By VRT we are trying to solve 3 Major problems faced by current
Ecommerce Industry:
1. Trust and Reputation
2. Expensive and Long Payment Process
3. An Inability to Reach the Growing Crypto Economy Here is how VRT is answering to this problems.
Every time a transaction is made the blockchain will record the time of the transaction, both receiving and sending wallet addresses, warranty conditions, delivery time, and all other information that is typically needed to ensure trust. All the sensitive information will be hashed and only available to authorized users in a beautifully designed user interface. Based on that information, clients and merchants will be able to file/solve a claim, rate each other, etc. Every time a transaction is made, claim registered, solved or unsolved (according to the purchase details saved during the purchase), review written, etc., the smart contract will automatically change the trust level for each of the parties involved.
With the help of the BINANCE SMARTCHAIN, we are able to make payments with
only 1 step and 1 fee, which results in accepting payments generally up to 5X
cheaper and up to x10000 faster for merchants. After simple integration with
VRT, merchants will be able to: use our decentralized trust and reputation system.
Accept Cryptocurrencies, accept mobile payments, and easily convert cryptocurrency to their local fiat currency.
Enabling merchants to reach $10 trillion digital asset economy