What is KartBlock Project?

Kartblock is the provider of underlying blockchain technology to 27avenue.com An eCommerce marketplace operating since 2013 in India and Singapore. 27Avenue has exponentially grown from a single category online store to a multi category online marketplace with a seller base of 3000 merchants and over 100 thousand SKU’s. The Business at it’s peak has done a GMV of 1 million USD and global presence with customer base in US, Canada, UK, Europe, Hong Kong, Singapore and Australia. 27Avenue has been a seller of unique line of products exclusively and with a large supplier base in China has added to the advantage. With global operations and cross border payments; a need is arises to create a robust backend solution that can give a wider spectrum of operational excellence.

Decentralized/Blockchain Ecosystem is the technology layer of Kart Block ecosystem. This layer will be powered by the Ethereum blockchain network and native tokens will be standard ERC20 tokens. This layer will handle and record the payments, transactions, smart contracts, data verification, etc. through Hyperledger. The Kart Block ecosystem at its core is a combination of e-commerce platform, digital wallet, and Tokenized reward mechanism. A simple yet powerful idea behind this ecosystem is directly rewarding the customers/users for their valuable contribution to the Kart Block platform, without the need for any middlemen. This reward will be in the form of a cryptocurrency (Kart Block Token).

KartBlock Features:
Blockchain paving the way for the future of e-commerce E-commerce has been crying for a mechanism which enables them to crosscheck the operations and validate the procedures involved in an online sale and transaction. A customer-centric mechanism encourages the growth of long-term relationships with users, which in turn creates recurring sales and profits.

It is the smart-contract feature of the Blockchain, which enables to legitimize the process and build credibility. Blockchain technology has already begun to change the face of the internet and online interaction. E-commerce in its current state is already wildly popular and successful. However, with advancements in technology must come continuous improvement and the elimination of barriers which only serve to reduce the value-experience for both merchants and consumers.

Through leveraging Blockchain technology, can give the e-commerce market the following benefits:

Elimination of middlemen that do not add value to a product or a service but only thrive on commissions; thus reducing transaction costs and boost user experience.
Increased transparency. Consumers and merchants will know how and where their money is flowing.
Rewards and incentives to the users of Kart block platform keeping them engaged and motivated through Kart Block Tokens.
Creating growth opportunities for the e-commerce industry by dialing down the razor sharp competition.
Creating a new dynamic in product advertisement and user engagement through clicks and referrals.
Unlocking the potential for other data-driven technology companies by providing clean and unaltered data.
Allowing merchants to run analytics on their audience-data which can help them to understand and engage with users more strategically.
How KartBlock Works?
DApp

DApp is an abbreviated term for Decentralized Application. A decentralized application has its backend code running on a decentralized peer-to- peer network. This gives DApps substantial advantage over the applications where backend code runs on centralized servers. The decentralized applications have front-end code similar to any other application where the interface is written in any language that calls to its backend. Also, these frontends can also be hosted on decentralized storage such as Swarm or IPFS.

Core Technology
Centralized Ecosystem

The centralized layer of Kart Block ecosystem will govern its Android & iOS app, and its website. This layer will run over the base layer, i.e., blockchain layer. For proper functioning, maintenance, and updating of these interface systems, they are kept under the company’s control, and open-ended development will be allowed in the future.

Decentralized/Blockchain Ecosystem

This will be core-soul technology layer of Kart Block ecosystem. This layer will be powered by the Ethereum blockchain network and native tokens will be standard ERC20 tokens. This layer will handle and record the payments, transactions, smart contracts, data verification, etc. through Hyperledger.

KartBlock Ecosystem :
Kart Block revolutionizes e-commerce, Kart Block aims to solve the challenges e-commerce faces; minimizing errors and corruption, which in turn will reduce the volume of returns, while increasing customer satisfaction and, of course, revenues for e-commerce businesses. They do this through unique business model.

The Kart Block ecosystem combines the Kart Block e-commerce platform, digital wallet, and cryptocurrency reward mechanism. The simple yet powerful idea behind this ecosystem is directly rewarding the customers/users for their valuable contribution to the Kart Block platform, without the need for any middlemen. This reward is in the form of a cryptocurrency (Kart Block Tokens).

The components of this ecosystem are made up of the following:

Digital wallet: The digital wallet will serve as the entry of a user to this ecosystem. It will be used to store the Kart Block Tokens as rewards and use this cryptocurrency as required by the user.
Kart Block e-commerce: This component will be like any other e-commerce platform available today. Vendors and their products for sale will power the marketplace. The only major underlying difference will be that the customers, as well as the users, will be rewarded with Kart Block Tokens for their actions.
Kart Block Tokens: This is the native cryptocurrency of the Kart Block ecosystem. It is the standard ERC20 token and will be used to provide incentives to the users, merchants, and the customers.

Team:

Advisors:

Roadmap:

Token Sales Detail:

ERC20 type tokens are deemed as Blockchain assets that possess value, and can be used for trade, transactions and investment like any other digital currency. Therefore, with the Kart Block token, the user can hold it, trade other currencies and assets with it or use it for transactions to purchase any other entity via the Kart Block platform.

Token: KBT

Price: 1 KBT = 0.15 USD

Bounty: Available

Platform: Ethereum

Accepting: ETH

Soft cap: 3 000 000 USD

Hard cap: 60 000 000 USD

Country: UAE

Whitelist/KYC: KYC & Whitelist

Restricted areas: USA, China

For more information:

Website: http://kartblock.io/