One of the most time-consuming parts for online retailers is keeping inventory current and up to date. This is especially challenging when items are listed on different marketplaces. When an item is listed for sale on several sites and is then purchased on one, the vendor must update the listing on every site individually. If there is an error in this process or somebody drops the ball, the retailer may double-sell the item, leading to unhappy customers, unflattering reviews, and frustrated vendors. Spl.yt solves these problems by seamlessly and securely connecting inventory records and transactions across all marketplaces. So as soon as an item is purchased on one market, it is delisted from all the others. No more checking and updating multiple listings manually.When many websites and marketplaces work together through Spl.yt, they can focus on competing on what matters most to customers — like shipping costs/delivery speed, support, niche expertise, etc. Further, independent sellers will love these features as well. For example, when Amazon, eBay, and textbooks.com are all on Spl.yt, a student selling their old textbooks can list to one website and the Spl.yt protocol will take care of the rest to make sure the listing is in front of every potential buyer. Everyone saves time, energy and money with Spl.yt!
Every marketplace worries about the threat of fraud and dissatisfied customers. They know how fake listings can scare away customers and cause unnecessary disputes, all while distracting from their quality products. Fake web-crawler/bot hits are notorious for running up click-through marketing commissions. And a hack or failure of centralized marketplaces can lose sellers’ revenue and customer respect.
Spl.yt counters these issues with token economics, decentralization, and smart contract security. In the Spl.yt ecosystem, customers and sellers can easily settle disputes through our Dispute Resolution Protocol, which ensures any complaint is painlessly and fairly resolved. Token rewards entice anyone to police spam from the comfort of their own home. And because decentralized smart contracts are always running, sellers can know commissions are only paid when due and only quality products are listed — all without downtime. Every existing marketplace will enjoy an upgrade with Spl.yt.
We are only limited by our imaginations for what is possible in Spl.yt-powered e-commerce world. Join us as we change the way people shop online. Learn how today at
https://www.spl.yt/