The next-gen e-commerce marketplace is about restoring the power back to the consumers, to the vendors/merchants/sellers and finally the OEMs. Ultimate mission is to disintermediate central power players who are altering the power equations to their benefit and provide superior shopping experience to the consumers/vendors in various ways.

Why is it a big deal? Check out this article as well. Decentralized E-Commerce to Tokenized Real Estate

How will disintermediation (replacing central players) take place?

The self-governed decentralization network with Decentralized Autonomous Organizations (DAOs) will ensure the governance rules and regulations are set democratically using technology. This DAO will be able to govern a number of key initiatives including but not limited to

1. Who gets to display their product, sell them and how often - shows up in top searches or not
2. How will the advertising mechanisms be setup and sponsorships handled
3. How can the DAO mitigate suppression of smaller players in the realm of medium and large-scale players
4. What fee structure can be imposed for various activities - customer service, insurance, extended warranties etc.
5. How can the algorithms such as recommendation and competitive pricing strategies be regulated
6. Customer resolution policies
7. Remove any hidden fees and surcharges
8. Speedy logistics
9. Eliminating fraudulent transactions on the platform by vetting all players
10. Open and transparent communication channels across players
11. Fines for irregularities and ejection for fraudulent activities
12. Who can be part of DAO

Four Corner Participants

The four players in this arena will be

• Original Equipment Manufacturers (OEM) (Advertisers/Brands/Product Manufacturers)
• Vendors/merchants/suppliers/wholesalers who would like to market the products and eventually sell them
• Customers who like to research the market, historical product price, the customer experience and the quality of the product
• Finally, SimtelAI plays the role of the web3 technology platform provider that enables interaction between the above

Web3 Technology for Marketplace

• Next-Gen UI/UX for both customers and vendors
• User friendly mobile DApps for ultimate Customer Experience
• Advertising data to the marketers of the OEMs
• Binding technology contracts for buying/selling/resale/marketing
• Strong AI-driven privacy to ensure people research products in a safe environment
• Permission-driven marketing to ensure marketers are not intruding into people's lives
• Leveraging OpenAI/llama LLMs for researching products
• Competitive Pricing with ML models
• Automation for shipment deliveries, returns and customer service post delivery
• Focus on customer experience, high quality at lowest price points
• Stablecoins/eRupee connectivity

Consumers Delightful Shopping Experience

• One click product research across the market
• One click buy with myriad of options including BNPL schemes
• Multitude of payments
• Option to choose the shipping vendor
• Post-purchase customer service experience
• All this with complete privacy to the user, no one will ever know your email or phone to bother you with repeated calls

Merchants will be the biggest benefactors

• Branding for merchants or resellers
• Meritocracy for providing superior customer service
• Loyalty benefits for long-term platform usage
• Lowest Transaction fees in the industry due to efficient technology platform
• Support for technology/product taxonomy, sales and analytics
• Transpacrency across the spectrum
• Credible analytics data

OEMs

• Efficiency in marketing / targeting right customers
• D2C players will directly benefit from selling on this platform
• Transparency across the spectrum
• Credible analytics data

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You can experience the MVP of the e-commerce marketplace by clicking below, we will shortly follow up by releasing the Vendor Website for onboarding vendors.

• You can register with new credentials and provide any feedback to info@simtel.ai
• Any bugs, please forgive us. This is the first iteration.
• Those who are interested in carrying out market research with the company, please reach out to ravi@simtel.ai
• Those who believe in what we do, join us.

NOTE: Product sales will happen on the website post User Acceptance Testing / Vendor onboarding.

Technology hosted on Azure Microsoft Platform, thanks a ton!

When you start to feel some things are crumbling and more pain points faced by small businesses, people in general, you know, its time for a change. What do we see in the current world?

• Corporate Monopolies and Hegemony, Price wars, Lose-Lose
• Power concentration in the hands of a few, less reliance on collective intelligence
• Inefficiencies due to siloes, bottlenecks

DeFI​

Decentralization - StableCoins​

A classic example of Stablecoin is USDT (Tether), where 1 Tether is close to 1 USD and there are many ways to create the value of the currency including Fiat-backed, Collateral-backed or Algorithmic to keep the value of stablecoin close to its native countries physical currency

Decentralization - Central Bank Digital Currencies (CBDC)​

Central Bank of each country is planning to issue or on pilot to issue CBDCs backed by physical currency of that country. The underlying technology is a blockchain or similar decntralization technology to ensure smooth operability across borders. Digital eRupee is oone such initiative by Rserve Bank oof India to tackle a host of cross-border trading problems

Decentralization - Cryptocurrency​

As most are aware, cryptocurrencies have cyclical boom annd bust periods for valuation of currencies such as Blockchain and Ethereum.

Decentralization - Web Applications (DApps)​

Smart contracts form the heart of Web3 Applications. They are decentralized contracts that get executed on interaction of users or events that lead to changes and triggers in the smart contracts.

DAOs​

Decentralized Autonoomoous Organizzations are sub-systems within the decentralized networks and establish governance/rules in a democratic manner, which is followed by its uers with rigor.

Between Smart Contracts and Crypto​

The combination of cryptos and smart contracts enable decentralized governance systems and Apps that drive the web3. This will eliminate central players, known as disintermediation and ensure equal opportunities for all users to participate in the activities without any FOMOs