Spl.yt Core Foundation, a Science Blockchain-backed nonprofit operating out of Santa Monica CA, is an open-sourced smart contract-based e-commerce protocol that will support the foundation of a more efficient, transparent, and secure e-commerce system. Spl.yt will help buyers and sellers save time and money by removing middlemen functions and services through decentralizing the e-commerce stack. Spl.yt’s top smart contract capabilities include an automated global inventory system, fractional asset ownership and management, inter- marketplace reputation tracking, fair dispute resolution system, and automated affiliate marketing rewards. All of these features are powered by the blockchain, assuring anyone who buys or sells things online that they will have the most fair and efficient e-commerce experience possible. For more details, please visit
https://www.spl.yt/.
Spl.yt is the first smart contract-powered e-commerce protocol designed to automate points of friction in the e-commerce industry -- barriers that have allowed large centralized oligopolistic entities (like Amazon, Walmart, Alibaba, ebay, Walmart, and CJ Affiliate) to capture the legacy market. Spl.yt’s Alpha demo is available to test loading inventory onto its decentralized inventory system and to use its software tokens. A few other blockchain-based projects are developing platforms to address various issues plaguing today’s e-commerce regime, thereby validating the need for solutions, though their centralized business models and failure to contemplate decentralized governance over their products indicates they will never reach the same levels of success truly decentralized projects Bitcoin or Ethereum have. Without evidence of progress and a truly decentralized mission, we do not believe these new projects represent real competition, so Spl.yt’s real competitors are those listed above that reap a lion’s share of the rewards without adding value for buyers, sellers, and other marketplaces.
Spl.yt is a blockchain-powered “public social utility,” meaning anyone with an internet connection can use it at no cost besides the gas needed to secure the blockchain. The power of decentralized cryptocurrencies and smart contracts makes this possible because users themselves can define the growth of the system while directly reaping the benefit of their contributions. What’s more, Spl.yt is run by the Spl.yt Core Foundation, a non-profit designed to work itself out of existence, leaving a system that runs itself (similar to the internet) without any controller-middleman susceptible to bias or corruption.
Spl.yt’s smart contract protocol enables the formation of a global inventory and universalized reputation scores as well as the automation of such costly processes as dispute resolution and affiliate marketing management.At Spl.yt, our mission is to empower people with tools and awareness to achieve their goals while participating in a fair and secure e-commerce system. We do this by virtue of blockchain technology, which ensures accuracy and immutability of information and removes the need to rely on costly intermediary applications and services . Since all pertinent information is viewable by all parties on our decentralized blockchain, Spl.yt offers a level of transparency never before available on platforms for e-commerce.
We believe the biggest industry in the world should be owned and operated by people, not centralized corporations. Spl.yt will help buyers and sellers save time and money by removing middlemen functions and create better opportunities for e-commerce participants to achieve their dreams.