Many of the most prominent commercial entities, such as Amazon, eBay, Alibaba, Lazada, etc. have achieved their success through e-commerce development.
E-commerce was established in 1979 and has been evolving vigorously up to this point in time. It thrives on the development of the internet, smartphones, and online shopping demands.
To make transactions easier, developers have created new payment solutions such as; PayPal, Alipay, Visa, Mastercard, etc., which has provided users a better online shopping experience.
The transparency provided by the blockchain technology, paired with
Ethereum's smart contract is a new advancement that will help e-commerce grow in an entirely new way. Combining blockchain technology with e-commerce will improve business efficiency, increase revenue for sellers, and reduce costs to buyers.
Here is a Business Model and Opportunity that is being designed by UHUB
UHUB is an ecosystem that consists of:
- Hub Exchange: HUB Exchange is our solution for the problem of using too many different electronic wallets. Users will be able to keep hundreds of different digital currencies in just one wallet. The wallet is meant to save time and make transactions easier.
- Deposit: Users can deposit different types of cryptocurrency or fiat currency into their account on HUB Exchange and create different altcoin wallet addresses allowing them to receive, store and keep track of their altcoin transactions. Other users can check the transaction history of other users if they share their public address. And businesses on the HUB system which share a public address will increase transparency and increase trust between the customers and the company.
- Send: Users can send money to friends, partners, or pay for services using the Hub Exchange. This function will help users to manage transactions, recipient addresses, and to track their transactions via the Etherscan.io - explorer of the Ethereum blockchain. Users can check the status of the transaction directly on the HUB Exchange. When users pay for a service, they can check the receiver’s information such as the receiver’s wallet location, transaction history, and account balance. This can help users assess other user’s credibility before concluding the trade.
- Withdrawal: Users can transfer money to a bank account/other online accounts, or withdraw to the national currency of their choosing. Also, users can transfer money to a new account as long as they verify the identity of the new account. All transactions are executed only after verifying the destination account, protecting users from losing their money.
- Exchange Bitcoin/Altcoins: Users can trade cryptocurrencies with different trading pairs in the Hub Exchange, including HUB Coin. The Hub Exchange will be released globally and supported by applications for the web, desktops, and smartphones with user-friendly interface. Apart from the sending and receiving functions, users may also trade P2P on the Hub Exchange. It will be a small trading platform, but it will work between Bitcoin, altcoins, and the HUB Coin. Also, we will create an ecosystem with other ICO coins based on Ethereum Smart Contracts, allowing users to easily exchange the coins and minimize the “GAS” fee.
- Hub Connector:
- Money exchange: Peer-to-Peer cryptocurrency exchange allow customers to trade digital currencies or fiat currencies among themselves. On the HUB Connector system, users can use their smartphones to find the buyers or sellers, their location, and then confirm the deal. Instead of searching for an ATM to withdraw money, now users can just find the nearest user who will agree to exchange the currency with them.
- Ticketing service: Buying tickets online is now safe thanks to the application of the Blockchain solution. Businesses and individuals can make quick trades, including the purchases of flight tickets, train tickets, food vouchers, etc. With this operating system, businesses can easily open electronic ticketing services on the HUB Connector ecosystem, bringing service providers and customers closer together.
- Hotel services: Along with the help of the community, we will directly or indirectly develop restaurant and hotel systems. Users will be able to book a hotel room directly through our system. Users can make money from hotel reservations, ticketing, and money exchange services while traveling in two ways: (1) Directly: sellers can contact hotels directly to accept HUB Coin. (2)Indirectly: we will use the API system on e-commerce sites, such as Agoda to automatically convert your currency so that you can efficiently use HUB Coin for payments.
- Delivery service: When you are traveling or just want to order something from a foreign country/another region, and there is no available shipping method to your address, HUB Connector can help you. You can buy an item or play a role of a shipper (ordering for someone or asking someone to order for you). When you join the HUB Connector, not only can you purchase something, but also you can make money by taking transportation requests from someone. You can even make friends with different people all over the world. With the services mentioned, users not only save time and delivery cost but can purchase better products with support from other users.
- HUB Marketplace: If a vendor delivers a product to a consumer, they choose a delivery method themselves to the address that was provided by the buyer during the payment. When automatically delivering goods to the buyer, tracking payments is simple with the support of the “HUB Marketplace” application that the vendor uses. The application records and distributes the product according to a set algorithm combined with a smart contract. The following diagram represents the delivery process:
Token Sales Information
The UHUB crowdsale and the corresponding token creation process will be issued by UHUB decentralized e-commerce ecosystem, utilizing smart contracts running on Ethereum Blockchain. Participants who are willing to support the development of the UHUB Project can do so by sending Ethereum to the designated address on the system. By doing so, participants are purchasing UHUB Tokens (HUB) at the rate of 4000HUB per 1 ETH which are sent instantly to their Wallet through a smart contract on the Ethereum blockchain.
Detailes ICO:
- Total Supply: 1,156,789,000 HUB
- 680,001,200 HUB will be listed for sale as part of pre-sale and sale events
- 476,787,800 HUB is kept by the company and introduced to the market in various ways, including bounties, team compensation, testing, and to manage future awards
- For crowdsale starting on November 25, 2017, it will last approximately one month and will end on December 25, 2017. There will be an additional 72 hours if the Soft cap is reached.
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