BitCherry: Cradle of Blockchain Amazon and Alibaba

For blockchain industry, two core application scenarios for digital assets are detected: trading and payment. The former has incubated top exchanges such as Binance, Huobi, OKEx, and etc.; and great potential remains to be tapped for the latter with much imaginary space.

In the post-Internet era, once unparalleled e-commerce magnates are meeting with ceilings and have uncovered multiple issues. The question emerges as whether the realization of cutting-edge technologies such as Blockchain could take over the mission of the Internet and open a new chapter of history.

The answer is absolutely positive. As the traditional e-commerce surging in the past decade, dazzling data has been concealing a series of problems: CAC (cost of acquiring customers) is rapidly rising with profits getting thinner and thinner; small and medium-sized e-commerce merchants have been increasingly difficult to survive; the centralized platform “hegemonism”, the bidding model of advertisement mount to high operating costs under the “hegemonism” of centralized platform; consumers have no privacy at all in the era of big data; traditional e-commerce is having hard time providing tailored service with increasing needs of consumption upgrades.

The emergence of distributed ledger technology provides a feasible solution. Tycoons such as Amazon, Alibaba and JD.com are also promoting the application of blockchain technology in the e-commerce industry. JD.com even launched a JD Chain for enterprises, and released a white paper with open source code.

Subject to its huge body, the turn of a giant is always slow. However, a new type of decentralized e-commerce network was further proposed and put into practice. BitCherry is a typical representative.

With underlying technology of blockchain, BitCherry constructs a decentralized e-commerce application platform. Supplemented with intelligent hardware facilities, BitCherry achieves a payment network applied both online to offline and onchain to offchain, so as to realize a seamless value connection between digital assets and physical business. BitCherry decentralized e-commerce network can achieve:

Data rights assertions. Personal data ownership is protected by cryptography and all data is used with the user’s permission so as to protect personal privacy.

Consumption is mining. BitCherry ecological incentive model attracts a large number of users to join the network under “consumption is mining”. The platform investors, referees and operators all share certain incentive in every segment of sales cycle. A more efficient incentive model will encourage higher extent of user participation within the ecosystem.

Ecological value fidelity. Recording products and services online will promote the whole ecological value fidelity and fundamentally solve the problem of counterfeiting. Business information and transaction records will also be on chain, providing information authenticity and platform integrity.

New value transfer collaboration. Compared with the traditional centralized e-commerce platform, BitCherry enjoys a new value transfer collaboration model in its organization. Through the restructure of traditional e-commerce, BitCherry ultimately allows each participant to benefit fairly from decentralized transactions.

Distributed e-commerce has become an inevitable development trend in the coming future. Since the beginning of this year, well-known individuals and public media have been rushing to e-commerce industry with data traffic beyond measure. Meanwhile Amazon and Alibaba have become “traditional” accidentally. “Sports car” is difficult to run on the cement floor. And the traditional e-commerce infrastructure cannot meet the needs of distributed commerce. Traditional e-commerce has encountered no fewer problems than decentralized e-commerce, confining the development of distributed e-commerce.

Thanks to the maturity of online payments, the Internet has reshaped traditional business models, since when the “WalMarts” have fallen from the altar. And as BitCherry perfects the distributed e-commerce infrastructure, a new generation of e-commerce giant will emerge eventually.

For blockchain industry, two core application scenarios for digital assets are detected: trading and payment. The former has incubated top exchanges such as Binance, Huobi, OKEx, and etc.; and great potential remains to be tapped for the latter with much imaginary space.

From this perspective, BitCherry will be the cradle of Blockchain Amazon and Alibaba.

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