Nov 28 2017
INS ECOSYSTEM: The Worldwide Decentralized Ecosystem Connecting Consumers Directly to Manufactures
What Is INS Ecosystem?
INS Ecosystem is the first worldwide decentralized ecosystem. INS provides grocery market where consumers and manufacturers can do the transactions directly without wholesaler or retailers. By buying products directly from the manufactures, consumers can get lower prices, discounts, or other promotions of excellent quality products. Moreover, both consumers and manufacturers can make direct interaction to make the transaction process effortless.
INS Ecosystem Limited integrated with BVI Company, INS, which makes the INS platform, tech, and tokens. INS has a focal point on producing an open source that enables the INS ecosystem’s operation. In order to participate in INS ecosystem, people need to make an account on its platform. Throughout the registration process, the users will be provided with a profile and wallet later on. The profile will keep the user’s data; meanwhile, the wallet offers the information of INS token.
INS founded by professional people, Peter Fedchenkov and Dmitry Zhulin. Fedchenkov got his MBA from Harvard University. Meanwhile, Dmitry Zhulin got the Ph.D. in Finance from the University of London, and he has been experienced in crypto-assets and Bitcoin. With their experiences in retail, tech, and e-commerce, together they make INS company become the first worldwide grocery market to connect manufacturers and consumers directly.
The founders of INS has experienced in the grocery industry for years. They develop Instamart, the largest grocery market in Russia that provides delivery operator. Instamart had more than 200 workers and cooperated with largest retailers and grocery manufactures in a country, including the FMCG companies such as Coca-cola, Mars, P&G, Unilever, and Pepsi co. After four years experience in Instamart, they finally found the inefficiencies in the grocery industry. Then, they create INS Ecosystem that provides fair ecosystem between consumers and manufacturers.
Besides Fedchenkov and Zhulin, INS is also managed by other professional teams. Dmitry Khovratovich manages the blockchain and smart contracts in the INS. He has four years experiences in this field and becomes an expert in cryptography for 12 years with 2,000+ citations. Moreover, due to its function as the global decentralized market, INS also has three great expansions team. They are Prabhakar Reddy for Asia Expansion, Frank van der Tol for Europe Expansion, and Michael Schmidt for United States Expansion.
For managing the relationship of global manufactures, INS put its trust on Fedor Lisitsyn. He is the MBA candidate for Harvard Business School and has experienced in FMCG sector. INS also gets the professional list of advisors as follows:
- Eyal Hertzog: The co-founder of Banco, Chief Architect of Product Development, founder of MetaCafe.
- Moe Levin: The founder of Bitcoin Conference at North America, CEO of Keynote.
- Michael Terpin: The founder of Transform Group and Coin Agenda, Co-founder of Bit Angels, successful PR.
- Rawi Abdelal: The professor of International Management in Harvard Business School
- David Wachsman: Wachsman’s founder.
- Dmitry Filatov: The founder of Topface, ICORating, and several ad-tech and crypto tech companies.
- Ilya Perekopsky: Blackmoon Financial Group’s co-founder
- Sebastian Stupurac: Wings’ co-founder, experts in decentralized platform and blockchain tech.
With all those professional and experienced people, INS’ purpose is to make the top decentralized market place for consumers. Moreover, it is also used by wide audiences by preserving a flourishing ecosystem of consumers that want to buy daily groceries with lower prices and manufacturers that want to sell their products directly to its customers. The main role of INS ecosystem is to build up the open source tech to run operating the platform and make a thriving model for all parties.
What Manufacturers that Join in INS Ecosystem?
INS Ecosystem is cooperated with over 500 manufacturers in the world, whether it is the local manufactures or the worldwide ones. Even, INS own great interests from Top global manufacturers such as Unilever, Valio, Borjormi, Reckitt Benckiser, and Friesland Campina. INS acts as the helper for manufactures avoiding the wholesalers and retailers so that they can promote and sell the products directly to the consumers worldwide. INS focuses their target in replacing trade promotions with more efficient and fair marketing by facilitating a direct connection between consumers and manufacturers.
To connect both consumers and manufacturers directly, INS creates online grocery as its target segments. Online grocery is predicted to develop from $98 billion in 2015 to $290 billion in the next 2020. INS creates online grocery market with several benefits that belong to consumer demands such as high-quality products, lower prices, higher expediency, and direct rewards or promotions from manufactures.
How INS Ecosystem Works?
As it has been explained, INS utilize online grocery platform to connect manufacturers and consumers directly. There are several ecosystem participants in making INS works well: the platform, consumers, manufacturers, and fulfillment.
- The INS Platform
INS create a platform for decentralized grocery market that let manufacturers connect, publish and promote its products for sale, create loyalty campaigns, and own feedback directly from the consumers. Also, the INS platform also allows consumers to purchase those products easier. The roles of INS platform include:
– Managing the INS token launch and creation.
– Elaborating the aspects of ecosystem regulatory.
– Developing marketing campaigns.
– Establishing fair, secure, and decentralized order execution.
– Releasing app and website for customer, workers, and couriers fulfillment app, and manufactures web interfaces.
– Creating efficient incentive model intended for parties to connect with INS ecosystem.
In the INS platform, there are some key components that important to understand. However, each participant only can access some components via its platform.
- Products: Products are sorted in defined parameters like category assignment, price, name, ingredients, volume, details, and others.
- Placing Orders: To pick what products, delivery options, and payment method.
- Product Search: To short and filters the products to buy
- Promotion: Get promotion as making first order
- Rating Score: Provide rating of manufactures and products. Consumers can give the rating without disclosing their identity.
- Product Search: Pick specific filtersan shorting methods for products.
- Loyalty: Set the reward type, product lists, expired date, amount, and others.
- Promotion: Set the rules of promotion and deposit tokens.
- Cross-Marketing: To create more sales, promote products to new consumers, find partners, and sell products.
- Feedback: Get direct feedback from consumers.
- The INS Manufacturers
In INS ecosystem, manufactures belong to individuals or companies who focus on the business of groceries, fresh products, and household items. They can be from local farmers, multinationals, or global ones. INS cooperates with several professional companies such as Coca-Cola, Unilever, P&G, Mars, Procter & Gamble, and so forth. The INS manufacturers own several roles include:
- Publish, promote, and sell products
- Deliver their products purchased by consumers to fulfillment
- Promote INS through promotions of their apps
- The INS Consumers
Consumers become the main target of INS ecosystems. They can be individuals or companies that purchase online good quality products at lower prices. To order the groceries, consumers can place their orders via INS app, INS website, or original apps from manufactures. The INS consumers also own roles include:
- Find groceries listed by manufacturers
- Make orders and purchase them
- Contribute to feedback demands
- Get a promotion, feedback rewards, loyalty, and referral.
- The INS Fulfillment
The last participant in INS Ecosystem is the fulfillment which belong to workers, center operators, and couriers. The center operators offer a place where workers receive products sent by manufacturers. The center workers have several jobs include:
- Collect products sent by manufacturers
- Pull products together into orders
- Overtake orders to couriers
Besides center workers, the fulfillment participants also refer to couriers. The INS couriers operate as independent contractors. The INS couriers’ roles are picking up orders from center operators and deliver it to consumers.
Why Should People Join INS Ecosystem?
INS offers a lot of benefits to the consumers who purchase products in INS platform. By joining INS, people can get direct interaction with worldwide grocery manufacturers. INS offer more benefits not only for the consumer but the manufacturers as well.
- Consumers Benefits of Joining INS
- Purchase products without wholesaler or retailers intervention.
- Get products with higher quality and lower prices than retail stores.
- Purchase the groceries online conveniently and easily without going out to the grocery store.
- Receive orders delivered right to the doorway without spending time for offline shopping
- Give feedback directly to manufactures
- Get promotions, rewards, or special deals from manufacturers
- Manufacturers Benefits of Joining INS
- Get full control for listing and pricing the products.
- Publish and promote products for making customers easily to order
- Offer fair prices for every product
- Own direct feedback from costumers
- Get new costumers and keep the loyal ones by offering promotion and rewards
- Get higher ratings and more consumers by offering promotion and rewards
What are Blockchains Apps in INS Ecosystem?
INS ecosystem’s platform utilizes Blockchain technology. It is a shared-database tool which mostly used for supporting digital currency of bitcoin. INS also uses smart contracts for managing the agreement of consumers and manufacturers where it is directly written into some codes. Smart contracts allow the reliable transactions between consumers, manufacturers, and other parties without the legal system, enforcement mechanism or central authority.
The INS ecosystem platform is also specially designed with a high-load system. It happens due to the large number of its users that reach into billions. Even, every user makes a lot of orders each year. That is why INS uses advanced blockchain and smart contracts which offers great performance and stability. INS decides to design and develop its blockchain platform for future which makes possible thousand transactions every second. Blockchain applications for INS ecosystem include:
- Smart Contracts
Along with smart contracts, blockchain offers technology for a new marketplace where provide reliable trading transaction based on business rules. INS offers several Smart Contracts to facilitate the sale systems.
In e-commerce, every payment process needs over ten different steps for resolving one transaction. Even, it involves up to 15 divide fees for paying the payment gateways. However, INS uses blockchain tech to cut these long route payments. Blockchain becomes the solution for making e-commerce payments more reliable and more efficient. By using blockchain for INS platform, the payment process gets the higher potential for fast transaction and lower prices.
- Supply Chain Management
INS is included as the e-commerce company. Each e-commerce company needs to own supply chain management for manufacturers, consumers, third-party sellers, logistics providers, and delivery service. In this case, transaction blockchain contains fixed fees, commission, and order details. All of it will be in the outward appearance of smart contracts, and those will be used for capturing delivery and return occurrences, documents, and others. The blockchain will record the whole process of the transaction, and all parties can access the transaction process.
What is INS Token and How to Use it?
INS ecosystem utilizes INS tokens as its core components. It is specially designed to facilitate the whole INS operations. INS creates its token as the essential element of its ecosystem and its economy. The INS tokens are fungible, divisible, and transferable. User’s token transfers and balances are tracked by INS system. Therefore, if there is a big problem such as the contract negotiation, token theft, and unsettling change of Ethereum procedure, INS could freeze the token transfers.
INS token is specially designed and planned to be the one and only exchange and payments for managing all kinds of rewards or purchasing process in the INS ecosystem. Moreover, INS plans to accept INS tokens as payment methods for its partner services.
Overall, the usages of INS tokens are divided into two types, for manufacturers and consumers. For the manufacturers, INS tokens can be used for rewards, cross-marketing, loyalty, promotion, and feedback. Meanwhile, the consumers can use INS tokens as the payment method to purchase products via INS platform. However, besides the tokens, INS also offers another payment method for the consumers. They can pay the products in BTC, fiat, or ETH (bank transfer). The prices and rewards will be different based on the payment method. Here’s what you need to know about INS tokens.
- Consumers can purchase INS tokens with minimum purchase 0.1 ETH.
- For every 1 ETH is same as 300 INS tokens.
- The Customers are only allowed to own 50,000,000 of tokens supply at maximum.
- The INS tokens are transferable as its ICO is reached
- Funds are returned as the soft cap is not completed
- No token mining, creation, or minting as ICO in at the end of its period
- The distribution of Reserve Fund’s token starts in 2019 and will be last for two years.
- Get 3% additional bonus when buying token using reference link
How to Use INS Apps and Website?
INS ecosystem provides the INS website and INS apps for connecting global consumers to manufacturers. In the INS apps or website, consumers can purchase a lot of groceries from global manufacturers and give direct feedback. Meanwhile, the manufacturers can use the app for publishing and promote their products. Besides, they also can get direct feedback from the consumers via INS app. The INS will publish its app with GitHub as open-source software. The INS app and website will be divided into some categorizes, as follows:
- The INS App for Fulfillment
The apps for fulfillment will offer information of fulfillment process, so the center workers and couriers can easily coordinate to each other, consumers, and manufacturers. The INS app for fulfillment can be downloaded on Android Play.
- The INS Web for Manufacturers
For manufacturers, INS offer web interface that can be accessed in a web browser. This one does not need installation requirement to perform whole actions. The manufacturers can use this INS web to list, publish, and edit the products. Also, they can manage the stock control, reward policies, consumers feedback, and set-up delivery options.
- The INS Web for Fulfillment Center Workers
Lastly, INS provides the web interface, especially for center workers. Similar to the web interface for manufacturers, this one also can be accessed in a web browser without installation. This web interface will allow the center workers to control and manage the warehousing fees, earning reports, and obtain statistics.
The INS app and website surely can be the efficient way and solution for online grocery market. It can facilitate the consumers, workers, and manufacturers in purchasing and payments process. Besides the app and website, INS also own Telegram: https://t.me/ins_ecosystem and Twitter: https://twitter.com/ins_ecosystem. Get closer to INS via Twitter and Telegram for new updates about discounts, rewards, and promotions of special products.
How to Join INS?
INS surely becomes a great marketplace for people who want to get groceries with good quality and lower price. Also, INS becomes the solution for busy people out there who have no time for offline shopping. On the other hand, global manufacturers can get some benefits as well by joining INS ecosystem. It is a truly wide-reaching decentralized ecosystem that is needed for all consumers and manufactures. Check its websites: https://ins.world/ for joining and supporting INS and getting further information about INS ecosystem.
Jan 15 2018
Bob’s Repair, Connecting the Contractors and Customers in Just a Second!
Bob’s repair will help you to connect with both contractors and customers with advanced technology. If you take a look at the experienced trade service, it revealed that a lot of trouble would appear. What kind of trouble? Everything. From the prices that too high, the efficiency that too low, to poor service. With this trouble happening in business, the founder of Bob’s repair relies on advanced technology to provide better efficiency, lower prices, and not to mention more reliable service. The first stage that the founder do is developing STWP a.k.a Skilled Trade Workers Platform. This platform is an automated SMS system that connects to other platforms via API. This technology works well, and the founders can identify a greater way of business through blockchain technology. This technology is the key to the formation of Bob’s Repair. In short, Bob’s Repair is here to help you utilize the power of blockchain technology so you can get a huge portion of more than USD 300 billion in skilled trade service market. How great is that, right?
The History of Bob’s Repair
Back in 2013, Frideric and Alexandre Prandecki, who is the founder of Bob’s Repair, formed the company which directly connecting consumers to contractors via their first technology which is the STWP. The Prandecki brothers worked hard to develop the STWP since they know the high price, poor service, and low efficiency will crumble the business of contractor-service companies. The STWP will help to provide a lower cost and better alternative enterprises such as HomeAdvisor and Angie’s List.
In just three years, Bob’s Repair grew significantly, thanks to the STWP. The Prandecki brothers got over 50,000 service calls and generated more than USD 1 million in revenue. Fun fact: Bob’s Repair started from a single small purveyor in Nevada, and over three years, they can build 100 purveyors all over the six states in the USA. The contractors mainly focused on many areas such as electricity, painting, plumbing, and HVAC. The STWP only depend on the small scale business model. However, the automated technology they have will increase the efficiency. It leads to improve the profit and scale of the business. For your information, the STWP handle all aspects of the business such as contractors, managing, and collecting payments. They go all out for contractors, hiring new contractors, managing the outsourcing of online advertising, as well as answering calls and messages from contractors by using a bot.
How does Bob’s Repair work? There are four steps on how this business works. The first is the business model. Through local online advertising, this platform will recruit both contractor and customer. The contractor must pay a flat fee that cost USD 75 per week. They will get many potential customers. They will get at least two customers per day on average. Two customers each day will make the contractor get paid on USD 5. Meanwhile, if you compare to another platform, the customer must pay USD 50.
The second step is the automated process. When there is a customer who saw the advertisement on the local online advertising platform, he/she will send a text or call the local number service available. At the early days of Bob’s Repair, the Prandecky brothers will answer the calls. Later, the qualified agents are the one who is responsible for this job. As for the text, the STWP will respond to the text message automatically with a response as well as connect the customer to a contractor. After that, the automated process will describe through an SMS API built on the cloud communication platform such as Twilio. This platform serves many customers such as Netflix and Intuit who are very significant with the traffic. The process also relies a lot on keyword technology. If the customer gets a message of “240 AC connection”, the STWP will send a message automatically to a qualified contractor that can have “a 240V connection for AC”. The system will learn continually to recognize synonyms as well as non-standard phrasing.
If there is a moment when a voicemail or message can’t be sent to the contractor automatically, the voicemail or message will be filtered to one of the human operators in Bob’s Repair. The operator will connect the customers for clarification. And then, the operator will also help the customer who used a landline. The operator will send a message to the customer. The human operators are not only helping the customers but also facilitating them with loyalty and satisfaction. For instance, Bob’s Repair will use the STWP to send a message such as “Merry Christmas” to both costumers and contractors to create the personal touch between the company and the customers as well as between the company and the contractors.
The combination of the business model of Bob’s Repair and the automated process will beneficial for both the contractors and customers. This business is a low-cost business model that can lower the prices for customers, and it can gain higher profit for contractors. Moreover, the automated process also helps to lower the prices as well as improve the scalability. For example, with the STWP, a single full-time employee can manage many contractors at one time, even he can manage more than 200 contractors. Also, the company will rely on a lower cost location workplace.
The Formation of Bob’s Repair
Since the company grows bigger each year, the Prandecki brothers recognize in 2017 that the STWP indeed provides a lower-cost and better efficient alternative of contractors. However, the efficiency and cost are still not fully optimized. Regarding with this issue, they develop blockchain technology. They learn deeper about this technology, and soon they realize that blockchain can reverse the three biggest problems in the skilled trade worker industry which are hidden advertising fees, review fraud, and inflated prices due to the lack of transparency price. As a result, they start the company with the STWP, and now they change into Bob’s Repair which is a Delaware Corporation. The goal of this company is to launch an organized marketplace that builds on blockchain technology. They hope that the advanced technology will allow both customers and contractors to connect each other directly. Together that will defeat hidden advertising fees, review fraud, and inflated prices due to the lack of transparency price.
The Market Opportunity of Bob’s Repair
For skilled workers, the market is very significant, and it can grow well with the backup of many skilled workers. For instance, in the United States, the skilled trade industry market alone is USD 340 billion in revenue as of 2015. From 2001 to 2015, there is improvement and maintenance expenditure on both rental units and owner-occupied homes in the United States. Furthermore, the amount of contractors in the United States also grows well. Until four years ago, there are around 2,5 million skilled trade workers. Each year, the number is always increasing.
The Industry Problems
Just like other businesses, there will be problems as the brothers continue to develop theirs. The Prandecki brothers realize that there are three significant problems while operating the STWP. Those issues are the main issues in the skilled trade industry. The first problem is review fraud. There are many consumers that can’t trust online reviews anymore because of review fraud. This first problem can arise in many ways. Some companies will purchase fake reviews to inflate their overall ratings artificially. Moreover, they also pay to remove the negative reviews of their service. The worst case when companies purchase fake negative reviews to degrade the ratings of their competitors artificially. This bad thing will result in the consumer who can no longer trust the reviews. They also can’t trust search listings such as Google, Yelp, or HomeAdvisor. Without real reviews, they can’t make the good decision. And they will choose the wrong contractor that has more professional fraud practices. This type of contractor won’t give best price or service.
The second problem is advertising fees. Many customers complain about the high price. They pay too much just for experienced trade service. For example, contractors will use a lot of money for advertising on existing skilled trade service websites. Contractors will pass the cost of advertising on to the customers. Because of this sly act, the customer must pay the high price to help the contractors pay for the advertising.
The last major problem is transparency price. Because of this problem, many customers don’t know the actual price. They purchase services, and they pay the unfair price. For example, an existing skilled trade service website will make the customer pay for USD 400 just to replace a toilet. Unfortunately, the consumer doesn’t know why they have to pay USD 400 just to replace a toilet. They don’t know what kind of new toilet and the service that they get, they also don’t know the fee for the new toilet and the fee of labor. As a result, the consumer will pay a high price to install a new toilet when they just have to pay below USD 200.
The Solution from Bob’s Repair
The Prandecki brothers put their position as consumers. If they experience those three problems above, they will be made over the contractors. So they don’t want this happen to another consumer out there. They make solutions to these three major problems with Bob’s Repair. They develop the Bob Application to be a platform that focuses on how to eliminate review fraud, eliminate intermediaries to lower the prices, and allow customers to find contractors based on how the contractor charged and handled for a similar job. This application also provides a service called ‘a smart-contract escrow’ service to make sure that both parties are protected while they are transacting for a home repair. The blockchain technology contributes a lot to developing Bob Application. The application can be downloaded from iOS and Android. It can also be accessed from the website.
To eliminate the fake reviews, Bob Application will use blockchain technology to control the review fraud. The STEEM blockchain that the app used has a feature which is three second transaction time and no transaction costs. These features will help the app to store all the financial transaction on Bob’s Repair. After that, when a customer and a contractor leave a review, Bob’s Repair will give the review and put it to the real-time financial deal. The review link contains actual financial transactions. So, the customers can trust the review again. The review is a real review from a real customer. It will provide better information for customers, and it will lead them to make the good decision.
As for the advertising, Bob Application wouldn’t support any type of advertising from the contractors. It will lead to burdening costumers to pay for the advertising cost. Also, the contractors can’t buy advertising on Bob’s Repair. The STEEM blockchain is run by merit, so the function of upvoting, user reputation and flagging posts are checked by Bob Application. For example, if there is a contractor that has real positive reviews, then this contractor will have a more significant presence. This method will eliminate hidden advertising costs automatically.
The last problem is the lack of transparent pricing. The app, of course, will have open pricing. The app will provide the cost of the service for each review. The price will be divided into the labor and material costs transparently. The customer can search review easily. They can also determine the actual cost for both labor and material for a certain service. The transparent pricing will lower down the price and fight inflated costs.
Bob’s Repair also provides an escrow service. This service will make all the parties involved protected in a home repair transaction. There is a case when the contractor mismanage the fund that they get from the client and they can’t finish the job. Meanwhile, the customer forgets the term of an agreement. So, both of them can’t get what they want. With the smart contract, the money for the job will be used well. Thus, both parties can be protected. The contract also used to manage the money between the customer and contractor. The job agreements and reviews will also be stored there. Follow their social media on https://twitter.com/bobsrepair or https://facebook.com/bobsrepairscom for the latest news.
Posted by : kurniawan05
By admin • Business Tips and Ideas, Commercial Property, Construction Industry • • Tags: connecting, contractors, customers, repair, second