How Blockchain brought a revolution in MLM Industry – Ico App Factory
How
Blockchain brought a revolution in MLM Industry – Ico App Factory
To
know more about our services please visit:
Phone : +91 7397 2244 61
Today, the world is moving so fast towards the new technologies, the traditional ways of payment process are now outdated. The Development in the field of payment gateways, Blockchain, UPI’s has given a boost to the online world and now it’s your time to grab your potential customers from this online world. Now, using Blockchain Technology is the smart move to grow your business.
Blockchain technology aids the business in many ways and as far as it is a concern, now it’s the validation part is carried out by the nodes. Marketing industry got its path right after the multi-level marketing ideas begin to gain the prominence.
Blockchain Technology
Blockchain technology manages the every currency transactions. But Blockchain is not limited to just currency but enlarges to any domain where anything of value is transacted, be it contracts, personal information, health records, business data and much more.
A blockchain is an excellent form of Database storage
system, which uses records to
store data or information. These records or blocks get copied automatically
with the mechanism of cryptography providing a more secure data storage
platform. This means, your data is stored securely in multiple areas, reducing
the overall cost of data storage. The blockchain is the technology which
supports the cryptocurrencies and Digital currencies.Blockchain assures that
transaction continued into the blockchain database which is stable.
MLM
Marketing
Essentially, MLM operates as an expandable mechanism in which
people keep encouraging new members to join for the expansion of operations. In
the MLM model, the contribution of every single member and incentive
distribution as per their performance becomes essential. Therefore, it is necessary
to bridge a connection between end-users and wholesalers as both serve as the
base of this business.MLM models are successful as the network expands rapidly while giving leeway
for every member of the network to taste success. Now, let’s take a look at the
types of multi-level marketing.
MLM models come in various types which make it easy for
enterprises to expand the distribution of products or services by adopting one
of its structures like matrix MLM plan, investment MLM plan, uni-level MLM
plan, stair-step MLM plan, Australian binary plan,
generation MLM plan, binary MLM Plan, broad plan MLM plan, etc. An enterprise
must seek the service of a smart contract and cryptocurrency development
company that holds expertise in developing both concepts.
Blockchain
Smart Contracts and MLM
Smart contracts work according to blockchain’s characteristics
like immutability, transparency, traceability, and efficiency to maintain
anonymity in the transactions. Indeed, blockchain smart contracts enable
business owners to review terms and conditions and customize them as per their
enterprise needs. It is crucial to hire a blockchain and crypto development
company that can make the system as descriptive as possible.
Powering MLM business with blockchain smart contracts eliminates the chances of the scamming of an MLM business. Also, the use of smart contracts empowers all types of MLM business plans. An MLM Platform powered by a smart contract solution excludes the involvement of all third-parties, establishes a peer to peer architecture, provides multiple payment gateways, eliminates malpractices, ensures strengthened data security, fast and secure transactions, effortless traceability, anonymity and transparency.
The transparency of MLM Plan & the blockchain
Make a donation, and
earn from that donation. Well, once the system is integrated using blockchain then, the whole system will be transparent. The transparent
nature makes sure of one important thing – Is the donation process completed or
not?
Say, a request came
up, and you made the donation but, you’re worried about various matters like
the escrow value, the donation is accepted or not, whether the donation is done
to the right person or not, etc. The limitations or the constraints got its
solution, and the plan gets a “TRUST” sign. The business will also gain the
required fuel to maximize its opportunities by building up an open network.
Why
choose us for Blockchain Development?
Developers
with Product Mindset
The
Blockchain powered verification system developed in-house is getting introduced
in the Aviation industry.
Experts
with Research Mindset
Crypto Soft India professionals have worked closely with some of the
leading Crypto’s in the market to tokenize the content web.
Consultants
with a Startup Mindset
Every
Blockchain Developer is trained to coordinate closely with customer and ideate
their solutions.
How it
Works?
Refining
Ideas
In
this phase, the technology team also joins the conversation ( along with the
Blockchain domain consultants ). The main Moto of this phase is to refine the
entire requirement and make it crystal clear, so everyone are on the same page
and everyone in the team understands the idea and deliverable very clear. All
this will be added to the note.This note will be used by the Blockchain
developers during the development phase to better understand
your requirement.
Brain
Storming
Ico App Factory Blockchain Consultants are equipped with the latest
news and trends in the Technology world. They will brainstorm with you on your
idea and create a detailed note. During this phase they will also put in
maximum effort to add more value to your proposition and tweak the idea with
your permission.
Code
& Fix
In
this phase Blockchain development happens in full phase. Each blockchain
developer in the team coordinates very closely with you and assigned to the
project to bring out each module flawlessly. Ico App Factory follow an
agile methodology, where you can see the live results of each module being
developed and give feedback. Fixes happen then and there.
Release
Once
the Blockchain development phase is over, the UAT phase starts. The testing
happens along with bug fixes and fine tuning. After every issue found is fixed
and you give a sign off an overall polishing of the project happens. Finally
your project is ready for launch. Our Blockchain developers will start deploying the
project on live servers.
Applications
of Blockchain Development Services:
Blockchain
can support a wide range of applications. The most well known is cryptocurrency
like Bitcoins. Blockchain-based applications include any business
transaction that can include right from Business order tracking, Supply chain,
Banking and Finance, E-learning, Healthcare, Online shopping portals,
Insurance, Travel, Music, Renewable energy, Contract validation and so on.
Thanks for reading our content.To know
more about our
Services, kindly Visit our Website:
Ico App Factory
101, Kumaran Colony, Vadapalani,
Chennai
Phone : +91 7397 2244 61
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