Newton's social economy, building a thriving business on the blockchain

In the days that we are feeling the earth-shaking change that Internet technology brings, the footstep of change is continuing to step forward as before.After more than 20 years of growth, e-commerce, a major economic growth hotspot that has changed people's business model and lifestyle, has finally ushered in an era of law-based and comprehensive rule of law.The law on electronic commerce contains detailed provisions on issues of social concern in various aspects.So that the e-commerce industry from the brutal growth, more mature.However, before the introduction of the electronic commerce law, the e-commerce industry had long gone."Traditional e-commerce costs rise, both buyers and sellers benefit less

Under the condition of Internet technology, e-commerce uses electronic flow instead of physical logistics, which greatly reduces manpower and material resources, and reduces the cost of business operation;At the same time break through the time and space constraints, making trading activities can be carried out at any time, any place, greatly improving the efficiency.E-commerce to the public shows a thriving scene, familiar, whether online vendors or consumers, their interests are also under the cover of the Internet has been eroded.
Reality, as Mr blockchain, founder of the Xu Jizhe project, points out:"Platform is a closed thing, inside the rules of the game is to control the development of the platform, you can only use. In the early days of e-commerce development, under the intense competitive environment, some e-commerce platforms let merchants to enrich their own platforms with free entry to enhance their competitiveness. Merchants operated at a low cost, thus enabling buyers to buy goods at relatively low prices. The increase in platform traffic attracted more merchants to enter the platforms, and e-commerce platforms were able to take the lead in this competition.When it is the turn of the platform to make a reverse choice, a large proportion of business service fees will be charged to the merchants. After the merchant operating costs increase, the product price will be raised to support the operating costs.And consumer had formed on platform "inertial" consumption, the rise of the price also may not be aware of.
There is also an unrecognized problem: consumers through the purchase of buying platform to bring huge flow of revenue, but not only from the benefits of this big cake on a lick, and have to pay more.
Mr Xu Jizhe also argues that "the architecture of traditional e-commerce platforms is essentially a closed platform managed by a profitable company." The industrial revolution, capital, shareholders and corporations have brought people and resources together, forming profitable companies that seek to monopolize, dominate the market, pursue profits, and even create conflicts of interest between the company and consumers and employees.Obviously, has continued until now this kind of pattern, is not advantageous to constructs the harmonious altogether wins economic development environment, actually is difficult to break through in the traditional organization structure.

And the new technology blockchain technology that develops increasingly, just can make real change to organization knot, collaboration mode and incentive mechanism.From the perspective of incentives, "everyone contributes, everyone benefits" should be a better business model.It was in this way that Newton's team, which launched Newton, was inspired to use technologies such as blockchains to create an economic model in which everyone contributes to and benefits from economy, a community managed by a nonprofit foundation.
To build the social economic infrastructure, Newton has its own clear positioning, that is, the public chain for business, Newton will be for commercial applications to optimize the technology.Newton technology has three layers, the top layer is the application layer, a variety of dapp, wallet or mall category, insurance or financial lending and so on.The middle layer is the super exchange protocol,Based on this protocol, development can be applied easily.The platform established by Newton agreement, unlike the traditional centralized platform, will not extract fees from the transaction, increase transaction costs, but will turn this part of the transaction costs into profits, returned to the participants in the transaction process, thus ensuring that more people benefit.New ideas and new technologies to generate new business models and businesses in the business world, vision must start in areas that benefit the majority and create greater social value.
For business, the scene of Newton's first application landing is chain merchant retail. Newmall, a multi-center platform based on Newton protocol, is a commercial dapp. It provides consumers, suppliers and other participants with incentives according to the value of their contributions.Newmall will change the relationship between users and platforms in traditional e-commerce from confrontation to win-win.In the new mall, without a for-profit commercial intermediary, the seller ’ s transaction costs will drop dramatically, and participants such as consumers and service providers will receive a Newton token based on their contribution.Newton wanted to build new mall's business without changing the user's payment habits and payment scenarios.On January 10, Xu Jizhe, the founder of Newton, met with representatives of offline businesses in new space-sanlitun and arranged for the newmall team to exchange products with the online newmall technology implementation process.In this quarter we will usher in the application of new mall, the upcoming blockchain on the "online shopping" is very much looking forward to.

Original: dream chain world wide web