Application of the blockchain distribution process
PreviousAutomated direct transaction platformNextImplementation of overseas remittance and exchange system
Last updated
Last updated
The application of blockchain in the distribution field can be explained as follows.
USER, SELLER, and BYK PLATFORM All three entities are on the blockchain network. Each action performed by each participant creates a block. USER orders first. BYK PLATFORM will create a block and display a 'Proof of Work', so that SELLER will receive an order for product delivery.USER makes a payment to continue the block on the BYK PLATFORM and creates a 'proof of work. SELLER ships products to customers, again generating blocks and 'proof-of-work' in the process. This process is recorded by the IoTsensor and included in a block, and participants can check these contents in real-time.
Conformity and transparency will be guaranteed by smoothly sharing information on personal purchases between entities participating in the overseas direct purchase and by distributing and sharing information, as well as increasing trust among consumers using the overseas direct purchase as data cannot be forged or falsified. BYK will apply blockchain to the distribution field of products to verify authenticity, prove origin, and secure transparency and reliability of the information.The application of blockchain in the distribution field can be explained as follows.
USER, SELLER, and BYK PLATFORM All three entities are on the blockchain network. Each action performed by each participant creates a block. USER orders first. BYK PLATFORM will create a block and display a 'Proof of Work', so that SELLER will receive an order for product delivery.USER makes a payment to continue the block on the BYK PLATFORM and creates a 'proof of work. SELLER ships products to customers, again generating blocks and 'proof-of-work' in the process. This process is recorded by the IoTsensor and included in a block, and participants can check these contents in real-time.
Conformity and transparency will be guaranteed by smoothly sharing information on personal purchases between entities participating in the overseas direct purchase and by distributing and sharing information, as well as increasing trust among consumers using the overseas direct purchase as data cannot be forged or falsified. BYK will apply blockchain to the distribution field of products to verify authenticity, prove origin, and secure transparency and reliability of the information.
