Gemstra is the blockchain project which is evacuating every one of the requirements of social selling and making social selling progressively open to retailers and sellers.
Social selling is a procedure of sellers are getting compensated for advancing brands by means of their social network.Here, Gemstra is a blockchain incorporated biological community. It will free and democratizes social offering for the overall retail economy.
HOW GEMSTRA WILL FUNCTION?
Gemstra gives wallet to each merchant, dealer and brand. Along these lines, the transaction can happen promptly by means of wallet to wallet. Likewise brand will choose the custom commission for the shipper. Sellers have opportunity to choose the merchants dependent on the brand they are banded together with.
MISSION OF GEMSTRA
Gemstra's main goal is to make social selling available and marvelous for everybody. Social selling, generally called as " direct selling" , uses multi – level selling models that rewards individuals for affecting deals through elevating brands to their social system. Social selling is a substantial and developing industry, yet it is incredibly hostage and for the most part inaccessible to the more extensive retail market.
BOUNDARIES TO GEMSTRA
Despite the fact that Gemstra is progressively valuable blockchain project, it has a few issues like entry barriers etc. Some of them are as per the following. The business is walled off by few organizations that have an excess of intensity. The social selling process is overwhelmed by few major players and these players are making it troublesome for new merchants to join along these lines making the passage hindrance. Sellers are likewise don't get the merited benefit for their diligent work from such merchants. Sellers additionally face issues while changing the merchants or brands as the community framed by such sellers is lost once they change to other brand.
Next issue is wasteful market cornered by Monoliths. Hindrances to entry are high, constraining new merchants from entering the space. Costly and fragmented systems are required to oversee commissions, rewards, bookkeeping, customer administration, back office activities are constraining the quantity of new merchants. The absence of market contestants further diminishes sellers alternatives and openings, enabling occupant stone monuments to corner the developing business. Merchants in social selling can frequently pull off overpricing products, yielding a wasteful market for sellers. Sellers are not ready to finish with the brands in the more extensive retail economy.
SOLUTIONS FOR ABOVE BARRIERS
In this way, the solution for this is, foundation of "BOUTIQUES". It gave solution to the sellers to choose the brands and products of their inclination. Around 3000 sellers and 8 brands are embraced to this platform. Henceforth it gives a knowledge to additionally build up the solution given by BOUTIQUES and accordingly create GEMSTRA . It depends on blockchain innovation empowers the seller to keep the information of customers and system information and brands and merchants can collaborate with one another. Subsequently, this platform enables the brands to integrate their list with multiple merchants over the platform.
TEAM:
Jay Cheng – CEO
Kevin Gambil – COO
Joseph Lau - Chief Revenue
Janelle Mitchell- Chief Finance
David Odere- Chief Technology
Rodrigo Lalama-Engineer
ADVISORS
James Kuo - President Epox International
Ivan Ramirez - Serial Entrepreneur
Connie Tang - President & CEO Princess House
Paul Sri - Blockchain Advisor
Steve Raack - Ex C.O.O. Of BeautyCounter
Ted Hong - Chief Marketing Officer
William Hsu - Co-Founder, Mucker Capital
Tudor Stomff - BountyHive CEO
For more information about the project, please visit:
Website: https://gemstra.com/
Whitepaper: https://docsend.com/view/xvyqq7a
Telegram: https://t.me/gemstra
Twitter: https://twitter.com/gemstraofficial
Medium: https://medium.com/gemstra
Bounty0x Username: Umuoji