PLAZA PLATFORM A SURE BET TO LOW TRANSACTION COST ACTIVITIES IN THE ECOMMERCE WORLD

Buying, selling, exchange and trading of goods and services over the internet is meant to reduce the stress in trading, reduce the cost of trading as well as extend cross border trades across the globe. Indeed buying and selling or trading of goods and services over the internet and formally known as Ecommerce has revolutionalized and brought a paradigm shift in the trading economy of the world. The activities carried out on Ecommerce cannot be available to consumers without platforms or firms that provide the required services and conducive environment over the internet for people to engage in trading activities. These Ecommerce platforms are centralized in nature, that is, their activities are controlled by the individual bodies that own them. Furthermore, these centralized Ecommerce platforms make use of servers, physical warehouses and labor force for running their outfits. Since Ecommerce services are only available online via the internet, all their services live on servers and these servers are usually high end servers that need a lot of resources for maintaining and securing the data stored in them, so this cost incurred by these Ecommerce platforms through the maintenance of their servers lead to high cost of trade over these Ecommerce platforms and the hammer of these high cost of trades most a times fall on the customers or buyers who trade over these online platforms as seen in high cost of buying some products over these platforms. Also, these online trading platforms employ people in their various offline stores and equally have physical warehouses and it is equally resources that are used to pay these employees and maintain these brick wall warehouses.

INTRODUCING PLAZA 

In order to enhance the user experience involved in using Ecommerce platforms, there comes an online blockchain and peer to peer driven Ecommerce platform known as Plaza platform which completely bypasses intermediaries like the contemporary online Ecommerce platforms and directly links sellers to their targeted buyers in a peer to peer basis; the absence of these middlemen or intermediaries factors out the outrageous trading cost as witnessed in the current online Ecommerce platforms and allows the buyers and seekers to directly control their trading activities and directly call the shots in the course of their negotiations and trading sojourn.

The center of attraction of the Plaza platform is its AI based search engine known as the Metasearch which crawls across the length and breadth of the internet network in search of high end products and services and equally services being showcased or marketed by sellers directly on the Plaza blockchain's fired Ecommerce ecosystem, the PlazaMarket.

The Metasearch engine comes along with an intelligent chat bot called the PlazaChatbot which ends the stress involved in scouting through the numerous online Ecommerce websites all in a bid for the best and affordable prices of goods/services, rather the PlazaChatbot will provide an easy interactive session with customers of the platform in which information on best shopping experiences and price comparisons would be easily sorted for.

The Plaza platform is readily available in mobile and desktop application versions alongside the PlazaWallet, and the mobile versions of the app are available on iOS and Android platforms. The mobile app can be used to make payments for goods and services offered on the Plaza blockchain's driven Ecommerce marketplace – PlazaMarket, in online and in-store modes!!

Plaza platform runs a decentralized, secured and peer to peer multi-crypto wallet known as the PlazaWallet, which creates, encrypts and manages private keys, public keys and transactions on the client end of the device.

TOKEN ECONOMY OF THE PLAZA PLATFORM 

Plaza platform is a dual cryptocurrency platform running on two Cryptos known as PLAZA and PL$, PLAZA remains the main token that controls all activities of the Plaza platform, while the PL$ token is a paper-backed currency or token used to stabilize the volatile effects of the PLAZA token.

ICO DETAILS 

The token issued at ICO is the PLAZA token, however the ICO has successfully been concluded and funds realized during the token sales period will be used for the following: 40% for research/development, 35% for marketing/community, 20% goes for operational costs while platform security takes 5% of the sales proceeds.

CONCLUSION 

Ecommerce activities has come to stay and make buying and selling over the internet network to be fun and seamless…..hence in a bid to further the gains of the Ecommerce system of trading, it is imperative to avoid all obstacles which could hinder the effective engagement or usage of the Ecommerce platform, of which high transaction costs is one of the obstacles in question, therefore Plaza platform is here to solve the problem of high transaction costs by applying the features of peer to peer and decentralized nature of the blockchain technology to remove the activities of intermediaries in the Ecommerce operations which constitute a high source of costly transactions as witnessed in the current Ecommerce platforms.

ROADMAP 

TEAM AND ADVISOR 

FOR MORE INFORMATION ON PLAZA SYSTEMS 

Facebook : https://www.facebook.com/plazasystems

Twitter : https://twitter.com/PlazaSystems

Github : https://github.com/plaza-systems

Medium : https://medium.com/plaza-systems

YouTube : https://www.youtube.com/channel/UC5C06Ma-O6-bqgJ76GogBMw

 Website: https://plaza.systems/

White paper: https://plaza.systems/whitepaper

Author name : Solomon alaba 

Bounty0x Username : Alabscrypto