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Topic: [ANN][BOUNTY][AIRDROP FOR HOLDERS] BCShop.io - a marketplace on smart-contracts - page 67. (Read 31763 times)

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In  case  of  automated  delivery,  payments  are  tracked with  the  help  of BCShopApp application running  on vendors end. The  application keeps  record  and  performs delivery of the product in accordance with a set algorithm. See chapter BCShopApp for more details. 
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If  a  vendor performs  delivery,  they  choose a delivery  method by  themselves and deliver paid product to the delivery address entered during the payment.
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A vendor can use the website for tracking basic information about products and for monitoring the course of the sales. The following features are available through the website:
1.Output  of  the  information  about the  products  connected  to  the Vendor Contract.
2.Review of data on every product.
3.Editing product data (price, quantity, sale period, etc.)
4.Removing products from sale.
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If  a  payment  does  not  match  any  of  the  DPS  contract conditions,  it  is  automatically returned to the sender`s address.
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A  buyer  pays  for  DPS  by  transferring the necessary  amount  of  ETH  to  the  DPS contract. Received payment is processed according to the contract conditions. If the payment amount is correct, the DPS is not sold out, and other checks are successful, the payment is then divided into two parts:
1.Profit – is deposited to the vendor`s wallet that is connected to the Vendor Contract.
2.Transaction fee – is deposited   to   a smart   contract   for   commission aggregation. See BCS Token and Business Model for more information about commission aggregation and istribution.
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An unlimited number of DPS can be registered with one Vendor Contract.
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After registration DPS data is deployed on blockchain and DPS is ready for purchase.
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Registration  of  digital products and  services (DPS) for sale is done with the help of our  website bcshop.io.  To  do  this  a  vendor needs  to  provide  their Vendor Contract and fill in a few blank fields describing the DPS (see Creating a DPS offer). As a result of the  registration  the  seller  gets  the  address  of  registered  DPS  smart  contract (further DPS contract) which
buyers will use for payments.
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A vendor who wants to use our service first should complete registration which will result  in  receiving  an  address  of  their  personal  smart  contract  (further Vendor Contract). During the registration, a vendor needs to only fill in one necessary blank field: the Ethereum  wallet  address  which  will  receive  the  payment  for  delivered products or services. Additionally, the vendor can fill in the field: Vendor Name (not required).
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To do this a vendor just fills in the blank fields related to their business, they do not  need  to  have  any  specific  technical  knowledge.  The  result  of  creating  a smart contract is the  address of  this  smart contract. Created smart contracts are  signed  with  a  vendor`s private  key  and  are  stored on the Ethereum blockchain.
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Vendors create smart contracts with the help of our website  bcshop.io.
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Payment within  the  BCShop.io  service  means  transferring  Ethereum cryptocurrency for digital product or service (DPS) to the smart contact defining the conditions of sale/providing this DPS.
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So, when viewing information about a product or a vendor, the customer sees a true-life experience of other customers dealing with this product/vendor.
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BCShop.io has a built-in system for rating each product, and it automatically creates a  summary  rate  for  the  vendor,  based  on  all  the products  offered  by  the  vendor. Rating mechanisms are integrated into the smart contract, which guarantees for data authenticity, and it eliminates the possibility of commonly used fraud ratings.
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Ideally only customers who have really purchased a product should have the opportunity to rate it. Smart contracts make implementation of such features possible on the essential level.
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Quite often customers do not have an opportunity to rate products purchased or view other customers` product ratings and sellers` performance. Sometimes this problem is solved with the help of third-party services, or vendors themselves install extra features. None of these approaches guarantee authenticity of the data seen by the customer.
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Moreover, upon request, BCShop.io implements integration with external, out-of￾blockchain world for interrelation with other sale channels, and for implementing other required features for its vendors.
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BCShop.io offers its users the chance to keep up with the times, broaden the range of potential customers with cryptocurrency holders. Our service is not a just another
payment gate, but a fully-featured solution for the future economy based on blockchain.
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We can almost say that the number of users is growing exponentially, meaning: extremely fast! However, most of vendors are just starting to learn the opportunities of cryptocurrency payments integration.
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And the whole process of sale is done on blockchain, without any need for vendors to have their own server! The ability of fractional (not per-item) sale is worth mentioning too: in
this case the amount of product is defined by the payment amount. This approach is convenient in many niches, for example, selling premium game currency.
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