WORLDBIT

WorldBit - Create an AR Ecommerce Transaction Destination with Blockchain

Introduction

WorldBit represents A real business approach to blockchain to absorb the legacy portals of e-commerce and brick-and-mortar service companies.

Connect consumers and businesses with sought-after, distributed sales channel proximity to mobile and immobile merchandise.

Business plan summary

WorldBit is an in-depth AR (Augmented Reality) e-commerce experience for businesses and individuals. It offers extended capabilities for legacy e-commerce services without a centralized supply chain. This does not impose excessive costs, nor does it expose buyers to risky deals. , Alibaba, Amazon, and even all mortgages, leases, and leasing industries, into the hands of their respective users. WorldBit increases transaction volume through "transaction accelerators," an Open Source affiliate marketing program, and settles transactions in digital currencies of intrinsic value rather than speculative.

WorldBit functions as a clearinghouse for tokenized objects, and is partially sophisticated for users in exchange for exclusive rights to mediate the intended item.

• Users are created through the KYC process from scratch to encourage responsible use of the system.
• Users then make sales of "portals" and "objects" used on the GPS grid and can be viewed through mobile apps.Toys can be searched and sold from their desktops through various affiliate sales channels. Stents can be non-moving properties, or moves, and the WorldBit system connect buyers and sellers on the go.
• Optionally, users can do their objects to WorldBit to sell, and users in turn receive a percentage of what becomes tokenized merchandise; this can be imagined as how a person can transact at a pawn shop. 

Then up to 27% of the resulting value can be prepaid directly to the owner in the form of a WBT token; the rest being due when the final transaction has been completed. Products should not use OSAM Sales Accelerator; they can only declare their requested price and offer for sale.

Because of this feature, WorldBit has a direct appeal to two different markets: one is 46% of the world's population without an internet connection; the other is countless additional millions of businesses that do not have any online presence.

Sales Portal online business model requires improvement in the light of progress in the benefits of blockchain technology.WorldBit technology allows 1) a cryptocurrency supported by commercial goods; 2) mechanisms for free buyers and sellers to narrow in on the best format for their transactions [ie rent, auction, buy]; 3) methodology to ensure that this relationship is sound from the beginning.

Worldbit's Augmentedreality Ecosystem Building Intrinsic Value Out Of Anbelum Harnessed Economic Supply Chain.

1. The WorldBit broker agreement creates a liquid, direct capital value with each and every part of the tokenized merchandise being a WBT token.
2. New vendors and new products were quickly brought in by users, who soon expanded vendors and basic products.
3. The flexibility of the WorldBit transaction environment enables companies and individuals to quickly fit their needs.
4. WorldBit offers Sales Accelerator for fast sale of goods using new sales channels.
5. The transaction builds a reliability database for buyers and sellers written in the blockchain.

WorldBit allows, for the first time, to freely walk the street and add sellers after the vendor to an online mall; adding their products or services to directories, and allowing them to be contacted across the internet by all means.

Use Case Studies

The WorldBit suite application has significant power to disrupt the legacy industry it replaces. In this document we are referring to the concept for some use cases with offline and online elements. Some use cases are presented here to highlight the architectures and benefits that the ecosystem provides.

For Users

As an individual, I may have some old farm equipment in my backyard that I do not need anymore, but my desire is to get a Samsung S7 smartphone and a new truck. I live in a village in Uttar Pradesh, India.

For Business

A business owner will want to maximize sales through the WorldBit system. They may deploy the maximum amount of goods they have in stores, warehouses and with distributors, and show these on a GPS map along with relative price points. They may engage any sales channel they are eligible for based on commission requirements. A vendor can tokenize as many items as they want through the WorldBit system, allowing payments to other vendors selling raw materials or to people offering services.

For Sales Agents

For independent sales agents and other sales contractors, the WorldBit system is a dream come true. Every kind of object imaginable in human experience, moving and non-moving, becomes available for them to sell. With such tremendous potential for commissions, sales agents have ceiling income is almost limitless.

Rent, retail space and properties can all be managed in the WorldBit system. In the end, the WorldBit system subsumes even Airbnb and Uber. For example, you can add a portal for a guest room in your home, or you can add an object like your car and put "rent" on it.

Worldbit Has Proof of Concept As Well As Working Prototypes Which Have Been Tested And Being Used In Some Business For All Of Its Technology.

WorldBit has on-site affiliate marketing agreements with over 25,000 marketing professionals in 12 countries worldwide, with offices in Singapore, Delhi and Kuala Lumpur. WorldBit has the first software implementation for Open Source Affiliate Marketing (OSAM) system, as well as for the WorldBit Explorer Augmented Reality (AR) app for Android and iPhone. It has been a technology partner for personal PoS (Evidence Stake) marks in operational beta for more than nine months.WorldBit is also the creator and operator of ValueBit.com fiat market which serves six countries in Southeast Asia.

this arena has provided proof of concept as well as beta testing for all major platforms that have culminated in WorldBit integration.

Each block posted to the WorldBit blockchain will contain anonymous information about a particular vendor, product or individual. Data encryption is done in a way that allows only certain groups of authorities to attract relevant data for their own use.

WBT Token and Technology

The WBT Wallet Wallet is built into its mobile application, WorldBit Explorer.

WorldBit has an on-site agreement for launching the second generation of cryptocurrency after this ICO launch coin stage. WBT's tents are delivered through WorldBit's first full port on MyEtherWallet to mobile devices.

Token WBT will convertible in and out of fiat currency through exchange exchange, ValueBit, or through other. 

The WBT Token takes place on the Ethereum platform for ICO as ERC-20 tokens, and this token will also be used in the phase of one of the WorldBit Explorer ecosystems.

The WorldBit API platform-agnostic, and data can be stored on any blockchain or server. The key here is that the proof of concept is completed. WorldBit engineering focuses on keeping low cost and high throughput transactions for users during the benchmarking phase of deployment.

Vision and Value Statement

WorldBit's vision is to restore all power to individuals and businesses, and to increase routine trading to the highest possible state of direct and decentralized user satisfaction - saving everyone involved time, effort and money by eliminating incidental costs, advertising, and costs high transaction, and reduce fraud at every stage. 

Advanced WBT features

Commercial Activity Ledger

Commercial book activities are the backbone of the WorldBit ecosystem, providing decentralized capabilities validating customer and vendor activities. Book activities facilitate the trust of customers, stores, merchandise and sales channels across many different domains. Any party who can prove activities by merchants - whether retailers, customers, or sales channels - can contribute data validation to the general ledger; and those who can access the ledger entries can potentially derive value from the data, in accordance with the terms of data sharing determined by contractual agreements between the participants.

Spam resistance

We can think of any entity capable of validating the seller or merchandise as a "validator," noting that each validator is only as valid as the rating that it owns. For example, the user "JoeBanks" has performed 35 transactions, receiving an average of 95 out of 100 positive entries for his performance. The merchandise he has sold has reached 100 out of 100 satisfaction. So when JoeBanks validates the Sales Portal, it has a higher credibility than "CyburD00d," which, without its own validation, has been spamming the portal with 0 Ratings since it entered the system.

Credit Card as Cryptocurrency Wallet

WBT can be stored on every user's credit card using its alternative finance framework.WorldBit offers a swipe-card dongle for mobile devices that reads the customer's credit card and uses it as a digital address in the WBT system. This card is further validated with the user's own password for the account, which given at the time the transaction is made.

Verify activity

The primary value of the activity ledger is the ability to share customer and vendor data to facilitate transactions by participants in the ecosystem. While each particular user has control over the data they share in individual activities, there is an incentive to allow public sharing with less protection. These activities include but are not limited to:

• Access to certain details of a purchase activity to indicate buyer qualification to engage high volume merchants.
• Times transactions show how long a buyer can expect to receive a purchase.
• Sales satisfaction indicates the probability of each given buyer who is satisfied with their experience in dealing with the given seller.

Token-Driven Ecosystem

WBT tokens bootstraps its own transaction ecosystem, starting with a sales agent promoting ICO. In what follows described three stages of a token-driven ecosystem built around a transaction platform, which can be exchanged for local currency in an arbitrary amount.

Token as an Incentive for Participation

Initial participants receive tokens for their financial contributions to the ICO project. In the manner of purchase, the owner of the other sign system will be offered a WBT token in exchange for their tokens on their current multiplier shares.

Smart contract for Activity

Once the WBT blockchain is inhabited with enough users, the further role of the WorldBit system is to facilitate the implementation of smart contracts between the parties in the ecosystem using WBT as currency and fuel for network activity. Any two or three parties can make a smart contract describing the activities to be performed.

Distribution plan

Combining all of the above aspects, WorldBit acts as a platform to serve customer-oriented needs in a flexible transaction format (ie selling, renting, auctioning). As a platform provider, WorldBit's main mission is to deploy the core stage framework of the stage, while allowing developers to create add-on applications and existing online bidding services. The WorldBit platform has no known predecessor in the world of sales or social networking.

Growth plan

As part of the initial ecosystem development process, WorldBit has intercepted initial clients for its established Affiliate Marketing program, as many of WorldBit promoters have a familiarity or participation in various sales channels. WorldBit will then identify key industries where large quantities of goods can be tokenized into WBT, and in turn the marketing team will identify the participants who will most quickly increase the token value.

Fundraiser and Distribution Token

210.000.000 Token will to do a public offering. 25% offered at ICO. The US or China customers can tokenize their merchandise rather than buying what their state considers unregulated securities, at the end of the ICO process.Because we are building an intrinsic value platform sign as described in the ICO Guide, a platform that we will eventually upgrade to tokenize overflow additional demand for goods without diluting emissions, and this function will also allow to buy another company or sign system. WorldBit has a business strategy to grow with acquisition (M & A).

Worldbit Budget

Founder -10% total

Management team

Please see our website at www.worldbit.com:

Mahesh Sharma, Chairman

Stuart Trusty, CEO

Sanjiv Gupta, COO

Ajay Pandey, CBO

Nitesh Chopra, CFO

Claudio Torres, CTO

Coinfabrik

Glossary

Affiliate Marketer : an independent sales agent or organization that employs their own commission structure to offset their marketing power.

API : a set of programming libraries and functions that allow outsiders to interact with a particular system infrastructure.

ERC-20 marks : marks made on the Ethereum class smart contract platform that easily allow point to point exchange tokens and are considered the safest standards.

Intrinsic value : has a bound value of capital goods, as opposed to a speculative value in which only the market decides the arbitrary value without the underlying collateral.

Smart contract : agreement automatically applied between two or more parties in the ecosystem, mapping a series of activities for the ledger of the operation to be executed.

Token Effect : a community of established exchange rates, which assigns value to a given activity or service.

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