Konnect E-Commerce Platform

Konnect has B2B infrastructure constructed by duty free distribution business and provides goods and services at the competitive price to KCT membership holders as the top tier operator of a market. The product trading in e-commerce is reliable due to our preemptive purchase and distribution and It works as attractive point that digital asset can be paid.

The member assigned our membership level by KCT staking enjoys various things, e.g. purchasing luxury goods with discount benefit, or travel, accommodation services and etc. registered on our platform through claiming accumulated reward in accordance with the term of staking activation is passing. More than 50 distributors as our strategic partner already have more than 60,000 goods and services so our users choose diverse benefits on their needs and requests.

Figure 05. Screenshot of E-Commerce Platform, MVP

Konnect e-commerce is the integrated online platform and record the process of purchase by every stage, so that can be verified. The user gets NFT certification of authenticity by confirming the purchase after the user purchase specific goods and a delivery is completed on our e-commerce.

NFT certification of authenticity is recorded in encoded hash data all the details of brand name, product number, serial number, purchase date, origin and etc. The purchaser on e-commerce can use NFT certification of authenticity as securing reliability of transaction when selling their purchased goods to other user on our community. When P2P transaction is completed through this NFT, it is transferred to the receiver, then will be worked as means proving consistent reliability on the transaction in the future as well.

Figure 06. Basic Flow Diagram of NFT COA

Konnect e-commerce records the classification by each process on off-chain of blockchain to prevent the bottleneck state occurring on the transaction process containing all the details of transaction and handle large amount of transaction simultaneously. We secure the transparent distribution process through applying the system that verifies relevant details by decoding the hash data on off-chain through the verification key on platform after recording the verification key to inquire details of specific transaction or distribution later on. When it is confirmed that e-commerce stably processes the large transaction as it designed and the linking between B2B operators is completed, we can offer the distribution data in much more sophisticated shape to our partners and users. All through this work, we can realize the optimal transaction efficiency by securing various transaction route with standardizing propensity of consume or advancing the platform algorithm to enable the transaction in new shape.