Sunday, February 17, 2019

eLYQD Using the Power of Blockchain to Strengthen Vaping Communities Around the World

The Global E-Cigarette and Vaporizer Market is poised to grow at a CAGR of around 20.8% over the next decade to reach approximately $61.4 billion by 2025.

What is Vaping

Vaping is the act of inhaling vapor produced by a vaporizer or electronic cigarette. The vapor is produced from a material such as an e-liquid, concentrate, or dry herb.

Blockchain & E-commerce Overview

  • Blockchain technology should be considered the most disruptive technology invention of the fourth industrial revolution. The world has never seen a technology as powerful as blockchain technology and it could potentially impact all sectors of the economy complete will transforming it through top notch efficiency.
  • The convenience, affordability, and vast array of products offered by e-commerce platforms shows some of the benefits of the e-commerce industry, but with the growth of the industry (a global online retail market that is expected to surpass $4.5 billion by 2020), large e-commerce companies like Amazon, Alibaba, EBay and a large group of other companies which account for over 50% of that market valuation, the problems associated with e-commerce are beginning to emerge.
  • Some of these problems relate to payments, supply chain management, data security, transparent marketplace, satisfied retailers, efficient management systems, and satisfied consumers. The current e-commerce business model will have a hard time resolving all these issues in one fell swoop, with the only solution to these problems is blockchain technology.

What is eLYQD

eLYQD is a fully decentralized e-commerce marketplace where everyone can buy and sell vaping products,and benefit from the significant advantages of the platform’s design and technical properties: privacy, freedom, and much lower costs.

eLYQD Goal

eLYQD goals to connect e-liquid manufacturers all over the world and supply businesses with the necessary tools for launching a one-of-akind platform to the global market with minimal transaction fees and without any financial borders, intermediaries or annoying bureaucratic routine. We will unite manufacturers in order to create our own economical crypto-commerce that will take e-commerce to a new level.

eLYQD Market Solution

eLYQD is creating a global blockchain platform for universal brands of e-liquids and accessories. This platform will eliminate country borders and connect vaping consumers and manufacturers worldwide.
The LYQD token will enable an on-demand system that solves the current problems of cross border payments, data accessibility, and payment risk, allowing exposure to all vaping products easily accessible from all around the world available under one roof.
  • Direct interaction between consumers and manufacturers by eliminating retailers and wholesalers means a more personalized and transparent shopping experience.
  • Consumers will be able to decide from a variety of brands they want at the most competitive prices.
    eLYQD is working with both large and small vaping goods manufacturers from around the world.
  • They have received interest from multiple independent brands that have already showcased their products in their multi-vendor direct to consumer ecommerce website — elyqd.com.
eLYQD is committed to using the power of blockchain to strengthen vaping communities around the world and empower them with a personalized one-on-one, safe and risk-free environment.

What is E-JUICE and E-LIQUID?

  • E-juice, also called e-liquid, is the primary material used in vaporizers, and consists of a PG (propylene glycol) and VG (vegetable glycerin) base, flavorings, and may or may not contain nicotine.
  • There is a myriad variety of e-liquids available on the market, and you can find flavors raining from the most basic fruity ones to some very innovative flavors such as desserts, candies, and so on.
  • Unlike the smoke of a traditional tobacco cigarette, most e-liquids produce vapor with a pleasant odor.

Finally

Recently, blockchain technology has been employed in different sectors of the industry ranging from the financial services sector, to the energy sector, from logistics to supply chain management, from the health sector to the gaming industry, and is even being used in online gambling.
However, the sector it is aiming to transform, and hopes to have the highest impact on day to day consumer and seller activities, is the e-commerce industry. The e-commerce industry has arguably changed the way we shop and live, which to many people has basically become one in the same.

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