SHENG - THE BEST BLOCKCHAIN PLATFORM FOR WELLNESS AND LIFESTYLE

lekato (12)in #ico • 5 years ago

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INTRODUCTION
The Web is humming with how blockchain can take care of issues and also provide solutions to numerous businesses. However, what precisely is a blockchain and what advantages can it bring to traders and merchants in this new project I will be discussing today known as SHENG.

A blockchain is a "disseminated record" i.e., information spread across numerous PCs that can be utilized to record any exchange, for example, a cash transactions, an agreement between different parties. Numerous parties can refresh the information all the while without a central or focal party controlling it. Each update is secure and trusted, by scrambling information and confirming every exchange dependent on set of predefined rules which is part of the reasons why the new project known as SHENG has adopted the use of blockchain technology so that merchants will be able to reach out to consumers around the globe.
Blockchain is engaging, to a limited extent, since they empower secure exchanges without including an outsider or third-party in-between. Consequently exchange/transactions costs are lower. Businesses that have generally required the services of intermediary, for example, escrow for home loan, can be disturbed utilizing blockchain technology. The adoption of blockchain technology in SHENG platform will neutralize the presence of intermediary between merchants and traders in the platform

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BLOCKCHAIN FOR MERCHANTS
Blockchain Technology is another innovation for merchants and traders around the globe with new use cases showing up every now and again.

MOBILE/QUICK PAYMENT - A downside to versatile installments has been security hazard. Blockchain dispenses with versatile installment misrepresentation by recording all exchanges in the disseminated record and in any case empowering shared cash moves. The use of blockchain technology in SHENG platform will make payment very fast and quick between merchants and traders in the platform

CUSTOMER LOYALTY PROGRAMS - Unwaveringness programs have two essential capacities: gathering of steadfastness focuses and reclamation of these focuses. The use of Blockchain technology in SHENG platform will encourage having the correct agreements set up to oversee the two capacities. Additionally, adoption of blockchain in SHENG platform can be utilized for simple reclamation of loyalty points through the use of digital money.

SUPPLY CHAIN - Blockchain technology will be utilized to follow the distribution of every item in the inventory network from the maker, to the wholesaler, lastly to a retailer's distribution center in SHENG platform. This can follow the item to abstain from altering or misfortunes and furthermore to raise alarms when there is a problem.

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AUTHENTICITY OF PRODUCTS - SHENG platform will utilize blockchain technology to catch each touch point in the life of an item, making it simpler to decide whether an item is bona fide. This ability can be utilized for extravagance products and furthermore for unique product.

SMART CONTRACTS - Retailers who offer to different organizations consistently make contracts. Through the use of blockchain technology SHENG platform will be used to set up various sorts of agreements to be utilized across numerous clients.

CROWDFUNDING - Crowdfunding is well known among dealers and designers to fund-raise. Blockchain has made it simpler to raise reserves by means of cryptographic forms of money which will be made possible in the SHENG platform

COMMERCIAL CENTRES - Commercial centers take a cut of every exchange. A model is the Apple Application Store, which gets a bit of each application that is bought. Through the use of Blockchain technology in SHENG platform, intermediaries will be disposed of by building a commercial center that supports distributed sharing.

SHENG TOKEN DETAILS
Token Symbol SHENG
Token Type Ethereum
Token Supply 500 Million Sheng
Soft-cap 1 Million USD
Hard - cap 4 Million USD

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