PLAZA SYSTEMS- UPGRADING THE E-COMMERCE INDUSTRY
One thing that is evident in the world as it is, remains the fact that technology is rapidly upgrading to make life easier for us all. This is further made possible by the rapid adoption that follows this upgrade. Take, for example, shopping. According to statista.com, there were about 1.6 billion online shoppers as at 2016 a figure expected to rise to about 2.3 billion by 2021! Those numbers used to be part of the myriad of regular walk-into-the-mall shoppers but then technology-upgrade-adoption changed it all.
The cycle seems to be spinning again. This time, in the e-commerce sector. With the Plaza systems, a project that aims to take advantage of the blockchain technology to transform the online purchase experience as we see it through a whole lot of customer-centred packages that will just keep users coming back again and again.
Also, Plaza systems is to be powered by two tokens, namely: The first being the PLAZA token which drives the platform and serves as a cryptocurrency that can be used on the platform, transferred to another user’s wallet or converted to any other currency (crypto or fiat). It will be used to pay for transaction fees on the platform as well as used for payment of lifestyle rewards to the users of the platform. The other token is the PlazaDollars, designated as PL$ (informally referred to as please token lol), that is a cryptocurrency tethered to external factors such as the value of the US dollars and will be used for payment of goods and services on the platform.
WHAT PROBLEMS DOES IT AIM TO SOLVE?
Plaza systems aim to incorporate Artificial intelligence, blockchain and smart contract into one e-commerce thereby deriving a “Bcommerce” platform that aims to bring solutions to the multitude of problems plaguing the sector at present which include:
The stress of payment for goods and services as a result of fiat conversions, obtaining a secure and suitable payment processing platform etc.
The high cost of infrastructure: servers have to be bought, advertisements placed and employees employed by e-commerce companies thereby increasing their cost, a cost they also try to transfer to sellers by higher platform fees who in turn try to increase their cost of goods and services to maintain a profit margin.
Loss of privacy: customers most times have to grudgingly give up personal data in order to access some service on e-commerce platforms. Also, these platforms tend to obtain data such as purchase history and buying attitude of customers for cross-selling purposes.
WHAT ARE THE ADVANTAGES OF USING PLAZA SYSTEMS?
The aforementioned problems are just some that currently plague the e-commerce industry and most times bring inconveniences to the customers. Taking advantage of the shared total of more than 80 years of experience in the e-commerce industry accrued by the team behind the project and in keeping to their word of it being a customer oriented and friendly platform, they aim to solve these problems as well as introduce more rewards for the customers by some innovative approaches which include:
User-friendly apps: most times, if not all the times, shoppers really don’t like having difficulties in carrying out a business transaction and complicated interfaces are such a big turn off when all you want to do is just buy that order for that suit on your way to work. Most of all, with its presence on the blockchain, an interface that doesn’t require need knowledge of the technology is much needed to be able to cater for the large population of shoppers that know virtually next to nothing about cryptocurrencies and the blockchain apart from its use as a means of payment. Plaza systems aim to bring about very user-friendly and easy to use interfaces that can be used on all devices from Android phones and tabs to iOS devices to personal computers.
Payment made easy: with the PlazaCard, customers on the Plaza platform can pay for goods and services in hosts of stores and malls around the world (even those that do not normally accept cryptocurrencies) as well as PlazaMerchants. The PlazaCards are tied to the user’s wallet but function as normal debit cards and pay for goods in Fiat currencies while the customers pay in either PLAZA tokens or PL$ tokens present in their wallets.
User privacy: customers, daily, are faced with the choice of giving up their personal information online, in e-commerce stores in order to be able to gain access to some ser4vices. This is not so with Plaza as all users’ identity will remain concealed and only those of sellers can be easily identifiable as people have to know who they are buying from.
Anyone can mine! : Yeah. You read that correctly. With the AI-powered PlazaConcierge™ which is a smart speaker that maintains a copy of the Plaza Merchantchain blockchain and helps earn PL$ tokens 24/7! So, not only heavyweight miners with their complex infrastructure or mining groups that can earn successfully on this blockchain. Every Tom, Dick and Harry can just kick back and relax and earn some dough.
AI-powered customer interaction: by simply interacting with the AI-powered PlazaChatBot, consumers using all devices including the PlazaConcierge smart speakers can get their disputes resolved, questions answered, and orders placed in a fast and easy way and all in maximum comfort and minimal effort.
CONCLUSION
With a team that has garnered much experience than most in the e-commerce industry, a blockchain that can handle over 15,000 transactions per second and a market that in 2017 alone amounted to 2.3 trillion US dollars and projected to grow to 4.88 trillion US dollars in 2021 (source), one can’t help but have confidence in the project as well as hope that the solutions they aim to bring to being, sees the light of the day for the convenience of us all.
To learn more about the project and its services, check out any of these links and sites. Feel free to questions them to your heart’s content. You know you want to *winks*.
BountyOx username: abdulmutalib1995