Crypto News & ICO Reviews
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The global B2B market spending is worth over $76 bln, with $16 bln being attributed to international trade volume. Whereas LinkedIn connects professionals and Facebook connects people with their friends, there seems to be no digital platform to connect businesses with corporate buyers and sellers. International trading is paved with challenges that make corporations miss out on the opportunity to build trust with their partners. Establishing a personal connection with a company in the digital area is tougher than ever.
While there’s a social platform in every major domain – friends connect on Facebook and job seekers turn to LinkedIn for a chance to land their dream job – in business, B2Bs lack a platform of their own. Most buyers and sellers engage in time-consuming meetings that can take months before signing a deal and starting a collaboration.
The problem with B2Bs goes beyond the inability to connect on a personal level. Restricted transactional transparency, difficulty spotting viable buyers/sellers, limited trust when doing international trade, and inefficient B2B advertising are core issues the industry has to deal with on a daily basis.
It’s time for B2Bs to go beyond borders with Blockchain
The conventional B2B business model lacks transparency. Validating and qualifying good buyers and suppliers is easier said than done. Most people read about companies they would want to establish a partnership with. They rarely have time to travel thousands of miles to meet with business partners in person.
A new Blockchain-based project aims to change the B2B world, streamlining the way companies and corporations do business with each other. TraDove is a Blockchain-based company that aims to become the LinkedIn of B2Bs across the globe. The scope of the project is to develop a scalable business-oriented social network that brings corporate buyers and sellers together on a seamless, easy-to-connect platform.
As opposed to other companies launching ICOs, TraDove prides with a business model that’s more than a mere concept. The company already has a fully-functional, mature web platform, an iOS mobile app, and a business social network with over 100,000 companies and 250,000 corporate users from 80+ countries including China, US, Switzerland, Japan, Germany and South America.
Built on Ethereum, TraDove uses the smart contract account model to solve trust issues of many companies doing B2B transactions. To ensure activities happen in a risk-free, secure environment, TraDove leverages the Blockchain to vet and authenticate all users. The end goal is to become a safe haven for international B2B transactions. With TraDove, companies can develop trust with partners, facilitate collaborations and promote international trades through vetting, reviewing and authenticating buyers and sellers with Blockchain.
A decentralized B2B 2.0 model
The traditional B2B industry is product and market-oriented because buyers and sellers must wait for others to find them. A decentralized B2B 2.0 model is a dynamic ecosystem where businesses can find each other and establish trust faster and a lot easier. TraDove’s uniqueness lies in its BBCoin token, the platform’s official digital currency developed on Ethereum.
Corporate buyers and sellers will be able to use TraDove for free. BBCoins have several core uses split into three phases: empowering buyer and seller interaction (phase 1), B2B precision advertising (phase 2) and international trading with Blockchain (phase 3). The TraDove team made of top-tier specialists, business executives and former CEOs from Amazon, LinkedIn, MIT, Alibaba and Facebook.
The ICO raised $4 mln from well-known industry specialists and advocates of Blockchain technology, such as former CEO and Chairman of Bank of America, Richard Rosenberg, Phil Duff Former CFO of Morgan Stanley and Gerhard Schulmeyer former CEO of Siemens, Inc., among others.
TraDove’s plans to raise $52 mln in hard cap throughout its token offering. The listing pre-sale price for the BBCoin is $0.12 for a minimum order of 2,000 BBCoins ($240). In the second phase of the ICO, the listing price will be $0.16. At the time of the writing, TraDove has raised $8 mln.
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