Purpose of Blockchain Introduction
Last updated
Last updated
There have already been the payment service projects (e.g. Crypto.com, Swipe) that published a real card based on their membership for digital asset users for years ago. But they clearly show the limitation of arbitrager without real distribution structure. Whether or not they have the license of legacy financial business (e.g. Master, Visa, and etc.) determine the existence of that on a real card payment business. Besides, there is the limitation of simple arbitrager that don’t reserve the infrastructure facilitating a commodity distribution. They can’t offer competitive benefits in comparison with other legacy financial services and are insufficiently competitive, so the users don’t actually feel of effective additional benefits and ease of use. Konnect can provide competitive services than any other projects by our B2B sourcing, distribution, fulfillment infrastructure accumulated through business experience and field extension for the last 10 years, and provide the benefit actually felt by the membership users with the price reduced retail margin. We can do because we are the influential physical commodity transaction operator in global market beyond South Korea market in the basis of securing powerful strategic partners and solid infrastructure. We expect that the more economic scale that has digital asset as a medium increase along with the growth of Crypto market, the more needs for services offering benefits of real economy through digital asset will explosively increase. We will enter into the market step ahead and be the leader position of the market that don’t have unrivaled company with sufficient infrastruc- ture satisfying the needs of users in the present situation.
Konnect has experienced various issues occurring in the process of distribution and delivery and each country’s regulation like Foreign exchange transactions act in the progress duty free distribution business. There were attempts to use the exchanger based on the reliability of blockchain and adopt digital asset to duty-free distribution business to resolve these issues but there has been not the reduction of the business risk in each distribution section due to impossibility of verification for each section. We minimize the risk of existing business structure and allow much faster processing speed of transaction by integrating KCT membership to existing B2B business field. We can efficienate chronic inefficient process occurring in the current duty-free business structure through this. On the other hand, even though the limitation of physical distance and each country’s regulation are overcome, the entry barrier of transaction in the structure of existing duty free business is still the limitation that draws out a potential demand. If the platform integrating global market is constructed to solve this limitation, that makes the result of securing new market and thicken- ing users. Using e-commerce platform of Konnect adds additional sales of B2C market based on digital asset to business structure concentrated on B2B market. This works as the risk hedging as business field is diversified fundamentally.
KCT is the utility token that focuses on offering benefits to our users through the membership program and concentrates on securing users for this. If the legal system is renovated and Crypto mass-adoption are achieved later, KCT can build extensible platform capabilities based on stable liquidity. We can secure the firm market position that existing other projects could not achieve, on the basis of the economy based on digital asset in global Fintech market which will be reorganized according to the extension of KCT function. If legacy financial business and companies dive into this market with the mass-adoption of Crypto, the entrepreneur that has built the digital asset ecosystem on the basis of the strong point in existing market will make inroads to legacy market and extend a business field more quickly in a rapidly growing market.
Konnect can improve the process reliability by offering the interface that inspect the hash data on blockchain encoded from our reserved logistics information and the details of production and distribution. We have the stronger point on figuring out a current situation of our partners on every step-by-step process than any other competitors by using end-to-end transaction process in distribution operated by us. On the basis of this infrastructure, NFT transaction certification is minted and given to the user when the purchase on our e-com- merce platform is completed, therefore the higher reliability maintains on secondary or tertiary transaction as well. Konnect expands the reliability formed between existing B2B operators to global P2P transaction by offering NFT transaction certification, and aims to extend the scale of transaction activation. Konnect community works as a bridgehead for this process. The users of our community check the certification of authenticity by NFT transaction certification, then proceed at one time from P2P transaction to delivery out of the limitation of distance through our fulfillment.
