KardiaChain and FADO Join Hands to Bring Transparency to E-Commerce Marketplace

Partnering with FADO will enable KardiaChain to carry extra readability and belief to the ever-growing e-commerce discipline.

In an try and additional its mission of “accessible blockchain for tens of millions”, KardiaChain has entered right into a strategic partnership with FADO to combine its know-how into the FADO system to carry transparency and traceability to e-commerce customers.

Introducing Transparency to E-Commerce

E-commerce gross sales have been $1.8 trillion in 2016, and, in 2020, it was greater than $4 trillion. As per Statista, the web purchasing sector is projected to develop to $5.4 trillion in 2022. On the present charge, the e-commerce trade could appear invincible. However, that is removed from the reality. Because the inception of the web, the trade has been centralized, with little to no transparency for web shoppers. Moreover, the present mannequin of marketplaces contains overcharging patrons and unfair therapy of sellers.

FADO has been working since 2011 to vary the narrative of the e-commerce market in Vietnam by introducing a good system to retail customers. The corporate has been efficiently eliminating cross-border e-commerce obstacles, serving to consumers import billions of merchandise instantly from throughout the globe. Along with being a distinguished member of VECOM (Vietnam E-Commerce Affiliation), FADO can be a licensed companion of Alibaba to help small and medium on-line companies globally. Moreover, the e-commerce web site of FADO brings over tens of millions of shoppers each month, racking over $2 billion in income.

Integrating KardiaChain into its system, FADO intends to carry transparency to the cross-border e-commerce platform, additional making a trustable market for patrons and sellers.

“We imagine the collaboration between KardiaChain and FADO will create transparency of products motion and achieve belief from clients, present clients with the quickest entry to cross-border high quality merchandise with ease,” shared Mr. Dat Pham, CEO, and Founding father of FADO.

KardiaChain – Creating A Reliable E-Commerce Mannequin with FADO

Being a blockchain infrastructure, KardiaChain leverages the unparalleled stage of decentralization and transparency of blockchain know-how. It makes use of a non-invasive answer, referred to as Twin Node, that facilitates inter-chain operation to cut back price and keep away from congestion. These skills of KardiaChain make it a super answer that may be built-in into any e-commerce market to introduce transparency in an space that’s thought of extremely non-public. Partnering with FADO will enable KardiaChain to carry extra readability and belief to the ever-growing e-commerce discipline. For FADO, this integration will introduce the next advantages:

  1. Customers can hint the origin and confirm the elements and manufacturing of a product they see/purchase on FADO.
  2. All transactions on FADO can be safe, quick, and clear.
  3. Customers are rewarded with FADO cash for his or her loyalty to the platform. This may additional improve the client acquisition and buyer retention charge.
  4. Introduce new options within the type of stablecoins to rapidly facilitate cross-border transactions – with out shedding the worth of currencies concerned.

Blockchain (KardiaChain) and E-Commerce (FADO) – A Match Made in Heaven

Blockchain know-how data the transactions on a database that’s encrypted and distributed over a number of nodes (computer systems), just like a digital ledger of transactions. Nevertheless, as an alternative of being in command of a single entity, any person can see transactions occurring on a particular community – KardiaChain on this case.

Including extra to the issues within the e-commerce trade, it faces challenges like safety measures, transparency, effectivity, and extra importantly, belief. These inherent points can solely be solved by implementing blockchain know-how to e-commerce marketplaces – FADO on this case.

Each blockchain and e-commerce embrace transactions. Whereas blockchain makes transactions safer and near-instant, e-commerce actions depend on these options. Integrating these two will end in a trusted e-commerce market, which leverages the transparency and effectivity of the KardiaChain blockchain and the large, cross-border e-commerce market of FADO.

Moreover, bringing FADO to the KardiaChain community means much less expenditure for FADO as blockchain know-how can conveniently mix the platform’s workout routines like stock administration, product descriptions, fee processing, and so forth., with different enterprise actions.

Blockchain News, News

Andy Watson

Please take a look at newest information, skilled feedback and trade insights from Coinspeaker’s contributors.

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