to go a very different route compared to other ICOs that often end up in failure:
For one, BlockCommerce.io has a clearly defined use case for their token and their currency. By creating a unified ecommerce ecosystem, all the transactions from manufacturer all the way to the end consumer happen seamlessly. This massively reduces costs for the average retailer and has resulted in tremendous interest by thousands of mid and large volume retailers currently dealing with high fees.
The company already has partnerships and access to existing user bases, including retailers, digital product owners, affiliate marketers, and dropshippers totaling to over a million potential customers.
The standard speculative token today lives and dies on market's whims and offers no real value to the holder. BlockCommerce tokens on the other hand provide ongoing consistent revenue distribution to token holders via rev share on every transaction that occurs on the platform.
Instead of wasteful and unnecessary PR campaigns, the company is focusing on strategic partners for cross border commerce. This begins with a 4 week roadshow in Asia focusing on Hong Kong, South Korea, Japan, and related territories.
In addition to this, BlockCommerce.io is the first ecommerce channel that creates a Fiat to Crypto bridge allowing the masses to easily participate and even provides incentives for purchases over the blockchain. Instead of creating yet another offering for the limited cryptocurrency market, BlockCommerce supports multiple fiat channels for their retailers while still tokenizing their own revenues to allow adoption of cryptocurrencies over time.
David Drake, of the famed LDJ Cayman Fund, cited these factors in his decision to make BlockCommerce his exclusive advisory focus: "We look forward to partnering with BlockCommerce. The business model they bring to the blockchain and cryptocurrency industry is desperately needed. BlockCommerce is precisely the kind of project that will have a large positive impact on the cryptocurrency marketplace, and the decentralized ecosystem as a whole."
Bill Papacharalampous Chief Executive Officer, of Blockcommerce.io noted that one of the chief concerns for the company has been investor protection and stated "What is truly unique about Blockcommerce is the combination of fiat and crypto support and decentralization of revenues through our tokens. We simply offer a token that acts as a real equity and provides direct revenue distribution from all the transactions inside our company and this way it keeps our token holders secured even if crypto markets are down. You're profiting from FIAT world and building the Crypto world using our unique RevShare model."
Earning via rev-share does not require any additional purchases or participation on the ecommerce platform.
If BlockCommerce can achieve even half of what they claim (and their track record shows they are more than capable of doing so), the next big wave of mass adoption in this space is just around the corner.
Truly decentralized ecommerce, with a truly decentralized profit distribution model is exactly what has been promised by the blockchain industry, and with BlockCommerce, it appears to be finally here.
Block Commerce Online:
Visit online at https://blockcommerce.io/
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SOURCE Blockccommerce
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