What Is VANIG?
Vanig is the world’s pioneering blockchain-based integrated e-commerce and supply chain ecosystem. The main objective of this project is to streamline the supply chain so that it is in alignment with the fast-growing e-commerce industry. Vanig proposes the use of distributed ledger technology to combat the issues inhibiting the smooth operability of the supply chain. In addition to this, e-commerce system will provide high-quality, affordable and timely products and services to the consumer.
Who Is Behind VANIG?
The Vanig project team consists of individuals with years of experience in both the supply chain and online business. Concerning software, the Vanig supply chain and e-commerce ecosystem is built using the Hyperledger Sawtooth blockchain framework. It is further bolstered by the integration of AI and machine learning infrastructure.
Inadequacies of the Supply Chain VANIG Seeks To Solve
Currently, participants in the supply chain do not have access to all stages of a transaction. As a result, this data is vulnerable to manipulation.
As of now, intermediaries act as the link between the two ends of the supply chain; the merchant and the consumer. Also, these middlemen are the custodians of trust. The bottom line is, the intermediaries charge excessive fees that eat into the gross profits of merchants.
Static Inventory Management
The existing infrastructure cannot handle the voluminous supply chain data. This shortcoming often leaves inventory stagnate, and they become obsolete over time. To avoid such a situation, companies have to resort to the expensive upgrading of database infrastructure.
Ineffective Tracking Of Orders
Presently, the order tacking systems is significantly ineffective. This is particularly highlighted during recalls, as clients have to wait for long periods before a defective product is replaced.
Challenges Facing e-Commerce
Inefficient Logistics Handling
A majority of online business lack the provision for tracking ordered shipments. In some caes, the delivered goods are slightly different to the ordered goods.
Due to the absence of a competent inventory management mechanism, consumers end up disappointed when they favorite products run out of stock before they acquire them. On the other hand, merchants may either overstock or understock a particular item.
While most e-commerce sits are universally accessible, the problem lies in complying with the greatly varying shipping and taxation regulations in different countries.
Some malicious online businesses often publish fake reviews in a bid to drive more sales of their products and services.
VANIG Blockchain E-Commerce Shopping Supply Chain Coin Solution
Vanig will leverage blockchain technology to bring an end to issues plaguing the supply chain. Consequently, the supply chain will realize its full potential.
VANIG Token ICO
The Vanig project will issue Vanig tokens in exchange for money to funds its ambitious mission. The Vanig coin is an ERC20 complaint utility token based on Ethereum blockchain.
Parameters Of The ICO
- Token symbol: VANIG
- Private sale end: 3rd June 2018
- Presale start: 4th June 2018
- Presale end: 19th June 2018
- ICO start: 19th June 2018
- ICO end: 7th August 2018
- Token supply: 250,000,000
- ICO supply: 150,000,000
- Soft cap: $2 million
- Hard cap: $20 million
- Accepted Currencies: USD, BTC, ETH