Over time, individuals have realized that blockchain technology possesses numerous benefits that are applicable far beyond the cryptocurrency industry.
Nowadays, blockchain-based projects from different sectors of the economy are partnering up to create cutting-edge solutions that were hitherto inconceivable. A single instance of such an agreement is the collaboration between Nuggets, an e-commerce payments and ID platform, and Storiqa, a startup that intends to empower small and medium-sized enterprises by eliminating inhibiting factors and establishing a direct connection with merchants.
The two partners have a lot in common, as both leverage distributed ledger technology to revolutionize the online shopping industry. Essentially, they create a conducive trading environment for upcoming businesses by making the market secure, transparent and efficient.
Who is Storiqa?
Since its inception late last year, Storiqa has made significant milestones towards achieving its goals. The startup aims to assist SMEs to set up their establishments in the shortest time possible, with minimal financial restrictions as well as global transactional charges. Furthermore, Storiqa blocks spam messages and falsified reviews using their unique blockchain-driven smart review mechanism.
Additionally, the Storiqa platform features a digital wallet that facilitates the fast and secure transfer of its native STQ tokens, major digital currencies and fiat money. Also, transactions fees are incredibly subsidized, with the disbursement of payments being remarkably accelerated.
As of now, Storiqa is running a promotional offer involving a 60-day free trial to increase its allure amongst sellers. Once the trial period elapses, the sellers are subjected to heavily subsidized fees; the lowest as compared to the similar services in the market. All businesses, particularly SMEs, are eligible to this offer.
Who is Nuggets?
Anonymity during transactions is the primary objective of the Nuggets blockchain-powered project. By using this platform, internet users can make payments without disclosing their personal information. Therefore, the swiftness of the e-commerce process is significantly improved.
Moreover, Nuggets user’ are only required to enter their personal data only once. Once this is done, the users will not be obligated to re-enter their credentials very tine they want to log in. instead, they will prompted to undergo biometric scans for verification of their identities.
Nuggets also has an inbuilt mechanism that flags every complete transactions to merchants. Usually, this is done discreetly without revealing the user’s information.as time goes by, the user builds their reputation on the network.
Lastly, Nuggets offers the Nugget Tokens in exchange for pieces of the user’s personal information, such as an email address. These tokens are acceptable in any outlet that supports the Nuggets project.