Partnering with FADO will permit KardiaChain to deliver extra readability and belief to the ever-growing e-commerce discipline.
In an try to additional its mission of “accessible blockchain for hundreds of thousands”, KardiaChain has entered right into a strategic partnership with FADO to combine its know-how into the FADO system to deliver 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 net buying sector is projected to develop to $5.4 trillion in 2022. On the present price, 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 internet buyers. Moreover, the present mannequin of marketplaces consists of overcharging patrons and unfair remedy of sellers.
FADO has been working since 2011 to alter 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 limitations, serving to customers import billions of merchandise immediately from throughout the globe. Along with being a distinguished member of VECOM (Vietnam E-Commerce Affiliation), FADO can also be a certified accomplice of Alibaba to assist small and medium on-line companies globally. Moreover, the e-commerce web site of FADO brings over hundreds of thousands of shoppers each month, racking over $2 billion in income.
Integrating KardiaChain into its system, FADO intends to deliver transparency to the cross-border e-commerce platform, additional making a trustable market for patrons and sellers.
“We consider 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 degree of decentralization and transparency of blockchain know-how. It makes use of a non-invasive resolution, referred to as Twin Node, that facilitates inter-chain operation to scale back price and keep away from congestion. These skills of KardiaChain make it a great resolution 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 permit KardiaChain to deliver extra readability and belief to the ever-growing e-commerce discipline. For FADO, this integration will introduce the next advantages:
- Customers can hint the origin and confirm the parts and manufacturing of a product they see/purchase on FADO.
- All transactions on FADO might be safe, quick, and clear.
- Customers are rewarded with FADO cash for his or her loyalty to the platform. This may additional improve the shopper acquisition and buyer retention price.
- Introduce new options within the type of stablecoins to shortly facilitate cross-border transactions – with out dropping the worth of currencies concerned.
Blockchain (KardiaChain) and E-Commerce (FADO) – A Match Made in Heaven
Blockchain know-how information the transactions on a database that’s encrypted and distributed over a number of nodes (computer systems), much like a digital ledger of transactions. Nevertheless, as an alternative of being accountable for a single entity, any consumer 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 embody transactions. Whereas blockchain makes transactions safer and near-instant, e-commerce actions depend on these options. Integrating these two will lead to a trusted e-commerce market, which leverages the transparency and effectivity of the KardiaChain blockchain and the massive, 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, cost processing, and many others., with different enterprise actions.
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