Revolutionizing The Online Shopping Experience Through Blockchain

Hi. In this post, we will tell you about the online shopping problems and their possible solutions.

Blockchain and other DLT technologies, either via cryptocurrencies or Smart Contracts, are often described as “trustless” technologies. They allow users to transact with one another without needing to rely on intermediaries they trust, such as banks or notaries, in order to ensure that the transaction takes place in a safe manner. Yet, in this DLT world, the lack of trust is only limited to the wallets rather than the people themselves. If we’re going to look at e-commerce in general, sending payment via cryptocurrencies will ensure that you can irrefutably prove that the transaction took place – as everyone has the same copy of the same ledger – yet there’s no way to prove that the recipient will actually send over the goods.

While the banks or credit card companies can verify that the money has been sent, the sellers still need to be trusted that they will deliver on their promise. Similarly, the seller has no guarantee that the buyer, when asking for a refund, is truthfully going to claim that the item failed to arrive or arrived in a damaged state. 

We are now at the point where we have the technologies needed to build systems that can establish instant trust between people without sacrificing anyone's privacy. One of such technologies is the blockchain.

The revolutionary Kernel-Trade platform provides a unique payment system and Kernel Wallet. Kernel-Trade is a financial start-up, designed to compete with any brokerage company, crowdfunding platforms and payment services in the world. The blockchain allows banks to upgrade inefficient processes:

• The blockchain makes transactions cheaper by cutting out intermediary banking costs. 
• The blockchain can complete transfers in minutes. 
• The blockchain can unequivocally confirm delivery each and every time.

Kernel Wallet is a service that offers users the same name tokens with more than 20 foreign currency accounts, between which you can transfer money without bank charges and at a favorable rate. In addition, on the Kernel account, you can store, spend and exchange cryptocurrency.

Electronic money platform includes:

 ● wallet

 ● peer-to-peer transfers

 ● cryptocurrency integration through Coinpayments gateway

 ● KYC module (internal storage)

 ● Integration with Fiat Gateway (bank and payment system)

 ● advanced KYC module (integration with IdentityMind)

 ● Star Bridge (Stellar)