- The price of goods for end consumers is increased due to middlemen (wholesalers, distributors, etc.)
- Buying.com aims to disrupt the space by creating a vertically-integrated fulfillment and delivery platform
- The BUY token and Buying.com blockchain platform will serve as the backbone of the entire service
As many know, the price of goods found on the shelves and websites of retailers like Walmart (NYSE: WMT) and Amazon (NASDAQ: AMZN) are not representative of the prices for which the goods were originally bought from the manufacturers. Distributors and wholesalers are the intermediaries that first obtain these goods from manufacturers and then pass them off to other distribution channels or directly to retailers/customers. Each intermediary in this supply chain aims to make a certain profit, which is ultimately reflected in the price consumers pay.
This is where Buying.com comes in. It aims to use the distributed ledger technology first pioneered by bitcoin (Crypto: BTC), as well as innovations in real-time logistics and e-commerce, to allow small businesses and individuals to band together and act as a single giant…
More from CryptoCurrencyWire
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
CryptoCurrencyNewsWire is where News, content and information converge via Crypto.
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.418.1217 Office
Editor@CryptoCurrencyWire.com