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Multiven: an innovative marketplace on the blockchain

Multiven eng top

When the Internet appeared, all state borders were erased. Now there is nobody to be surprised by buying a smartphone directly from China or ordering a new laptop from the US, all that requires is a bank card and a couple of clicks of a computer mouse. And the most interesting is that now you do not even need to have huge stores with a lot of staff, it’s enough to have a small office for a couple of dozen people and a site called the marketplace. The most popular marketplaces are Amazon, eBay, Aliexpress. But today we will talk about a new project in this area, and it is much more profitable than its competitors for a number of reasons. This is the Multiven project.

Multiven is a decentralized open platform for the sale and purchase of electronics based on the blockchain technology. To understand how it works, let’s understand the concept of marketplace. Marketplace is a kind of platform for the sale of goods or services from third parties whose operations are handled by the operator of the site itself. That is, anyone, who matches the parameters of a particular site, can put up for sale their goods and services. For the fact that the goods are sold on the site, a percentage of the sale is taken. Everything is simple. This is the same as what you do, for example, when renting a room for your store and paying rent every month; only in the marketplace everything is much cheaper. And this percentage is not so noticeable, and on some sites it is completely absent. In general, the market itself is estimated at 3 trillion dollars each year. This is an incredible figure, and it is growing every year.

The Multiven platform is going to distribute exactly electronics products such as: IT equipment, network equipment, smartphones, computers, servers, communicators, routers, firewalls, etc. Since Multiven is not a simple platform, but it is based on the blockchain technology, all operations will be carried out with the advantages of this technology.

  • The first is transparency: all operations within the network (buying, selling, transferring the goods) are accompanied by chains of blockchain. Each transaction can be traced from point A to point B.
  • The second is security: you cannot be fooled or steal your personal data since all information is stored in the blockchain network, everything that got there is the truth, and you cannot extract data from there.
  • The third is the possibility of creating smart contracts. This is another factor protecting you as a buyer or protecting you as a seller in front of the Multiven platform. When you buy anything on the Multiven site, automatically a smart contract is created that connects you to the seller and obliges it to fulfill all the terms of the sale, and you in its turn obliges to fulfill all the conditions of the buyer.

Such a solution is directly created for this kind of sites since there are practically no protections and obligations between the buyer and the seller on centralized sites. Only Aliexpress has created such a guarantee of protection, but it also fails and requires the direct investigation of each case. A smart contract is an automated process, and with some inconsistencies a certain algorithm for protecting the buyer or the seller will work depending on the case.

Since Multiven is a platform on the blockchain, it will work at the expense of its internal tokens which have received the MTC ticket and work on the ERC-20 standard from Ethereum. In total, 2 billion tokens were created, of which exactly half will be allocated for sale at different stages of ICO. All unsold tokens will be burned. Only ETH is accepted for payment.

The team of the project consists of very eminent people, and they already deserved a name in many areas. The CEO was the technical director of IOS, and the technical department is filled with stars from the world of programming languages that deal with the architecture of modern languages.

Multiven is a very serious project that can be put on the list of influential marketplaces in the world and become one with Amazon, eBay, and Aliexpress. If you look at the roadmap and Whitepaper, you can see that this is a thought-out project several steps ahead. And who knows, maybe after a year everyone will buy equipment through Multiven.

To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit the official websitehttps://www.multiven.io/ and read the whitepaper: https://www.multiven.io/wp-content/uploads/2018/06/MultivenWhitepaperv1.4-July2018.pdf

Also, you can find a lot of useful information here:

Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e

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