50 likes | 65 Views
Cygnet’s expert team analyzed the scope of work and developed online marketplace powered by blockchain that addresses all the aspects of the future world of ecommerce.<br>
E N D
I A Blockchain Based B2BPlatform forAnonymous Trading CygnetInfotech +1-609-245-0971 inquiry@cygnetinfotech.com www.cygnetinfotech.com
Decentralized Platform Allows trustless anonymous trading of branded and serial numbered productsbyvarious players across the globe ASelf-Regulated Community Built in escrow functionality and smart contracts ensures unbiased professional resolutionofconflicts betweentraders Advanced Verification Process KYC, KYB,and AML Process for identifying and verifying the identity oftraders Hassle-Free Payment A complete ecosystem that supports crypto- enabled tokens and escrow-based payment transactions ClientProfile Our client is a prominent service provider in the tech space, o"ering cutting-edge solutions using ground-breaking technologies such as blockchain, artificial intelligence and machinelearning, robotics and IoT, and AR/VR for several industries that include healthcare, retail and ecommerce, logistics, banking and insurance, and many more across the MiddleEast. BusinessScenario Our client identified major challenges in the way conventional B2B trading took place on a daily basis.Somecriticalconcernareaswere: Lack of trust, consistency, andtransparency Challenges in validating trustworthiness of thecounterparties Fabricatedreviews Loss of actual and potentialrevenues Lengthy and expensive dispute resolution Ine cient domestic and cross-border transactions According to Gartner, up to 15 of available reviews are paid forby the companies themselves, and over 20 of reviews at Yelp arefabricated. This means missing sales opportunities and overhead cost for B2Bvendors. Our client wanted to address the above-mentioned ine cienciesby using blockchain to end dependency on electronic data exchangeusing conventionaltechnologies.
Cygnet’sSolution KeyFeatures A decentralized trading platformwas designed to incorporate manymodules: Empowering decentralized interaction betweenbuyers and sellers Cygnet worked with the client’s team to support itsevolving decentralized solution strategies. Cygnet’s expert team analyzed the scope of workand developed online marketplace powered by blockchain that addresses all the aspects of the future world ofecommerce. Our blockchain based solution is the only ecosystemthat allows verified yet anonymous trading of variousproducts across the globe by various players (distributors, traders and resellers) with bank and insurance to hedge therisks. Decentralized escrow system and smart contractsallow trustless transactionamong the business community in the virtualspace. Dashboard Allows seller/buyer to review andapprove/bid for thegoods APIIntegrations For KYC/AML verification, bank, insurance,credit insurance, a seller/buyer ERP, and logisticscompany Conflict Management For rejecting cases of non- conformity, damaged goods or delay in ordershipment Banking & Credit Insurance To tokenizeyour financialguaranteesfor credittrading EscrowPayment To executesafe transactions protected by adecentralized escrow Reputation Management To ensure verified reviews based on previous deals and successrating Tokenization For trading with stable cryptocurrency Logistics Management To avail logistics services (inspection,shipping, escrow ofgoods) Third-PartyInvoicing For confidential trading backed byblockchain
ArchitectureDiagram Tools & Technology Seller Custodian TECHNOLOGY ASP.NETCore Hyper ledger Fabric Blockchain IBMStellar Bank Distributed Ledger Carrier DEV FRAMEWORK& ENVIRONMENT Microsoft Visual Studio 2017 Visual StudioCode Inspector Buyer PROGRAMMING LANGUAGE C# .Net Node.js Go HTML4 JQuery BusinessBenefits 46 improvement in supply chain visibilityand transparency 24%reduction in transaction costs Modernized multi-party purchasing and paymentprocess Enhanced verification process reduced risksof fraud ortheft Significant reduction in theoverall transactiontime DATABASE ENVIRONMENT & DESIGNSTRUCTURE SQL Server2017 N-TierArtchitecture Advanced security assurance Proof of product authenticity– verified by legitimate members onthe blockchain The marketplace encouraged more autonomoustrade engagements
AboutCygnet Founded in 2000, currently with oces across 6continents Cygnet Infotech is one of the most trusted names in the IT space delivering technology solutions to global clients across 29 countries. Born out of a vision to create software development company where quality, innovation and personalized services trump low cost, makeshift solution, Cygnet partners with itsclienttohelpthemtransformintohighperformancebusinesses. 900+Employees Delivered2000+ Projects Cygnet has deep industry and business process expertise, global resources and a proven track record in delivering innovative technology solutions. Cygnet can mobilize the right people, skills and technologies that improves business performance. ContactUs 18 Years of Experience Serving 250+clients in 35countries USOFFICE Cygnet Infotech LLC. 125 VillageBoulevard, Suite315, Princeton, NJ 08540 +1-609-245-0971 +1-609-533-8393 INDIA Cygnet Infotech Pvt. Ltd. 16-SwastikSociety, Nr. AMCO Bank, Stadium Circle, Navrangpura, Ahmedabad380009 +91-79-67124000 inquiry@cygnetinfotech.com DUBAI Cygnet Fintech Software Unit 807, Ubora Tower 2, Business Bay, Dubai, UAE, PO Box No.:418360 +971 52 8305127 95% Client Retention I I Copyright © 2019 Cygnet Infotech |www.cygnet-infotech.com