Renrenfeng CMO Consultant Paul: Renrenfeng will use blockchain technology to open up three dimensions for social e-commerce

Renrenfeng CMO Consultant Paul: Renrenfeng will use blockchain technology to open up three dimensions for social e-commerce

On October 13, at the NBC China 2018 Blockchain Summit hosted by COBO and Ostrich Blockchain, Renrenfeng demonstrated a one-stop blockchain solution for social e-commerce.

It is reported that Renrenfeng will use blockchain technology to create a public chain for the vertical industry of social e-commerce and build the blockchain infrastructure for social e-commerce. It will provide a series of smart contracts, management mechanisms and a set of token incentive models to help the community self-govern and promote the healthy development of the community.

According to the content of the conference, Renrenfeng will be able to distribute benefits and incentive mechanisms more fairly through the empowerment of blockchain technology, and promote the formation of a social e-commerce co-governance organization DAO.

At the same time, we will improve supply chain data, commodity data, and e-commerce industry data, and combine them with AI to promote the upgrading and scale expansion of the social e-commerce industry. In addition, we will build a credit system and trust mechanism that cannot be tampered with to improve the overall quality of the social e-commerce industry.

In addition, the company will also use a new incentive model, POTT (Proof of Trade Trust), to fairly form a social e-commerce consensus based on decentralized transaction volume, transaction amount, repurchase rate, evaluation and other factors.

At the summit, Paul, CMO and senior expert consultant on social e-commerce at Renrenfeng, also explained the model and pain points of the social e-commerce industry to the participants.

Mr. Paul Lin talked about the details of Renrenfeng at the summit. He said: "We hope to apply the public chain of Renrenfeng in the field of social e-commerce. I am very vertical in this industry. How to do it specifically? Generally speaking, there are three most important factors: people, goods, and money. Many B-side merchants in social e-commerce have been looking for solutions to problems. Many social e-commerce companies are asking where our promoters are and how to train them to become my partners. Therefore, how to tap into a high-quality e-commerce group is something that needs to be broken through. The second is the product. Imagine that you see a product in your circle of friends. What is the reason why you are willing to buy it directly? It must be that you have trust in it and you still have demand for it. The third is the efficiency of retail in the transaction scenario. As long as money is involved in all links, as long as there is one more step, the conversion cost will increase by more than 30. How to get through this more effectively and quickly is the three dimensions we hope to help social e-commerce solve through blockchain technology. Renrenfeng social e-commerce blockchain has large-scale business scenarios and large users. I hope to work with everyone to truly implement blockchain technology."



This article is for commercial promotion only and does not represent the position of Wabi.com. Cryptocurrency is a high-risk industry. Please invest with caution. We are not responsible for any losses!

<<:  The principle of POW hollowing blocks and the solution to the problem of hollowing blocks

>>:  BlockTower Co-Founder: Crypto Mining Encourages Green Energy Research and Bitcoin Investment

Recommend

Nearly $60 Million in Bitcoin Moved to Ethereum in June

According to Dune Analytics, nearly $60 million w...

Where is the philtrum?

Where is the philtrum ? The philtrum is the conca...

Moon Hill to see personality: arbitrary, gloomy and indifferent

Palmistry: The Moon Hill indicates personality: a...

Does a woman with a narrow philtrum affect her husband's fortune?

Sometimes after two people get married, they will...

Fortune from the nose

The nose is also an important organ of the human ...

Judging the opponent's personality from their fighting posture

No one wants everything about themselves to be un...

Who are the leaders of countries with broken palms?

The broken palm is also called the through palm. ...

Is the face with pointed front teeth good or bad?

A person's fortune and destiny can be reflect...

How to read the texture on the palm

Palmistry is a fortune-telling discipline that ha...

What kind of job is suitable for you?

What kind of job is suitable for you? People ofte...

[AMA Record] Tellor Oracle Star is launched on BTC.com mining pool

On March 29, the roundtable discussion on "B...