Jeremy Kim, Founder and CEO of MEMBER SHEEP:

Blockchain will reconstruct the global B2B cross-border trade mode. Transactions based on blockchain will become more trustworthy and more efficient.

On November 26, 2018, the "United Conference of Internet Money" was held as scheduled in Singapore. Investors, thought leaders, entrepreneurs and representatives from all over the world gathered in Singapore to discuss how blockchain technology can promote the economic operation of various industries in the future and play a greater role.

At the meeting, Jeremy Kim, global business director of MEMBER SHEEP, shared the important value of blockchain in the global cross-border B2B trade field and the role of MEMBER SHEEP in global e-commerce.

Jeremy Kim pointed out that most small brands and small distributors in the current global cross-border trade will encounter many difficulties when reaching trade. They need to search and manage by themselves and bear more risks. For example, trust issues cannot be guaranteed, and language problems make the situation worse.

However, cross-border e-commerce platforms based on blockchain can focus on building a simple and secure trade system and combining it with blockchain, which can not only build trust relationships but also effectively save more time. In addition, it can also help build more digital assets. In the future, sometimes the price of digital assets will be much more expensive than physical assets. In this regard, the order process will be integrated and connected to smart contracts, and language problems can also be solved well.

The following is a transcript of the speech given by Jeremy Kim (Jin Zhencheng), CEO of Manboyang:

Hello everyone, I am Jeremy, the founder and CEO of MEMBER SHEEP. MEMBER SHEEP is a B2B trading platform based on blockchain. Today, I will introduce MEMBER SHEEP and MEMBER SHEEP coin to you and our company outlook.

A few weeks ago, I think everyone knows that a very large exhibition was held in Shanghai, the China International Import Expo. Our President Xi announced that in the next 15 years, my country will have an import volume of 40 trillion US dollars, including 30 trillion goods and 10 trillion services. This will be a huge number that will go down in history. Therefore, more brands will want to enter the Chinese market. At the same time, with the growth of China's middle class and GDP, more and more people are more willing to buy more imported products from overseas. However, most small brands and small distributors will encounter many difficulties in making trade. They need to search and manage and bear the corresponding risks by themselves. For example, trust issues are not guaranteed and language barriers make it worse. These problems are what they will encounter immediately. So how do we solve these problems?

Until now, not everyone can solve these problems completely. But there is a company that can provide more services to solve and focus on this kind of work, that is us, Manboyang. It is the world's first cross-border e-commerce platform based on blockchain. We focus on building a simple and secure trading system and combining it with blockchain. On the B2B business platform, it is easy to build trust relationships and save time and is very effective. We can help to establish more digital assets. In the future, sometimes the price of digital assets will be much more expensive than physical assets. All order processes will be integrated and connected to smart contracts. On this platform, different languages ​​will no longer be a problem. The biggest feature is to have this encrypted number on Manboyang. Any brand will record their product list on Manboyang's platform and generate an encrypted number. They can track these blockchain assets and exclude counterfeit products.

This is the blockchain tag. You can see the authenticity tag. Customers can use this tag to leave their name on the blockchain. Their name will be recorded on it forever. Customers can also use this tag to transfer ownership of the product.

The next feature is smart communication. We have been in the trade business for more than 4 years and we found that branded product trading does not require a higher level of language than manufacturing. Just to check order quantities, discuss discounts, discuss shipping issues, etc. We have created a translation database of the necessary trade terms and linked them to smart contracts. Now, English and Chinese are fully connected, and we will add other languages ​​in the future. From now on, language is not a problem for buyers and sellers using our platform. Use Yangcoin on the Manboyang platform. It will help Manboyang strengthen the services of the platform, such as building digital assets, import and export funds, advertising on the platform and many other services.

This will be an overview of our company. We were founded in 2014 and are headquartered in Hong Kong. Last year, our monthly order volume reached more than 1 million US dollars. At the same time, we are expanding at an average rate of 6 times per year. The sellers are small fashion brands from the United States and Europe, and the buyers are distributors from various Asian countries, such as China, South Korea and Vietnam.

Our buyers are from various distributors, such as department stores, online shopping malls, WeChat and other retailers. They all purchase products from overseas brands through the Manboyang platform, with orders ranging from US$5,000 to US$3 million. Our positioning is shown in the figure. The global B2B market is very large, and there will be players in every category. So positioning is very important. The most famous is Alibaba, they sell products from various factories in China overseas. China is still the world's factory. Alibaba focuses on exports, while we focus on imports. So we are various distributors who purchase overseas products to enter the country. Because now China is also the world's largest market.

Our team members come from 5 different countries, about 20 people, each of them has rich experience and background. 40% are development team, 30% are business team.

The new e-commerce ecosystem we developed is based on strong partners from different fields, such as finance, technology, trade, etc. To this day, Manboyang has received support from various Korean governments.

Here is the roadmap, we have continued to grow and expand since our founding 4 years ago. We are now in the pre-private sale phase, which will be a milestone in our company's history.

We hope to create a blockchain-enabled business ecosystem using YELLOWCRYPT to simplify international growth and expansion for small brands, all within a trusted and secure community.

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