ECOMMERCE: CXCG MARKET PLACE
Based on blockchain and distributed ledger technology, the CXCG Marketplace can offer the safety of eBay or Amazon but with ultra-low fees. Sellers will be able to list goods for free as long as they are active business users with a cxcg merchant account. The cxcg Marketplace offers a decentralized blockchain based rating system for users, merchants and businesses so those they have traded with can offer feedback to ensure trust and reliability. There will also be a ratings and reviews system for verified purchasers of products. The ratings system will be much more detailed and granular than traditional platforms, enabling reviews of the entire supply chain and the components of a product. Standard fees will be no more than 3 percent, but as little as 0.1 per cent for high volume/high-trust users, or totally offset under the cxcg Rewards program. Our goal is to partner with major retailers to list their products and use blockchain verification of their supply chain to ensure transparency so that consumers can select goods based on environmental considerations, or the labor conditions under which the goods were produced. We believe that giving consumers more information and power can help the marketplace drive ethical consumption.