CARRY PROTOCOL Connect Offline Stores and Consumer using Blockchain Technology
steamit·@romanbank·
0.000 HBDCARRY PROTOCOL Connect Offline Stores and Consumer using Blockchain Technology
INTRODUCTION
New opportunities has opened up since the invention of blockchain technology in many sectors like education system, agricultural system, finance systems, health system and so on. The Blockchain technology has features like Decentralization, Smart contracts which ensures real-time transactions are carried out as efficient as possible with no point of failure and so on.
Many developer has been embracing blockchain technology and also using it to solve so many related problems.
Another group of professional has teamed up to solve challenges merchant and consumers are facing in terms of connecting each other using blockchain technology; the platform is called Carry protocol.
Carry Protocol is a platform that connects offline stores and consumers based on blockchain technology.
Carry Protocol
This is a platform that connects offline merchants and consumers using blockchain. .
Carry Protocol have two components which are blockchain & smart contracts solution, and the Carry Wallet and Carry Device APIs.
What Carry Protocol have to offer?
Carry Protocol has aimed to provide solutions to the challenges of fragmented transaction data, opaque and ineffective marketing, problems with offline commerce markets, inconveniences of consumers who do not have control over data, and finally address the inconvenience of coupon and point management.
How Carry Protocol Works
Carry Protocol has two components
1. Blockchain and the snart contract that act like the house itself. It carry transaction database.
Carry transaction database refers to the virtual database on the blockchain where the transaction data is generated and uploaded by consumers.
Carry smart contract supports the issuance and use of tokens (CRE and BT) on the Carry Protocol.
2. APIs: This connect the blockchain to third party software. Example are Carry wallet API and Carry device API.
Carry wallet API enables wallet apps to support Carry Protocol and lets consumers manage their cryptocurrency, control their transaction data & privacy settings.
Carry device API is an API that allows devices at the stores to support Carry Protocol, and provides the function to pay with cryptocurrency and sends payment data to consumer’s wallet. Each of the above will be explained in further detail.
Benefits
Merchants and consumers are the most important participants of the system and use Carry Protocol to communicate and interact in various ways. Another participant in the Carry Protocol is advertisers, many of whom are expected initially to be merchants in the system.
Users can also earn CRE tokens or coupons when taking advantage of promotions or selling their personal data to merchants.
Tokens
There’s 2 token model for Carry:
CRE token — Focuses more on consumers end.
a) Reward consumers for sharing their data.
b) Reward users when they are advertised on.
c) Used on participating stores as credit.
2. BT token — Focuses more on merchants.
a) Merchants/brand able to use it for their loyalty points, coupons, prepaid cards.
For more information, visit:
Website: https://carryprotocol.io/
Whitepaper: https://carryprotocol.io/static/docs/Carry_protocol-white_paper%28ENG%29.pdf?cachebust=56ce7d511bc65d0aee3d8ba2b2d5c876
Telegram: https://t.me/carryprotocol
Twitter: https://twitter.com/carryprotocol
Facebook: https://www.facebook.com/carryprotocol.io/
Author: Romanbank
Bitcointalk Profile:
https://bitcointalk.org/index.php?action=profile;u=1968530