VANIG.io

- Juni 09, 2018

Executive Summary
Vanig is an integrated E-Commerce platform and Supply Chain Ecosystem that is powered by the blockchain. It is a known fact that Supply Chain has not evolved fast enough in today’s E-Commerce age. Vanig aims to solve that by addressing some of the significant issues plaguing Supply Chain for the manufacturers and sellers, and also equally important is Vanig’s E-commerce platform that will be a truly rewarding shopping experience for customers, as they will get good product selection, real reviews, save money, get rewarded, have access to product provenance information and track and trace, making shopping trustworthy again.

Introduction
E-commerce is a global activity amounting to trillions of dollars’ worth of trade. Middle class spending will triple by 2030; the sharing economy could top $300 billion by 2025; more than 1.4 billion people purchased a product or service online in 2017; the gross total value of B2B e-commerce topped $20 trillion the same year. We are addressing a global market with potential outreach to emerging and established economies.

E-commerce is quickly taking over in emerging markets and it’s predicted that this year the majority of large emerging markets will have more online buyers than offline. The message is clear: e-commerce becomes the new channel in both developed and emerging markets. Despite the remarkable growth, the global e-commerce industry is still typified by two large and interrelated problems - supply chain inefficiencies and e-commerce shortcomings. We aim to solve these problems with Vanig.

Blockchain Technology in Supply Chain and E-Commerce
To understand the benefits distributed ledger technology brings to a supply chain, let us look at a very common supply chain scenario that e-commerce retailers handle day to day, managing and controlling a complex chain of third-party vendors, logistics carrier providers and suppliers. A customer places an order, the order is passed on by the manufacturer to the retailers who dropships the goods through a third-party logistics provider. The product is then transferred by a long-haul carrier who passes it to a local carrier for final delivery. This scenario is illustrated below, the green arrow depicts the flow of information (custom and successive purchase orders through the supply chain) and the blue arrow shows the product flow.

This long chain of delivering goods also include several parties, their commissions and negotiated shipping rates. This starts from ordering the goods, the tendering of the load, shipment tracking, delivery confirmation, and settlement of the extra charges in a heterogeneous environment.

Vanig Token Sale
Vanig is an ambitious project aiming to revolutionize the world of e-commerce with a robust supply chain support system. Vanig is conducting a token sale to allow stakeholders and become part of the Vanig ecosystem. All token buyers and contributors will receive ERC20 exchangeable Vanig tokens on the Ethereum network. The ERC20 token is accepted for exchange to a new token on a one to one basis with the VANIG token. The Vanig token is a core component of the Vanig ecosystem and is designed to facilitate a wide variety of operations that make the token an integral part of the ecosystem and the driver for its economy. It is fractionally divisible, transferable and fungible. Token balances and transfers will be tracked by Vanig. To mitigate risk from unforeseen circumstances such as large token theft, contract compromise, or a disrupting change in the Ethereum protocol, Vanig may opt to freeze token transfers and issue a new token contract with balances replacing that of the original token registry by a certain date. In the event of an Ethereum fork, the Vanig team will timely announce which branch it will support.

Allocation / distribution