The EPAI project is set to disrupt and lead a new revolution in online e-commerce. The e-commerce industry was integral in driving mass utilisation of the Internet and it will be no different for the development of the blockchain. The major motive behind this project is that large networks of sellers are disappointed when selling products online on centralized marketplaces, due to the high commissions, strict guidelines and strong regulations. The vision of EPAI in E-commerce is to provide a platform that facilitates decentralized commerce that is free to use and sustainable in nature.
PROBLEM
SOLUTION
- EPAI BLOCKCHAIN AI SUPPORTED & AI SUPPORTED SEARCH FUNCTION
EPAI is an entirely new generation of crypto-currency which goes hand in hand with Blockchain & AI.Blockchain provides data security and transparency whereas AI provides a self-learning and enhanced module in the system.
EPAI supports enhanced search function module,which will be refined and an exact relevant search result will be received based on search query.
- NO BUYER & SELLER COMMISSION
EPAI comes with no commission, neither from buyer nor seller. As we have mentioned earlier that there will be no third party involved in this transactions so that no extra fees will be required, whatever Buyer sends the transaction amount, the seller will receive same.
- Advantages of Blockchain in Ecommerce
Cyberthreats, stifling competition, and ever changing user expectations are daily realities for every online retailer. For all but the largest sellers, the battle can not only become one of profitability, but survival. Ecommerce sites that are still standing in the years ahead will be those that adapted to these challenges early on — like now.
Although there is no shortage of ecommerce solutions on the market, blockchain technology is uniquely suited to solve many of the ills facing e-retailers. Let’s look at three of the greatest advantages blockchain offers the ecommerce industry, before we move on to see how these can be applied in real applications.
- Smart Contracts
Smart contracts represent the most popular add-on feature of any blockchain. Basically, a smart contract is a relatively small computer program that can be stored on a blockchain, and which can automate certain tasks according to preset rules.
- Security
Distributed ledger technology (DLT) offers the highest level of security available for online database platforms. Although there have been instances where vulnerabilities in smart contact coding resulted in fraud, there have been no verified breaches of a major blockchain backbone framework.
Since one data breach can cost an online retailer millions in revenue, and loss of future market share, blockchain offers a level of security that retailers cannot afford to do without.
- Integration With Business Processes
Blockchain is not limited to processing online payments. Part of the reason for the growth of DLT is its power to interface with new and existing systems. For the ecommerce vendor, this can mean tie-ins between the online store and a multitude of internal and external systems, processes, and partners.
By providing a shared ledger that serves the company, the online store, and external entities, a wealth of opportunities becomes available for the vendor that are only possible with blockchain.
- Cost Reduction
Cost reduction has become a buzzword for selling just about everything from software to socks, but blockchain delivers on this promise.
The ability to combine payment processing, inventory management, product images and descriptions, with other business processes means fewer systems to maintain, less need for IT support staff, and fewer administrative tasks to be performed.
Maintaining even a small online store is a 24/7/365 job. The power of blockchain enables online vendors to spend more time running their business and less time running their online store.
- Smart Contracts
Smart contracts represent the most popular add-on feature of any blockchain. Basically, a smart contract is a relatively small computer program that can be stored on a blockchain, and which can automate certain tasks according to preset rules.
- Inventory Control
One application that can use smart contracts is inventory control. By incorporating smart contracts into the blockchain, not only can inventory items be decremented from inventory as with some standard shopping carts, but replacement stock can be ordered when pre-defined thresholds are reached. - Product Description Database
Making product descriptions and related images available to customers is a time-consuming and costly part of running an online store. Blockchain technology allows this information to be efficiently shared between suppliers, your online store, and with content creators.
- Loyalty Rewards Software
Again, thanks to the power and versatility of smart contracts, customer loyalty reward programs can be totally automated within a blockchain. Since records of every purchase are stored in the chain, it is easy to have a smart contract offer a discount, or to issue reward points to customers as they surpass certain spending thresholds.
- Supply Chain Tracking
An online store can live or die depending on the reliability of its supply chain. Not only does the store operator need to know what stock is in the pipeline and when it will arrive, but it is also crucial for them to make sure vendors are supplying the exact products ordered. The problem of fraud in the supply chain can result in inferior products being delivered, or even those with safety-related issues.
HEART OF THE DECENTRALISED : PAYMENT ECOSYSTEM & PAYMENT GATEWAY
EPAI Payment Artificial intelligence (AI) and blockchain have quite rightly been two of the dominating topics of conversation in the world of fintech for a number of years, and noise surrounding both technologies is not going to die down any time soon.
That is because the promise each offers is more than substantial enough to justify the hype. Financial services are currently undergoing a seismic period of innovation, and it is a well-held belief that AI and blockchain will be two cornerstones of fintech in the future.
EPAI – FULL TRADING ECOSYSTEM
EPAI - TRADE aims to facilitate trading decisions through applied natural-language processing, sentiment analysis and machine learning algorithms. Built as a micro services based distributed architecture, its primary function is to analyse large volumes of data and provide clear trading indicators to the client in realtime.
EPAI - TRADE is a global cryptocurrency ecosystem and a suite of services that allows token holders to trade their crypto assets with confdence and make smarter investments through harnessing the wisdom of the smart crowd.
Our goal is to lower the barriers to entry into crypto investment markets by providing tools that make crypto trading opportunities accessible to professional and mainstream users.
The idea behind this project is very clear and simple: to create a holistic ecosystem that will contain all the necessary tools for users with any level of experience and knowledge in the field of cryptocurrencies.
EPAI – TOKEN
TOKEN DETAILS: Platform: Ethereum.
Token Standard: ERC20
Token Symbol: EPAI
Token Decimals: 18
Bonus: Available
Total Supply: 29,000,000
Minimum investment: $100
Accepting ETH, BTC
EPAI FOUNDATION
Distribution of Token Total Token: 29,000,000
Pre Sale: 9,000,000
Main Sale: 10,000,000
Bounty, Airdrop: 1,000,000
Management + Legal: 1,450,000
Development: 5,800,000
Distribution of Funds Advertising, Marketing and Promotions: 25 %
Technical, Infrastructure, Support & Staff: 25 %
Business Development and Operations: 20 %
Team Incentives, Legal Advisors: 10 %
Listing on Other Exchanges: 10 %
Research, Data Science, Scalable Architecture: 10 %
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