Commerce is the exchange of products of value between people or organizations. Any exchange of money for an item, service or information is considered as an exchange of business. The exchanging of things for different things likewise is incorporated into the definition of commerce. These exchanges don’t have to occur physically in a single location, and exchanges made over the Internet otherwise called ecommerce became widespread during the early 21st century.
Roughly $350 trillion in global assets are held and exchanged within the bounds of the fiat banking system. Constrained by an absence of liquidity, transparency, and accountability between centrally managed financial organizations and their clients, capital markets don’t work as freely and effectively as could reasonably be expected.
We believe that the inefficiencies of traditionally styled financial infrastructure limit global trade and economic growth. By moving resources and trade to a public blockchain, we can take out the requirement for trusted intermediaries whose externalities have weighed contrarily on global trade streams. CommerceBlock has built the main stage for empowering global economic trade in a secure, private, and proficient way on public blockchains.
CommerceBlock is a public blockchain infrastructure organization that is architecting a platform that enables anybody to build and use financial products and services historically reserved for commercial banking clients. The CommerceBlock system will be the principal technology platform that gives a blend of trust minimal trade, decentralized contract execution, on-chain s derivatives, and asset-backed token issuance to public blockchains.
CommerceBlock wants to issue CommerceBlock Tokens, a network token that will be followed on a public blockchain. To utilize services in the CommerceBlock ecosystem, clients should pay in CommerceBlock Tokens. The token will be initially tracked on the Ethereum blockchain using an ERC-20 smart contract. At the point when an adequately feasible side-chain or color coin scheme is available on a more secure public blockchain, we will transfer the value there. We envision a future in which clients utilizing our infrastructure will likewise require payment in CommerceBlock Token, creating an ecosystem of applications revolving around CommerceBlock.
The CommerceBlock network token lays the foundation for a public blockchain based ecosystem of trading platforms and infrastructure organizations. Organizations that download our SDKs will be completely coordinated with CommerceBlock Tokens out of the box. By building a self-sustaining ecosystem of organizations that acknowledge and accept CommerceBlock Tokens, an emergent network of developers will be incentivized to enhance and help keep up the open source libraries that CommerceBlock releases. In this regard, CommerceBlock Tokens have a binding effect: organizations that fabricate useful infrastructure utilizing the CommerceBlock Tokens will increase its value, providing further incentive to improve the libraries. This firmly couples the achievement of ecosystem organizations to the CommerceBlock network token.
CommerceBlock has a convincing story. Our team has domain expertise, and we have customers prepared to pay for our Enterprise Integration services, have released production-ready code, our first BIP is available for peer survey, and our guide is unmistakably characterized. Consolidate this with a well-funded marketing campaign, and our organization is poised for success.