Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS38.14%
Net Worth
0.041USD
STEEM
0.014STEEM
SBD
0.012SBD
Effective Power
5.001SP
├── Own SP
0.630SP
└── Incoming Deleg
+4.371SP

Detailed Balance

STEEM
balance
0.014STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.630SP
Delegated Out
0.000SP
Delegation In
4.371SP
Effective Power
5.001SP
Reward SP (pending)
0.076SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.012SBD
{
  "balance": "0.014 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "1025.293956 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7118.365850 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.012 SBD",
  "conversions": []
}

Account Info

nameelcryptodon
id504199
rank776,337
reputation1839099916
created2017-12-18T03:56:00
recovery_accountsteem
proxyNone
post_count5
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2020-06-05T22:44:21
last_root_post2020-06-05T22:44:21
last_vote_time2020-01-24T13:14:27
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.014 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares1025.293956 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7118.365850 VESTS
reward_vesting_balance150.106286 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update1970-01-01T00:00:00
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 504199,
  "name": "elcryptodon",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5Yc8xwpUgYesWjoc1S3jEYnBdtioLMwbxHcyiUDjRJzSQqWDzT",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM68JZCWN1Yd6QXyETkV59fovDiSsodLV8iLAAB7pdxq5jouQ1SZ",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5MWtjEAEFEL6zRBtYquEfjmxkpCac3nJfGNCEoA8Gt1hqhyTYx",
        1
      ]
    ]
  },
  "memo_key": "STM7fGywBtVaELDjgQVpL6kxK7TDvNzvXzZDvBWwvzkFoswz2XEC7",
  "json_metadata": "",
  "posting_json_metadata": "",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "1970-01-01T00:00:00",
  "created": "2017-12-18T03:56:00",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 5,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779062007
  },
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779062007
  },
  "voting_power": 0,
  "balance": "0.014 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.012 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "150.106286 VESTS",
  "reward_vesting_steem": "0.076 STEEM",
  "vesting_shares": "1025.293956 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7118.365850 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 2,
  "posting_rewards": 129,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2020-06-05T22:44:21",
  "last_root_post": "2020-06-05T22:44:21",
  "last_vote_time": "2020-01-24T13:14:27",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": 1839099916,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 776337
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.371 SP to @elcryptodon
2026/05/17 23:53:27
delegatorsteem
delegateeelcryptodon
vesting shares7118.365850 VESTS
Transaction InfoBlock #106143016/Trx fe6c0bdc8f8a69f2ab699bc033e36727635c4b1c
View Raw JSON Data
{
  "trx_id": "fe6c0bdc8f8a69f2ab699bc033e36727635c4b1c",
  "block": 106143016,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-17T23:53:27",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "7118.365850 VESTS"
    }
  ]
}
steemdelegated 2.706 SP to @elcryptodon
2026/05/12 02:21:03
delegatorsteem
delegateeelcryptodon
vesting shares4406.155445 VESTS
Transaction InfoBlock #105973924/Trx b665c34d367b465b6fc70452e70ad0363a3200cb
View Raw JSON Data
{
  "trx_id": "b665c34d367b465b6fc70452e70ad0363a3200cb",
  "block": 105973924,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-12T02:21:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "4406.155445 VESTS"
    }
  ]
}
steemdelegated 4.379 SP to @elcryptodon
2026/04/25 23:14:54
delegatorsteem
delegateeelcryptodon
vesting shares7130.881606 VESTS
Transaction InfoBlock #105510676/Trx e17eed48f1c40551f7180fe13c25402fcccd22ff
View Raw JSON Data
{
  "trx_id": "e17eed48f1c40551f7180fe13c25402fcccd22ff",
  "block": 105510676,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-25T23:14:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "7130.881606 VESTS"
    }
  ]
}
steemdelegated 2.731 SP to @elcryptodon
2026/01/23 06:48:48
delegatorsteem
delegateeelcryptodon
vesting shares4447.702264 VESTS
Transaction InfoBlock #102850624/Trx 358e8aa2455d46f675e11b446a583fe1ebf56f35
View Raw JSON Data
{
  "trx_id": "358e8aa2455d46f675e11b446a583fe1ebf56f35",
  "block": 102850624,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T06:48:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "4447.702264 VESTS"
    }
  ]
}
2025/01/12 03:14:36
parent authorelcryptodon
parent permlinkblockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies
authormicrosomes
permlinkspyh0b
title
bodyyo elcryptodon wag1, long time no speak u good?
json metadata{"app":"steemit/0.2"}
Transaction InfoBlock #92045346/Trx 987c1c5934577a6f1a866ceb6e71edfce3ca0ae2
View Raw JSON Data
{
  "trx_id": "987c1c5934577a6f1a866ceb6e71edfce3ca0ae2",
  "block": 92045346,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2025-01-12T03:14:36",
  "op": [
    "comment",
    {
      "parent_author": "elcryptodon",
      "parent_permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
      "author": "microsomes",
      "permlink": "spyh0b",
      "title": "",
      "body": "yo elcryptodon wag1, long time no speak u good?",
      "json_metadata": "{\"app\":\"steemit/0.2\"}"
    }
  ]
}
steemdelegated 2.832 SP to @elcryptodon
2024/12/17 02:08:18
delegatorsteem
delegateeelcryptodon
vesting shares4611.921461 VESTS
Transaction InfoBlock #91297044/Trx d2406f28a33690269c0b16dedb86346b99e0ebd3
View Raw JSON Data
{
  "trx_id": "d2406f28a33690269c0b16dedb86346b99e0ebd3",
  "block": 91297044,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-17T02:08:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "4611.921461 VESTS"
    }
  ]
}
steemdelegated 2.936 SP to @elcryptodon
2023/11/13 17:51:00
delegatorsteem
delegateeelcryptodon
vesting shares4781.054993 VESTS
Transaction InfoBlock #79851244/Trx 140f1d8737d4d5c663e7d4109b14f7260f61fbf2
View Raw JSON Data
{
  "trx_id": "140f1d8737d4d5c663e7d4109b14f7260f61fbf2",
  "block": 79851244,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-13T17:51:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "4781.054993 VESTS"
    }
  ]
}
steemdelegated 4.740 SP to @elcryptodon
2023/09/21 21:23:48
delegatorsteem
delegateeelcryptodon
vesting shares7718.333779 VESTS
Transaction InfoBlock #78347308/Trx a2a4f776408a622f5b785b01a5c81392be0c9288
View Raw JSON Data
{
  "trx_id": "a2a4f776408a622f5b785b01a5c81392be0c9288",
  "block": 78347308,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-21T21:23:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "7718.333779 VESTS"
    }
  ]
}
steemdelegated 4.876 SP to @elcryptodon
2022/11/03 11:15:06
delegatorsteem
delegateeelcryptodon
vesting shares7940.015217 VESTS
Transaction InfoBlock #69112722/Trx c5320097b2edbb5a6c62054a988bf735ce7b57cd
View Raw JSON Data
{
  "trx_id": "c5320097b2edbb5a6c62054a988bf735ce7b57cd",
  "block": 69112722,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T11:15:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "7940.015217 VESTS"
    }
  ]
}
steemdelegated 5.011 SP to @elcryptodon
2022/01/17 10:33:06
delegatorsteem
delegateeelcryptodon
vesting shares8160.548448 VESTS
Transaction InfoBlock #60808929/Trx 67974c79c166701241bf6406188a0b07639416dd
View Raw JSON Data
{
  "trx_id": "67974c79c166701241bf6406188a0b07639416dd",
  "block": 60808929,
  "trx_in_block": 19,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T10:33:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "8160.548448 VESTS"
    }
  ]
}
steemdelegated 5.124 SP to @elcryptodon
2021/06/14 00:29:27
delegatorsteem
delegateeelcryptodon
vesting shares8344.317106 VESTS
Transaction InfoBlock #54607340/Trx 7d9b76fbc434fe134330772ddfad90a19f100024
View Raw JSON Data
{
  "trx_id": "7d9b76fbc434fe134330772ddfad90a19f100024",
  "block": 54607340,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-14T00:29:27",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "8344.317106 VESTS"
    }
  ]
}
blurtofficialsent 0.001 STEEM to @elcryptodon- "CONGRATS! You have a 1:1 BLURT AIRDROP of 0.032 BLURT and 0.525000 BLURT POWER waiting for you. Check out https://blurtwallet.com/@elcryptodon and https://blurt.blog/ TODAY!"
2020/12/16 10:03:03
fromblurtofficial
toelcryptodon
amount0.001 STEEM
memoCONGRATS! You have a 1:1 BLURT AIRDROP of 0.032 BLURT and 0.525000 BLURT POWER waiting for you. Check out https://blurtwallet.com/@elcryptodon and https://blurt.blog/ TODAY!
Transaction InfoBlock #49495315/Trx 302c32c5a6d4bac69a16509e7ea2ac1adad8a94a
View Raw JSON Data
{
  "trx_id": "302c32c5a6d4bac69a16509e7ea2ac1adad8a94a",
  "block": 49495315,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-16T10:03:03",
  "op": [
    "transfer",
    {
      "from": "blurtofficial",
      "to": "elcryptodon",
      "amount": "0.001 STEEM",
      "memo": "CONGRATS! You have a 1:1 BLURT AIRDROP of 0.032 BLURT and 0.525000 BLURT POWER waiting for you. Check out https://blurtwallet.com/@elcryptodon and https://blurt.blog/ TODAY!"
    }
  ]
}
steemdelegated 5.239 SP to @elcryptodon
2020/12/11 10:49:03
delegatorsteem
delegateeelcryptodon
vesting shares8531.739080 VESTS
Transaction InfoBlock #49354817/Trx c137b68ff50bc3160097bbe3d90e3ef16c7a450f
View Raw JSON Data
{
  "trx_id": "c137b68ff50bc3160097bbe3d90e3ef16c7a450f",
  "block": 49354817,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T10:49:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "8531.739080 VESTS"
    }
  ]
}
steemdelegated 1.174 SP to @elcryptodon
2020/12/06 04:26:21
delegatorsteem
delegateeelcryptodon
vesting shares1912.543513 VESTS
Transaction InfoBlock #49206385/Trx 0884cdced4a41837ed2dc5d393a33d0def6c30c2
View Raw JSON Data
{
  "trx_id": "0884cdced4a41837ed2dc5d393a33d0def6c30c2",
  "block": 49206385,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T04:26:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}
steemdelegated 5.243 SP to @elcryptodon
2020/12/05 14:27:12
delegatorsteem
delegateeelcryptodon
vesting shares8537.946934 VESTS
Transaction InfoBlock #49189915/Trx 14581ce6ffcaf8991fbc9bbfa360ca079b2643e9
View Raw JSON Data
{
  "trx_id": "14581ce6ffcaf8991fbc9bbfa360ca079b2643e9",
  "block": 49189915,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T14:27:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "8537.946934 VESTS"
    }
  ]
}
steemdelegated 1.179 SP to @elcryptodon
2020/11/02 14:53:54
delegatorsteem
delegateeelcryptodon
vesting shares1920.017158 VESTS
Transaction InfoBlock #48256926/Trx 8c91828a2531fc4e072df7a92332ef1cb9330b81
View Raw JSON Data
{
  "trx_id": "8c91828a2531fc4e072df7a92332ef1cb9330b81",
  "block": 48256926,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-02T14:53:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}
steemdelegated 5.306 SP to @elcryptodon
2020/09/05 03:16:39
delegatorsteem
delegateeelcryptodon
vesting shares8640.285200 VESTS
Transaction InfoBlock #46595637/Trx 15c569c5bb7b410903f95b2ede931dbb9c005b5d
View Raw JSON Data
{
  "trx_id": "15c569c5bb7b410903f95b2ede931dbb9c005b5d",
  "block": 46595637,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-09-05T03:16:39",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "8640.285200 VESTS"
    }
  ]
}
steemdelegated 17.523 SP to @elcryptodon
2020/08/20 16:53:09
delegatorsteem
delegateeelcryptodon
vesting shares28533.625415 VESTS
Transaction InfoBlock #46156733/Trx f91b4d1a8ed2bb1b23472753b9ecbd13e0e6e391
View Raw JSON Data
{
  "trx_id": "f91b4d1a8ed2bb1b23472753b9ecbd13e0e6e391",
  "block": 46156733,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-08-20T16:53:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "28533.625415 VESTS"
    }
  ]
}
2020/06/12 22:44:21
authorelcryptodon
permlink5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash
sbd payout0.012 SBD
steem payout0.000 STEEM
vesting payout109.110033 VESTS
Transaction InfoBlock #44197840/Virtual Operation #3
View Raw JSON Data
{
  "trx_id": "0000000000000000000000000000000000000000",
  "block": 44197840,
  "trx_in_block": 4294967295,
  "op_in_trx": 0,
  "virtual_op": 3,
  "timestamp": "2020-06-12T22:44:21",
  "op": [
    "author_reward",
    {
      "author": "elcryptodon",
      "permlink": "5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash",
      "sbd_payout": "0.012 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "109.110033 VESTS"
    }
  ]
}
2020/06/12 03:52:21
parent authorelcryptodon
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permlinkqbsnza
title
bodyTime to embrace digital currencies, good way to refrain ourselves from directly holding/paying cash which is prone of spreading the virus. Nice contents.
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2020/06/10 23:05:39
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2020/06/10 23:05:33
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2020/06/10 23:05:30
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2020/06/10 23:05:30
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2020/06/10 23:05:06
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2020/06/10 23:04:54
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2020/06/09 18:45:12
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2020/06/06 00:05:48
voteryehey
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steemdelegated 17.642 SP to @elcryptodon
2020/06/05 23:37:00
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2020/06/05 22:44:21
parent author
parent permlinkhive-148441
authorelcryptodon
permlink5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash
titleThe Race for Central Bank Digital Currencies (CBDC). Coronavirus the Catalyst to Digital Cash
bodyAmong the Covid-19 epidemic, cash is seemingly becoming less utilised, while most social locations are closed as lockdown laws are enforced across the globe, the general public are also refraining from using cash due to potential spread of bacteria. Meanwhile, China is running ahead in the containment of the virus outbreak, and well in front with launching a nationwide blockchain infrastructure and Digital Yuan issued by the People’s Bank of China. ![source_ledger.jpg](https://cdn.steemitimages.com/DQmXWKktbysobkhmkfqWSfdvVxR6nmvEY2ZX36GvdWxvAe2/source_ledger.jpg) The Bank of International Settlements (BIS), a 600-member international financial institution representing the central banks of 60 countries, recently prompted central banks to create stimulus for CDBCs, as coronavirus can still spread through payment means asides from cash, the greater threat being card terminals. In the recent months many other countries’ central banks have been exploring digital currencies and amid the current crisis those with already existing cashless culture will find it even easier for their public to adapt. Sweden is an almost fully cashless society and it recently announced plans for an E-krona, while in South Korea, another digitally advanced country, the central bank recently launched a pilot program for testing Digital Won. Western countries that utilise cash more frequently, such as the UK and Germany, have seen significant drops in cash and ATM usage, correlating an increase in mobile, card and digital payments. The Bank of England recently published a 57-page report highlighting the pros and cons of introducing a digital pound, acknowledging that a digital currency could disrupt and destabilize current financial systems in negative ways. However, evolving FinTech can also positively affect financial systems by making payments easier, faster, cheaper and more secure. Deutsche Bank also recently tweeted “The COVID-19 pandemic is accelerating the rise of central bank #digitalcurrencies as many governments see the handling of cash as a potential risk factor. This will likely add to calls to move towards #digitalcash”, hinting positive signs towards development of their own digital money. ![Capture.PNG](https://cdn.steemitimages.com/DQmZj3u2YxTw8rvSKFK6ToXWAeb3Wx7SbRD461zkffYtbFj/Capture.PNG) France, another nation racing in the frontline for CDBC, is assembling framework and testing for Digital Euro, primarily for interbank settlements and potential tokenization for settlement and clearing of financial instruments. The Central Bank released a call for applicants package citing a search for counterparts of “innovative nature” to co-work on testing for Digital Euro. The USA was recently also in the CBDC spotlight with mention of a Digital Dollar in the draft Covid-19 stimulus bills, which has since been removed. Although, 2 notable advocates of a digital USD, both ex-workers of the CFCT (Commodities and Futures Trading Commission) launched the non-profit Digital Dollar Foundation at the start of 2020, which in recent weeks added 22 new advisors including staff from Goldman Sachs, Paypal, and a former Federal Reserve board member. It seems that countries around the world are considering the feasibility of central bank-issued digital money and we may see governments moving faster than expected due to the COVID outbreak. Cambodia, Canada, Japan, Russia, Turkey, and Ukraine are just among some other countries that are planning, developing or testing central bank digital currencies.
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executive-boardsent 0.001 STEEM to @elcryptodon- "❗ Hello elcryptodon, great that you are using the STEEM blockchain. The Executive Board invites you to visit https://discord.gg/KyBbmhh where you will get some insider infos on how you will earn the m..."
2020/06/05 22:37:00
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2020/06/05 22:36:06
voteryuxi
authorelcryptodon
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2020/06/05 22:35:09
parent author
parent permlinkhive-167922
authorelcryptodon
permlinkthe-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash
titleThe Race for Central Bank Digital Currencies (CBDC). Coronavirus the Catalyst to Digital Cash
bodyAmong the Covid-19 epidemic, cash is seemingly becoming less utilised, while most social locations are closed as lockdown laws are enforced across the globe, the general public are also refraining from using cash due to potential spread of bacteria. Meanwhile, China is running ahead in the containment of the virus outbreak, and well in front with launching a nationwide blockchain infrastructure and Digital Yuan issued by the People’s Bank of China. ![source_ledger.jpg](https://cdn.steemitimages.com/DQmXWKktbysobkhmkfqWSfdvVxR6nmvEY2ZX36GvdWxvAe2/source_ledger.jpg) The Bank of International Settlements (BIS), a 600-member international financial institution representing the central banks of 60 countries, recently prompted central banks to create stimulus for CDBCs, as coronavirus can still spread through payment means asides from cash, the greater threat being card terminals. In the recent months many other countries’ central banks have been exploring digital currencies and amid the current crisis those with already existing cashless culture will find it even easier for their public to adapt. Sweden is an almost fully cashless society and it recently announced plans for an E-krona, while in South Korea, another digitally advanced country, the central bank recently launched a pilot program for testing Digital Won. Western countries that utilise cash more frequently, such as the UK and Germany, have seen significant drops in cash and ATM usage, correlating an increase in mobile, card and digital payments. The Bank of England recently published a 57-page report highlighting the pros and cons of introducing a digital pound, acknowledging that a digital currency could disrupt and destabilize current financial systems in negative ways. However, evolving FinTech can also positively affect financial systems by making payments easier, faster, cheaper and more secure. Deutsche Bank also recently tweeted “The COVID-19 pandemic is accelerating the rise of central bank #digitalcurrencies as many governments see the handling of cash as a potential risk factor. This will likely add to calls to move towards #digitalcash”, hinting positive signs towards development of their own digital money. ![Capture.PNG](https://cdn.steemitimages.com/DQmZj3u2YxTw8rvSKFK6ToXWAeb3Wx7SbRD461zkffYtbFj/Capture.PNG) France, another nation racing in the frontline for CDBC, is assembling framework and testing for Digital Euro, primarily for interbank settlements and potential tokenization for settlement and clearing of financial instruments. The Central Bank released a call for applicants package citing a search for counterparts of “innovative nature” to co-work on testing for Digital Euro. The USA was recently also in the CBDC spotlight with mention of a Digital Dollar in the draft Covid-19 stimulus bills, which has since been removed. Although, 2 notable advocates of a digital USD, both ex-workers of the CFCT (Commodities and Futures Trading Commission) launched the non-profit Digital Dollar Foundation at the start of 2020, which in recent weeks added 22 new advisors including staff from Goldman Sachs, Paypal, and a former Federal Reserve board member. It seems that countries around the world are considering the feasibility of central bank-issued digital money and we may see governments moving faster than expected due to the COVID outbreak. Cambodia, Canada, Japan, Russia, Turkey, and Ukraine are just among some other countries that are planning, developing or testing central bank digital currencies.
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      "permlink": "the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash",
      "title": "The Race for Central Bank Digital Currencies (CBDC). Coronavirus the Catalyst to Digital Cash",
      "body": "Among the Covid-19 epidemic, cash is seemingly becoming less utilised, while most social locations are closed as lockdown laws are enforced across the globe, the general public are also refraining from using cash due to potential spread of bacteria.\n\nMeanwhile, China is running ahead in the containment of the virus outbreak, and well in front with launching a nationwide blockchain infrastructure and Digital Yuan issued by the People’s Bank of China.\n\n![source_ledger.jpg](https://cdn.steemitimages.com/DQmXWKktbysobkhmkfqWSfdvVxR6nmvEY2ZX36GvdWxvAe2/source_ledger.jpg)\n\nThe Bank of International Settlements (BIS), a 600-member international financial institution representing the central banks of 60 countries, recently prompted central banks to create stimulus for CDBCs, as coronavirus can still spread through payment means asides from cash, the greater threat being card terminals.\n\nIn the recent months many other countries’ central banks have been exploring digital currencies and amid the current crisis those with already existing cashless culture will find it even easier for their public to adapt.\n\nSweden is an almost fully cashless society and it recently announced plans for an E-krona, while in South Korea, another digitally advanced country, the central bank recently launched a pilot program for testing Digital Won.\n\nWestern countries that utilise cash more frequently, such as the UK and Germany, have seen significant drops in cash and ATM usage, correlating an increase in mobile, card and digital payments.\n\nThe Bank of England recently published a 57-page report highlighting the pros and cons of introducing a digital pound, acknowledging that a digital currency could disrupt and destabilize current financial systems in negative ways. However, evolving FinTech can also positively affect financial systems by making payments easier, faster, cheaper and more secure.\n\nDeutsche Bank also recently tweeted “The COVID-19 pandemic is accelerating the rise of central bank #digitalcurrencies as many governments see the handling of cash as a potential risk factor. This will likely add to calls to move towards #digitalcash”, hinting positive signs towards development of their own digital money.\n\n![Capture.PNG](https://cdn.steemitimages.com/DQmZj3u2YxTw8rvSKFK6ToXWAeb3Wx7SbRD461zkffYtbFj/Capture.PNG)\n\nFrance, another nation racing in the frontline for CDBC, is assembling framework and testing for Digital Euro, primarily for interbank settlements and potential tokenization for settlement and clearing of financial instruments. The Central Bank released a call for applicants package citing a search for counterparts of “innovative nature” to co-work on testing for Digital Euro.\n\nThe USA was recently also in the CBDC spotlight with mention of a Digital Dollar in the draft Covid-19 stimulus bills, which has since been removed.\n\nAlthough, 2 notable advocates of a digital USD, both ex-workers of the CFCT (Commodities and Futures Trading Commission) launched the non-profit Digital Dollar Foundation at the start of 2020, which in recent weeks added 22 new advisors including staff from Goldman Sachs, Paypal, and a former Federal Reserve board member.\n\nIt seems that countries around the world are considering the feasibility of central bank-issued digital money and we may see governments moving faster than expected due to the COVID outbreak. Cambodia, Canada, Japan, Russia, Turkey, and Ukraine are just among some other countries that are planning, developing or testing central bank digital currencies.",
      "json_metadata": "{\"tags\":[\"crypto\",\"cryptocurrencies\",\"blockchain\",\"steemit\",\"steempeak\",\"btc\",\"fintech\",\"digitalcurrencies\"],\"image\":[\"https://cdn.steemitimages.com/DQmXWKktbysobkhmkfqWSfdvVxR6nmvEY2ZX36GvdWxvAe2/source_ledger.jpg\",\"https://cdn.steemitimages.com/DQmZj3u2YxTw8rvSKFK6ToXWAeb3Wx7SbRD461zkffYtbFj/Capture.PNG\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
    }
  ]
}
elcryptodoncustom json: community
2020/06/05 22:21:30
required auths[]
required posting auths["elcryptodon"]
idcommunity
json["subscribe",{"community":"hive-167922"}]
Transaction InfoBlock #43998724/Trx 263ce82a9054d5d687b91b071ac730f3cf50d0b5
View Raw JSON Data
{
  "trx_id": "263ce82a9054d5d687b91b071ac730f3cf50d0b5",
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  "virtual_op": 0,
  "timestamp": "2020-06-05T22:21:30",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "elcryptodon"
      ],
      "id": "community",
      "json": "[\"subscribe\",{\"community\":\"hive-167922\"}]"
    }
  ]
}
2020/06/05 21:11:39
required auths[]
required posting auths["elcryptodon"]
idfollow
json["follow",{"follower":"elcryptodon","following":"ohamdache","what":["blog"]}]
Transaction InfoBlock #43997349/Trx ab881c6faa0813ce45d358cd2626ca1fdff03edf
View Raw JSON Data
{
  "trx_id": "ab881c6faa0813ce45d358cd2626ca1fdff03edf",
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  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-06-05T21:11:39",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "elcryptodon"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"ohamdache\",\"what\":[\"blog\"]}]"
    }
  ]
}
steemdelegated 5.368 SP to @elcryptodon
2020/05/09 05:23:12
delegatorsteem
delegateeelcryptodon
vesting shares8740.752293 VESTS
Transaction InfoBlock #43216621/Trx b04d0681baa188513b031a9362f2d5e0db7635ee
View Raw JSON Data
{
  "trx_id": "b04d0681baa188513b031a9362f2d5e0db7635ee",
  "block": 43216621,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T05:23:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "8740.752293 VESTS"
    }
  ]
}
steemdelegated 1.200 SP to @elcryptodon
2020/05/08 08:56:00
delegatorsteem
delegateeelcryptodon
vesting shares1953.311140 VESTS
Transaction InfoBlock #43192656/Trx 7ba5648f5eb2630ebd40b4233025de041ad5bc5f
View Raw JSON Data
{
  "trx_id": "7ba5648f5eb2630ebd40b4233025de041ad5bc5f",
  "block": 43192656,
  "trx_in_block": 1,
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  "virtual_op": 0,
  "timestamp": "2020-05-08T08:56:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
steemdelegated 5.373 SP to @elcryptodon
2020/04/24 14:50:39
delegatorsteem
delegateeelcryptodon
vesting shares8748.970277 VESTS
Transaction InfoBlock #42806416/Trx fe7d2ab93a366925a408ed454faebfab73ebcc4b
View Raw JSON Data
{
  "trx_id": "fe7d2ab93a366925a408ed454faebfab73ebcc4b",
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  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-04-24T14:50:39",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "8748.970277 VESTS"
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}
creativebluesent 0.011 STEEM to @elcryptodon- "Hi @elcryptodon, I've noticed that you're supporting @likwid. For that reason I figured that you may be interested in knowing what kind of agressive behaviours is user behind this account involved. I ..."
2020/01/26 11:19:24
fromcreativeblue
toelcryptodon
amount0.011 STEEM
memoHi @elcryptodon, I've noticed that you're supporting @likwid. For that reason I figured that you may be interested in knowing what kind of agressive behaviours is user behind this account involved. I found it quite outrageous: https://steemit.com/hive-174578/@livinguktaiwan/i-got-downvoted-because-i-don-t-downvote-people
Transaction InfoBlock #40264497/Trx 82081c28e44d9de77460224f82a346fe237a1afd
View Raw JSON Data
{
  "trx_id": "82081c28e44d9de77460224f82a346fe237a1afd",
  "block": 40264497,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-01-26T11:19:24",
  "op": [
    "transfer",
    {
      "from": "creativeblue",
      "to": "elcryptodon",
      "amount": "0.011 STEEM",
      "memo": "Hi @elcryptodon, I've noticed that you're supporting @likwid. For that reason I figured that you may be interested in knowing what kind of agressive behaviours is user behind this account involved. I found it quite outrageous: https://steemit.com/hive-174578/@livinguktaiwan/i-got-downvoted-because-i-don-t-downvote-people"
    }
  ]
}
steemdelegated 17.782 SP to @elcryptodon
2020/01/24 14:07:42
delegatorsteem
delegateeelcryptodon
vesting shares28955.782525 VESTS
Transaction InfoBlock #40210372/Trx 904244d31eb7e69dd22581efe70cfbf58a6f55de
View Raw JSON Data
{
  "trx_id": "904244d31eb7e69dd22581efe70cfbf58a6f55de",
  "block": 40210372,
  "trx_in_block": 38,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-01-24T14:07:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "28955.782525 VESTS"
    }
  ]
}
2020/01/24 13:38:18
required auths[]
required posting auths["elcryptodon"]
idfollow
json["follow",{"follower":"elcryptodon","following":"likwid","what":["blog"]}]
Transaction InfoBlock #40209784/Trx 9a4e910a6ffebe436cec9ed499433a4ec259cec1
View Raw JSON Data
{
  "trx_id": "9a4e910a6ffebe436cec9ed499433a4ec259cec1",
  "block": 40209784,
  "trx_in_block": 44,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-01-24T13:38:18",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "elcryptodon"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"likwid\",\"what\":[\"blog\"]}]"
    }
  ]
}
2020/01/24 13:14:27
voterelcryptodon
authormysticfalls
permlinkhello-steemit-community
weight10000 (100.00%)
Transaction InfoBlock #40209308/Trx b6e2462c7819844c949d649d98b206ec6f6a80bd
View Raw JSON Data
{
  "trx_id": "b6e2462c7819844c949d649d98b206ec6f6a80bd",
  "block": 40209308,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-01-24T13:14:27",
  "op": [
    "vote",
    {
      "voter": "elcryptodon",
      "author": "mysticfalls",
      "permlink": "hello-steemit-community",
      "weight": 10000
    }
  ]
}
2019/12/18 05:48:00
parent authorelcryptodon
parent permlinkblockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies
authorsteemitboard
permlinksteemitboard-notify-elcryptodon-20191218t054759000z
title
bodyCongratulations @elcryptodon! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@elcryptodon/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@elcryptodon) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=elcryptodon)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #39136803/Trx 07f299026a7a5de60b4de4ac92e357f05fbad181
View Raw JSON Data
{
  "trx_id": "07f299026a7a5de60b4de4ac92e357f05fbad181",
  "block": 39136803,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-12-18T05:48:00",
  "op": [
    "comment",
    {
      "parent_author": "elcryptodon",
      "parent_permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-elcryptodon-20191218t054759000z",
      "title": "",
      "body": "Congratulations @elcryptodon! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@elcryptodon/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@elcryptodon) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=elcryptodon)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}
steemdelegated 5.496 SP to @elcryptodon
2019/05/12 14:38:51
delegatorsteem
delegateeelcryptodon
vesting shares8949.352517 VESTS
Transaction InfoBlock #32845180/Trx 1f73321d7d5aa55b034c2cc7f075e9ed338349c0
View Raw JSON Data
{
  "trx_id": "1f73321d7d5aa55b034c2cc7f075e9ed338349c0",
  "block": 32845180,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-12T14:38:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "8949.352517 VESTS"
    }
  ]
}
2018/12/18 05:06:18
parent authorelcryptodon
parent permlinkblockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies
authorsteemitboard
permlinksteemitboard-notify-elcryptodon-20181218t050617000z
title
bodyCongratulations @elcryptodon! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@elcryptodon/birthday1.png</td><td>1 Year on Steemit</td></tr></table> <sub>_[Click here to view your Board of Honor](https://steemitboard.com/@elcryptodon)_</sub> > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #28662341/Trx 82f58963771fabbc974c80ce00d5db3ffcf3fb9a
View Raw JSON Data
{
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  "virtual_op": 0,
  "timestamp": "2018-12-18T05:06:18",
  "op": [
    "comment",
    {
      "parent_author": "elcryptodon",
      "parent_permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-elcryptodon-20181218t050617000z",
      "title": "",
      "body": "Congratulations @elcryptodon! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@elcryptodon/birthday1.png</td><td>1 Year on Steemit</td></tr></table>\n\n<sub>_[Click here to view your Board of Honor](https://steemitboard.com/@elcryptodon)_</sub>\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
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}
steemdelegated 5.618 SP to @elcryptodon
2018/05/16 20:15:45
delegatorsteem
delegateeelcryptodon
vesting shares9148.904952 VESTS
Transaction InfoBlock #22489816/Trx 241e0b6b280d81506f966b76c2cf6638d03316f0
View Raw JSON Data
{
  "trx_id": "241e0b6b280d81506f966b76c2cf6638d03316f0",
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  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-05-16T20:15:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "9148.904952 VESTS"
    }
  ]
}
steemdelegated 18.125 SP to @elcryptodon
2018/05/06 06:22:18
delegatorsteem
delegateeelcryptodon
vesting shares29514.070473 VESTS
Transaction InfoBlock #22185195/Trx 17811ab2ed33825b410f7b1e63f76b5cb9b4ee3b
View Raw JSON Data
{
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  "virtual_op": 0,
  "timestamp": "2018-05-06T06:22:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "29514.070473 VESTS"
    }
  ]
}
2018/01/17 19:37:36
required auths[]
required posting auths["elcryptodon"]
idfollow
json["follow",{"follower":"elcryptodon","following":"thebeetoken","what":["blog"]}]
Transaction InfoBlock #19065374/Trx cba516eaf1df3a7106011e32caa462655c9ffcd1
View Raw JSON Data
{
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  "timestamp": "2018-01-17T19:37:36",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "elcryptodon"
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      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"thebeetoken\",\"what\":[\"blog\"]}]"
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}
2017/12/31 22:43:30
curatorelcryptodon
reward4.098387 VESTS
comment authorgeorgegodwin
comment permlinkre-jaynie-the-never-would-i-ever-challenge-6-new-years-eve-parties-20171224t224331034z
Transaction InfoBlock #18580053/Virtual Operation #24
View Raw JSON Data
{
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  "op_in_trx": 0,
  "virtual_op": 24,
  "timestamp": "2017-12-31T22:43:30",
  "op": [
    "curation_reward",
    {
      "curator": "elcryptodon",
      "reward": "4.098387 VESTS",
      "comment_author": "georgegodwin",
      "comment_permlink": "re-jaynie-the-never-would-i-ever-challenge-6-new-years-eve-parties-20171224t224331034z"
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  ]
}
steemdelegated 18.250 SP to @elcryptodon
2017/12/27 21:14:51
delegatorsteem
delegateeelcryptodon
vesting shares29717.706044 VESTS
Transaction InfoBlock #18463110/Trx dd82da6ae3ca4f3dc17190249ef6d760b7bc6cd9
View Raw JSON Data
{
  "trx_id": "dd82da6ae3ca4f3dc17190249ef6d760b7bc6cd9",
  "block": 18463110,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-12-27T21:14:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "elcryptodon",
      "vesting_shares": "29717.706044 VESTS"
    }
  ]
}
2017/12/25 04:13:21
authorelcryptodon
permlinkblockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies
sbd payout0.000 SBD
steem payout0.000 STEEM
vesting payout36.897866 VESTS
Transaction InfoBlock #18385140/Virtual Operation #5
View Raw JSON Data
{
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  "block": 18385140,
  "trx_in_block": 4294967295,
  "op_in_trx": 0,
  "virtual_op": 5,
  "timestamp": "2017-12-25T04:13:21",
  "op": [
    "author_reward",
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      "author": "elcryptodon",
      "permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
      "sbd_payout": "0.000 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "36.897866 VESTS"
    }
  ]
}
2017/12/24 23:00:03
voterelcryptodon
authorgeorgegodwin
permlinkre-jaynie-the-never-would-i-ever-challenge-6-new-years-eve-parties-20171224t224331034z
weight10000 (100.00%)
Transaction InfoBlock #18378876/Trx 684b42984e555ee1824af67c529f031de3f00eb5
View Raw JSON Data
{
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      "permlink": "re-jaynie-the-never-would-i-ever-challenge-6-new-years-eve-parties-20171224t224331034z",
      "weight": 10000
    }
  ]
}
2017/12/20 02:30:42
required auths[]
required posting auths["elcryptodon"]
idfollow
json["follow",{"follower":"elcryptodon","following":"airhawk-project","what":["blog"]}]
Transaction InfoBlock #18239150/Trx 5d729998ad9eb48c6d6a49de56e86672e6da1ea6
View Raw JSON Data
{
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  "timestamp": "2017-12-20T02:30:42",
  "op": [
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2017/12/19 14:48:45
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2017/12/19 14:48:24
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bodyThank you very much! Appreciate you! Have also followed you! :)
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2017/12/19 14:30:18
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bodyNice article... Very informative and helpful.
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2017/12/19 14:29:45
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2017/12/19 14:26:21
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2017/12/18 22:04:21
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2017/12/18 17:07:15
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2017/12/18 17:06:54
parent authormicrosomes
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bodyThanks bro! Appreciate you man! More to come and I followed you back also :)
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2017/12/18 16:13:42
parent authorelcryptodon
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bodyGreat work
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2017/12/18 16:13:27
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2017/12/18 04:57:45
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2017/12/18 04:32:12
parent author
parent permlinkblockchain
authorelcryptodon
permlinkblockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies
titleBlockchain Brought to the Grocery Industry! INS Revolutionising the Ecosystem for FMCG Companies
bodyINS, a new blockchain establishment is bringing a revolutionary and innovative system to the grocery industry, primarily targeting Fast Moving Consumer Goods (FMCG) companies. The INS Ecosystem is the first global DECENTRALISED ecosystem that will directly connect grocery manufacturers and consumers, by utilising blockchain technology. There is a huge market for INS as currently there is no mainstream FinTech or Blockchain company that is challenging large scale retailers and the monopolistic environment that global supermarket chains have on the FMCG and retail industry. INS aims to change that by connecting the manufacturers directly with the global consumer market, in essence cutting out the middle man. It should be noted now that 7 out of the Top-20 global FMCG manufacturers and more than 100 in total are showing interest to join the INS Ecosystem. Among them are global well-known brands such as Dettol, Air Wick, Calagon, Vanish, Veet, Gaviscon, Scholl and Durex. ![](https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png) **Why is this Revolutionary?** Well seeing that the global FMCG and grocery retail markets are currently dominated primarily by a select few large scale retailers and supermarket chains, the essence of INS cutting out the “middle man” shall change the way consumers are able to buy products. While the internet has already been shifting the way consumers are buying goods, online grocery shopping has been the primary method that households use to conduct their weekly or monthly shopping. There actually isn’t a need any more for the “middle man” supermarket chains to be the ones to supply to consumers. Asides from benefitting the industry as a whole, INS will be positively contributing to globally concerning issues that are in the mainstream spotlight. These include issues such as environmental sustainability — as energy consumption is increasing and global carbon emissions are at an all-time high creating mass global warming, population growth — which requires development of housing infrastructures, and issues surrounding wastage of products — as shortages in food and resources are expected to follow during our times of the millennia global growth catastrophe that our world is in. With the supermarket chains being challenged we could potentially see a huge amount of space and land being freed up as large scale hypermarkets will end up not being sustainable enough to be run anymore and having to close down, essentially reducing energy outputs and allowing space for housing infrastructure developments. The fact that some hypermarkets are open 24/7 the energy consumption that these establishments use combined is enormous, considering that checkout POS systems, chill rooms, offices and lighting are all constantly running and consuming power. INS is positively taking advantage of the technological paradigm shift that blockchain technology and smart contracts are bringing to our global economy. **How is it Beneficial to Global Public Consumers?** Considering that 4 main global retailers currently hold a 76% market share of the grocery shopping industry, public consumers are essentially involuntarily forced to buy from those outlets. The fact that INS aims to connect the manufacturers directly to consumers will bypass those monopolistic companies and enable consumers to obtain their household goods for up to 30% cheaper than they would otherwise. Trade promotions are also a big issue that retailers manipulate and abuse, by pushing certain brands and products onto customers due to promotions and discounts. Deloitte stated that trade promotion spending represent 17% of manufacturer’s sales, however, over $50 billion each year of trade promotions actually never reach the consumer. This is due to the lack of accurate timely information, the inability to plan promotions based on analytics, ineffective organisation and partner integration, and the lack of appropriate KPIs. By weaving out the big retailers not only will consumers be given a better price for goods, but also be able to buy the products which they want, and not influenced by ones which attract them due to being on promotional offer or discounted. INS calls it *“Consumption 2.0”*, a form of solving the issue of one way street communication where retailer’s push those goods what help to maximize their profits, and not that what consumers actually want. With the INS Ecosystem it will provide a more personalised and transparent approach to grocery shopping, keeping both consumers and manufacturers happy, while solving current issues within the FMCG supply chain. INS also aims to incorporate a reward system whereby manufacturers create bespoke marketing programs which will incentivise and reward their customers directly. It will operate in a similar fashion to the airline industry’s miles-based reward programs, however, thanks to blockchain technology and smart contracts it will be not only cheaper to run but more technologically advanced. **Benefiting Farmers and Smaller Manufacturers** The INS ecosystem also aims to benefit smaller manufacturers and specifically farmers too. While the world is heading into an era where GMO goods are being frowned upon and there is more concern about chemically genetically modified production, the general public are more steered towards fresh and organic produce. With farmers usually operating small scale establishments, maybe having a family run store on their farm, or at most a small online shop, INS will directly benefit and help farmers themselves to start supplying on a national and global scale. This essentially will not only help growth for these small family run farms, but also assist them in scaling up their operations, maybe even swinging people towards supporting and buying products from the smaller supplier than buying from the larger corporations. The INS Ecosystem is really revolutionising the grocery industry from the top-down, and it will be beneficial for many small scale operations and retailers. The supermarkets have crushed local people and family businesses long enough and it is surely that time for a positive and innovative change. **The Problem with Supermarkets** There are numerous problems and enormous issues that have been established with supermarkets and the large retail chains, which INS has identified and aims to eradicate. Firstly, it is due to the monopolistic environment — the buyer power by retailers. As previously mentioned the 4 main retailers control a 76% market share of the grocery shopping market and this has led them to abuse their buyer power to unethically force and influence manufacturers to meet their unprincipled needs and desires. In many countries just a few retailers have the power over the whole market, for instance in the UK it’s Tesco, Lidl and Waitrose, in the USA it’s Wal-Mart and Albertsons, in Germany it’s Kaiser and Real and in Austria it is Hofer/Aldi. These companies have a major influence on the products they wish to market and sell, mainly derived from maximising profit. They are able to put pressure and unethically influence the manufacturers to supply them those brands which can help to achieve their goals of profit maximisation, meanwhile most of the time not even passing down the full discounts to the consumer. Using buyer power to an advantage is not a bad thing; business is business at the end of the day. However, squeezing manufacturers beyond economies of scale and using that buyer power aggressively to seek larger volumes for better prices due to lack of manufacturers control is not fair. The full problem boils down to the fact that the supermarket chains have outgrown even their supplier’s market control, leaving manufacturers with little or no option regarding negotiations. The likes of the largest manufacturers such as Proctor & Gamble, Unilever and Nestle are essentially forced to comply with the large retailers conditions as a huge chunk of their revenue streams come from them, therefore, leading to the abuse from those large retailers to maximise their own gains. An example of this is that Wal-Mart accounted for 16% of Proctor & Gamble sales in 2016, yet their sales are more than 5 times greater than those of Proctor & Gamble who are their largest supplier. This is a super-monopolistic market share and influence that Wal-Mart themselves have that they are fully abusing to their advantage, and it’s time that these global supermarket sharks are swept away. The Competition Commission in the UK found that these major retailers benefit from a price advantage that exceeds even the cost difference, while also delaying and extending payments, essentially forcing manufacturers to supply them at best break-even or a loss. And, where this power is indefinitely abused is the fact that retailers can easily drop products from their shelves, and fully determine what goes on their shelves and under what terms, such as sources of production, packaging, quality of goods, returns policies and most importantly the pricing and payment conditions. **The INS Team and Partners** The INS founders and team comprises of veterans in not only the grocery industry but the global high level business environment, holding the relevant market experience and contacts to start a blockchain business of this scale. Some of their team experience come from top level prestigious global companies such as Rothschild, McKinsey & Company, Goldman Sachs, IBM, GE, PWC, MTS and Mail.ru to name a few. The INS founder gained global recognition through pioneering “Instamart”, a venture backed grocery delivery operator in Russia. Instamart has since signed contracts with some of the largest retailers in Russia and employs more than 200 people. In these 4 years the founders were able to become familiar with the grocery industry and find major flaws and drawbacks in the grocery retail ecosystem. Thus, the idea of INS was born to disrupt the grocery ecosystem by decentralising it and solve those issues surrounding abuse, monopolisation and manipulation by directly connecting consumers to manufacturers. Through Instamart the founders were able to develop a direct relationship with manufacturers that include the world’s largest multinational FMCG companies. Among them: Procter & Gamble, Coca-Cola, Unilever, Mars, PepsiCo and Valio — those 6 of which bring 99% of products and brands into households worldwide. Amid their partners of blockchain and FinTech companies are Bancor (decentralised liquidity network), Civic (blockchain identity verification), BitFury (software & hardware solutions), Ambrosus (IoT sensors to track quality of food & medicine), Blockchain Ventures (crypto & blockchain investment fund), DigitalX (blockchain advisory & consulting) among many others. **Existing Investors** INS already has investor support from the world’s 7th largest company by page views, and the largest internet company in Eastern Europe. The only company that could influence the world’s largest country (Russia) to not use Facebook — Mail.ru Group, founder and owner of VK (Russian social network), Armoured Warfare & Skyforge (gaming), Maps.me (map services), BeepCar (car sharing) and Delivery Club (food delivery service). Other existing investors include: Mr Lev Khasis, First Deputy CEO of Russia’s largest retail bank Sberbank. Mr Sergey Solonin who possesses 20 years of experience in payment and banking services and is Founder & CEO of Qiwi Group, a leading provider of next generation payment services in Russia and the Russian Commonwealth, turning over more than $10 billion. Mr Ilya Yakubson, recognised as “Man of the Year in Retail 2015” and Ex-CEO of Dixy, the 4th largest grocery retail chain in Russia. **Summary and Conclusion** In my personal opinion I think the INS Ecosystem will cause a huge disruption in the FMCG and grocery market, while giving an innovative platform and basis to eradicate the shark-like supermarket chains that only wish to manipulate things fully to their advantage. The fact that we as a global economy are in a paradigm shift technologically, politically and economically — largely contributed to by the crypto-sphere and blockchain technology makes it all the while better and more exciting. I believe that INS will have a fruitful future and big success within the crypto-sphere as a pioneering FinTech blockchain company that will change the way we shop. Meanwhile also doing some good ethical things such a revitalising the market environment for farmers and smaller scale producers & manufacturers. Their ICO will end in 3 and a half days, and INS has already managed to raise 90% of their target hard cap of 60,000 Ethereum (1 Ethereum is currently valued at $680). I believe that INS can greatly make a positive impact to the world economically, environmentally and also help to contribute in solving those issues mentioned surrounding global population crisis and food wastage & shortages. **If you wish to contribute to the ICO kindly use my referral link which you can find below:** https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f By participating to this ICO you will not only be making a contribution with hopefully gaining a great return on your investment, but you are also contributing as an honourable person to something which is ethical and moral; something which will change the monopolistic and abusive shopping environment that the big global retailers and supermarket chains have sustained for too long! *For more information on INS Ecosystem:* Website — ins.world/ Whitepaper — ins.world/INS-ICO-Whitepaper.pdf Presentation — ins.world/INS-ICO-Presentation.pdf OnePager — ins.world/INS-ICO-OnePager.pdf Facebook — www.facebook.com/ins.ecosystem Twitter — www.twitter.com/ins_ecosystem Twitter Handle — @INS_Ecosystem Telegram Chat — t.me/ins_ecosystem or @ins_ecosystem
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      "title": "Blockchain Brought to the Grocery Industry! INS Revolutionising the Ecosystem for FMCG Companies",
      "body": "INS, a new blockchain establishment is bringing a revolutionary and innovative system to the grocery industry, primarily targeting Fast Moving Consumer Goods (FMCG) companies. The INS Ecosystem is the first global DECENTRALISED ecosystem that will directly connect grocery manufacturers and consumers, by utilising blockchain technology. There is a huge market for INS as currently there is no mainstream FinTech or Blockchain company that is challenging large scale retailers and the monopolistic environment that global supermarket chains have on the FMCG and retail industry. INS aims to change that by connecting the manufacturers directly with the global consumer market, in essence cutting out the middle man. It should be noted now that 7 out of the Top-20 global FMCG manufacturers and more than 100 in total are showing interest to join the INS Ecosystem. Among them are global well-known brands such as Dettol, Air Wick, Calagon, Vanish, Veet, Gaviscon, Scholl and Durex.\n![](https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png)\n\n\n**Why is this Revolutionary?**\nWell seeing that the global FMCG and grocery retail markets are currently dominated primarily by a select few large scale retailers and supermarket chains, the essence of INS cutting out the “middle man” shall change the way consumers are able to buy products. While the internet has already been shifting the way consumers are buying goods, online grocery shopping has been the primary method that households use to conduct their weekly or monthly shopping. There actually isn’t a need any more for the “middle man” supermarket chains to be the ones to supply to consumers. Asides from benefitting the industry as a whole, INS will be positively contributing to globally concerning issues that are in the mainstream spotlight. These include issues such as environmental sustainability — as energy consumption is increasing and global carbon emissions are at an all-time high creating mass global warming, population growth — which requires development of housing infrastructures, and issues surrounding wastage of products — as shortages in food and resources are expected to follow during our times of the millennia global growth catastrophe that our world is in. With the supermarket chains being challenged we could potentially see a huge amount of space and land being freed up as large scale hypermarkets will end up not being sustainable enough to be run anymore and having to close down, essentially reducing energy outputs and allowing space for housing infrastructure developments. The fact that some hypermarkets are open 24/7 the energy consumption that these establishments use combined is enormous, considering that checkout POS systems, chill rooms, offices and lighting are all constantly running and consuming power. INS is positively taking advantage of the technological paradigm shift that blockchain technology and smart contracts are bringing to our global economy.\n\n**How is it Beneficial to Global Public Consumers?**\nConsidering that 4 main global retailers currently hold a 76% market share of the grocery shopping industry, public consumers are essentially involuntarily forced to buy from those outlets. The fact that INS aims to connect the manufacturers directly to consumers will bypass those monopolistic companies and enable consumers to obtain their household goods for up to 30% cheaper than they would otherwise. Trade promotions are also a big issue that retailers manipulate and abuse, by pushing certain brands and products onto customers due to promotions and discounts. Deloitte stated that trade promotion spending represent 17% of manufacturer’s sales, however, over $50 billion each year of trade promotions actually never reach the consumer. This is due to the lack of accurate timely information, the inability to plan promotions based on analytics, ineffective organisation and partner integration, and the lack of appropriate KPIs. By weaving out the big retailers not only will consumers be given a better price for goods, but also be able to buy the products which they want, and not influenced by ones which attract them due to being on promotional offer or discounted. INS calls it *“Consumption 2.0”*, a form of solving the issue of one way street communication where retailer’s push those goods what help to maximize their profits, and not that what consumers actually want. With the INS Ecosystem it will provide a more personalised and transparent approach to grocery shopping, keeping both consumers and manufacturers happy, while solving current issues within the FMCG supply chain. INS also aims to incorporate a reward system whereby manufacturers create bespoke marketing programs which will incentivise and reward their customers directly. It will operate in a similar fashion to the airline industry’s miles-based reward programs, however, thanks to blockchain technology and smart contracts it will be not only cheaper to run but more technologically advanced.\n\n**Benefiting Farmers and Smaller Manufacturers**\nThe INS ecosystem also aims to benefit smaller manufacturers and specifically farmers too. While the world is heading into an era where GMO goods are being frowned upon and there is more concern about chemically genetically modified production, the general public are more steered towards fresh and organic produce. With farmers usually operating small scale establishments, maybe having a family run store on their farm, or at most a small online shop, INS will directly benefit and help farmers themselves to start supplying on a national and global scale. This essentially will not only help growth for these small family run farms, but also assist them in scaling up their operations, maybe even swinging people towards supporting and buying products from the smaller supplier than buying from the larger corporations. The INS Ecosystem is really revolutionising the grocery industry from the top-down, and it will be beneficial for many small scale operations and retailers. The supermarkets have crushed local people and family businesses long enough and it is surely that time for a positive and innovative change.\n\n**The Problem with Supermarkets**\nThere are numerous problems and enormous issues that have been established with supermarkets and the large retail chains, which INS has identified and aims to eradicate. Firstly, it is due to the monopolistic environment — the buyer power by retailers. As previously mentioned the 4 main retailers control a 76% market share of the grocery shopping market and this has led them to abuse their buyer power to unethically force and influence manufacturers to meet their unprincipled needs and desires. In many countries just a few retailers have the power over the whole market, for instance in the UK it’s Tesco, Lidl and Waitrose, in the USA it’s Wal-Mart and Albertsons, in Germany it’s Kaiser and Real and in Austria it is Hofer/Aldi. These companies have a major influence on the products they wish to market and sell, mainly derived from maximising profit. They are able to put pressure and unethically influence the manufacturers to supply them those brands which can help to achieve their goals of profit maximisation, meanwhile most of the time not even passing down the full discounts to the consumer.\n\nUsing buyer power to an advantage is not a bad thing; business is business at the end of the day. However, squeezing manufacturers beyond economies of scale and using that buyer power aggressively to seek larger volumes for better prices due to lack of manufacturers control is not fair. The full problem boils down to the fact that the supermarket chains have outgrown even their supplier’s market control, leaving manufacturers with little or no option regarding negotiations. The likes of the largest manufacturers such as Proctor & Gamble, Unilever and Nestle are essentially forced to comply with the large retailers conditions as a huge chunk of their revenue streams come from them, therefore, leading to the abuse from those large retailers to maximise their own gains. An example of this is that Wal-Mart accounted for 16% of Proctor & Gamble sales in 2016, yet their sales are more than 5 times greater than those of Proctor & Gamble who are their largest supplier. This is a super-monopolistic market share and influence that Wal-Mart themselves have that they are fully abusing to their advantage, and it’s time that these global supermarket sharks are swept away. The Competition Commission in the UK found that these major retailers benefit from a price advantage that exceeds even the cost difference, while also delaying and extending payments, essentially forcing manufacturers to supply them at best break-even or a loss. And, where this power is indefinitely abused is the fact that retailers can easily drop products from their shelves, and fully determine what goes on their shelves and under what terms, such as sources of production, packaging, quality of goods, returns policies and most importantly the pricing and payment conditions.\n\n**The INS Team and Partners**\nThe INS founders and team comprises of veterans in not only the grocery industry but the global high level business environment, holding the relevant market experience and contacts to start a blockchain business of this scale. Some of their team experience come from top level prestigious global companies such as Rothschild, McKinsey & Company, Goldman Sachs, IBM, GE, PWC, MTS and Mail.ru to name a few. The INS founder gained global recognition through pioneering “Instamart”, a venture backed grocery delivery operator in Russia. Instamart has since signed contracts with some of the largest retailers in Russia and employs more than 200 people. In these 4 years the founders were able to become familiar with the grocery industry and find major flaws and drawbacks in the grocery retail ecosystem. Thus, the idea of INS was born to disrupt the grocery ecosystem by decentralising it and solve those issues surrounding abuse, monopolisation and manipulation by directly connecting consumers to manufacturers. Through Instamart the founders were able to develop a direct relationship with manufacturers that include the world’s largest multinational FMCG companies. Among them: Procter & Gamble, Coca-Cola, Unilever, Mars, PepsiCo and Valio — those 6 of which bring 99% of products and brands into households worldwide.\n\nAmid their partners of blockchain and FinTech companies are Bancor (decentralised liquidity network), Civic (blockchain identity verification), BitFury (software & hardware solutions), Ambrosus (IoT sensors to track quality of food & medicine), Blockchain Ventures (crypto & blockchain investment fund), DigitalX (blockchain advisory & consulting) among many others.\n\n**Existing Investors**\nINS already has investor support from the world’s 7th largest company by page views, and the largest internet company in Eastern Europe. The only company that could influence the world’s largest country (Russia) to not use Facebook — Mail.ru Group, founder and owner of VK (Russian social network), Armoured Warfare & Skyforge (gaming), Maps.me (map services), BeepCar (car sharing) and Delivery Club (food delivery service). Other existing investors include:\n\nMr Lev Khasis, First Deputy CEO of Russia’s largest retail bank Sberbank.\n\nMr Sergey Solonin who possesses 20 years of experience in payment and banking services and is Founder & CEO of Qiwi Group, a leading provider of next generation payment services in Russia and the Russian Commonwealth, turning over more than $10 billion.\n\nMr Ilya Yakubson, recognised as “Man of the Year in Retail 2015” and Ex-CEO of Dixy, the 4th largest grocery retail chain in Russia.\n\n**Summary and Conclusion**\nIn my personal opinion I think the INS Ecosystem will cause a huge disruption in the FMCG and grocery market, while giving an innovative platform and basis to eradicate the shark-like supermarket chains that only wish to manipulate things fully to their advantage. The fact that we as a global economy are in a paradigm shift technologically, politically and economically — largely contributed to by the crypto-sphere and blockchain technology makes it all the while better and more exciting. I believe that INS will have a fruitful future and big success within the crypto-sphere as a pioneering FinTech blockchain company that will change the way we shop. Meanwhile also doing some good ethical things such a revitalising the market environment for farmers and smaller scale producers & manufacturers. Their ICO will end in 3 and a half days, and INS has already managed to raise 90% of their target hard cap of 60,000 Ethereum (1 Ethereum is currently valued at $680).\n\nI believe that INS can greatly make a positive impact to the world economically, environmentally and also help to contribute in solving those issues mentioned surrounding global population crisis and food wastage & shortages. **If you wish to contribute to the ICO kindly use my referral link which you can find below:** \nhttps://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f\n\nBy participating to this ICO you will not only be making a contribution with hopefully gaining a great return on your investment, but you are also contributing as an honourable person to something which is ethical and moral; something which will change the monopolistic and abusive shopping environment that the big global retailers and supermarket chains have sustained for too long!\n\n*For more information on INS Ecosystem:*\nWebsite — ins.world/\n\nWhitepaper — ins.world/INS-ICO-Whitepaper.pdf\n\nPresentation — ins.world/INS-ICO-Presentation.pdf\n\nOnePager — ins.world/INS-ICO-OnePager.pdf\n\nFacebook — www.facebook.com/ins.ecosystem\n\nTwitter — www.twitter.com/ins_ecosystem\n\nTwitter Handle — @INS_Ecosystem\n\nTelegram Chat — t.me/ins_ecosystem or @ins_ecosystem",
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2017/12/18 04:31:36
parent author
parent permlinkblockchain
authorelcryptodon
permlinkblockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies
titleBlockchain Brought to the Grocery Industry! INS Revolutionising the Ecosystem for FMCG Companies
bodyINS, a new blockchain establishment is bringing a revolutionary and innovative system to the grocery industry, primarily targeting Fast Moving Consumer Goods (FMCG) companies. The INS Ecosystem is the first global DECENTRALISED ecosystem that will directly connect grocery manufacturers and consumers, by utilising blockchain technology. There is a huge market for INS as currently there is no mainstream FinTech or Blockchain company that is challenging large scale retailers and the monopolistic environment that global supermarket chains have on the FMCG and retail industry. INS aims to change that by connecting the manufacturers directly with the global consumer market, in essence cutting out the middle man. It should be noted now that 7 out of the Top-20 global FMCG manufacturers and more than 100 in total are showing interest to join the INS Ecosystem. Among them are global well-known brands such as Dettol, Air Wick, Calagon, Vanish, Veet, Gaviscon, Scholl and Durex. ![](https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png) **Why is this Revolutionary?** Well seeing that the global FMCG and grocery retail markets are currently dominated primarily by a select few large scale retailers and supermarket chains, the essence of INS cutting out the “middle man” shall change the way consumers are able to buy products. While the internet has already been shifting the way consumers are buying goods, online grocery shopping has been the primary method that households use to conduct their weekly or monthly shopping. There actually isn’t a need any more for the “middle man” supermarket chains to be the ones to supply to consumers. Asides from benefitting the industry as a whole, INS will be positively contributing to globally concerning issues that are in the mainstream spotlight. These include issues such as environmental sustainability — as energy consumption is increasing and global carbon emissions are at an all-time high creating mass global warming, population growth — which requires development of housing infrastructures, and issues surrounding wastage of products — as shortages in food and resources are expected to follow during our times of the millennia global growth catastrophe that our world is in. With the supermarket chains being challenged we could potentially see a huge amount of space and land being freed up as large scale hypermarkets will end up not being sustainable enough to be run anymore and having to close down, essentially reducing energy outputs and allowing space for housing infrastructure developments. The fact that some hypermarkets are open 24/7 the energy consumption that these establishments use combined is enormous, considering that checkout POS systems, chill rooms, offices and lighting are all constantly running and consuming power. INS is positively taking advantage of the technological paradigm shift that blockchain technology and smart contracts are bringing to our global economy. **How is it Beneficial to Global Public Consumers?** Considering that 4 main global retailers currently hold a 76% market share of the grocery shopping industry, public consumers are essentially involuntarily forced to buy from those outlets. The fact that INS aims to connect the manufacturers directly to consumers will bypass those monopolistic companies and enable consumers to obtain their household goods for up to 30% cheaper than they would otherwise. Trade promotions are also a big issue that retailers manipulate and abuse, by pushing certain brands and products onto customers due to promotions and discounts. Deloitte stated that trade promotion spending represent 17% of manufacturer’s sales, however, over $50 billion each year of trade promotions actually never reach the consumer. This is due to the lack of accurate timely information, the inability to plan promotions based on analytics, ineffective organisation and partner integration, and the lack of appropriate KPIs. By weaving out the big retailers not only will consumers be given a better price for goods, but also be able to buy the products which they want, and not influenced by ones which attract them due to being on promotional offer or discounted. INS calls it *“Consumption 2.0”*, a form of solving the issue of one way street communication where retailer’s push those goods what help to maximize their profits, and not that what consumers actually want. With the INS Ecosystem it will provide a more personalised and transparent approach to grocery shopping, keeping both consumers and manufacturers happy, while solving current issues within the FMCG supply chain. INS also aims to incorporate a reward system whereby manufacturers create bespoke marketing programs which will incentivise and reward their customers directly. It will operate in a similar fashion to the airline industry’s miles-based reward programs, however, thanks to blockchain technology and smart contracts it will be not only cheaper to run but more technologically advanced. **Benefiting Farmers and Smaller Manufacturers** The INS ecosystem also aims to benefit smaller manufacturers and specifically farmers too. While the world is heading into an era where GMO goods are being frowned upon and there is more concern about chemically genetically modified production, the general public are more steered towards fresh and organic produce. With farmers usually operating small scale establishments, maybe having a family run store on their farm, or at most a small online shop, INS will directly benefit and help farmers themselves to start supplying on a national and global scale. This essentially will not only help growth for these small family run farms, but also assist them in scaling up their operations, maybe even swinging people towards supporting and buying products from the smaller supplier than buying from the larger corporations. The INS Ecosystem is really revolutionising the grocery industry from the top-down, and it will be beneficial for many small scale operations and retailers. The supermarkets have crushed local people and family businesses long enough and it is surely that time for a positive and innovative change. **The Problem with Supermarkets** There are numerous problems and enormous issues that have been established with supermarkets and the large retail chains, which INS has identified and aims to eradicate. Firstly, it is due to the monopolistic environment — the buyer power by retailers. As previously mentioned the 4 main retailers control a 76% market share of the grocery shopping market and this has led them to abuse their buyer power to unethically force and influence manufacturers to meet their unprincipled needs and desires. In many countries just a few retailers have the power over the whole market, for instance in the UK it’s Tesco, Lidl and Waitrose, in the USA it’s Wal-Mart and Albertsons, in Germany it’s Kaiser and Real and in Austria it is Hofer/Aldi. These companies have a major influence on the products they wish to market and sell, mainly derived from maximising profit. They are able to put pressure and unethically influence the manufacturers to supply them those brands which can help to achieve their goals of profit maximisation, meanwhile most of the time not even passing down the full discounts to the consumer. Using buyer power to an advantage is not a bad thing; business is business at the end of the day. However, squeezing manufacturers beyond economies of scale and using that buyer power aggressively to seek larger volumes for better prices due to lack of manufacturers control is not fair. The full problem boils down to the fact that the supermarket chains have outgrown even their supplier’s market control, leaving manufacturers with little or no option regarding negotiations. The likes of the largest manufacturers such as Proctor & Gamble, Unilever and Nestle are essentially forced to comply with the large retailers conditions as a huge chunk of their revenue streams come from them, therefore, leading to the abuse from those large retailers to maximise their own gains. An example of this is that Wal-Mart accounted for 16% of Proctor & Gamble sales in 2016, yet their sales are more than 5 times greater than those of Proctor & Gamble who are their largest supplier. This is a super-monopolistic market share and influence that Wal-Mart themselves have that they are fully abusing to their advantage, and it’s time that these global supermarket sharks are swept away. The Competition Commission in the UK found that these major retailers benefit from a price advantage that exceeds even the cost difference, while also delaying and extending payments, essentially forcing manufacturers to supply them at best break-even or a loss. And, where this power is indefinitely abused is the fact that retailers can easily drop products from their shelves, and fully determine what goes on their shelves and under what terms, such as sources of production, packaging, quality of goods, returns policies and most importantly the pricing and payment conditions. **The INS Team and Partners** The INS founders and team comprises of veterans in not only the grocery industry but the global high level business environment, holding the relevant market experience and contacts to start a blockchain business of this scale. Some of their team experience come from top level prestigious global companies such as Rothschild, McKinsey & Company, Goldman Sachs, IBM, GE, PWC, MTS and Mail.ru to name a few. The INS founder gained global recognition through pioneering “Instamart”, a venture backed grocery delivery operator in Russia. Instamart has since signed contracts with some of the largest retailers in Russia and employs more than 200 people. In these 4 years the founders were able to become familiar with the grocery industry and find major flaws and drawbacks in the grocery retail ecosystem. Thus, the idea of INS was born to disrupt the grocery ecosystem by decentralising it and solve those issues surrounding abuse, monopolisation and manipulation by directly connecting consumers to manufacturers. Through Instamart the founders were able to develop a direct relationship with manufacturers that include the world’s largest multinational FMCG companies. Among them: Procter & Gamble, Coca-Cola, Unilever, Mars, PepsiCo and Valio — those 6 of which bring 99% of products and brands into households worldwide. Amid their partners of blockchain and FinTech companies are Bancor (decentralised liquidity network), Civic (blockchain identity verification), BitFury (software & hardware solutions), Ambrosus (IoT sensors to track quality of food & medicine), Blockchain Ventures (crypto & blockchain investment fund), DigitalX (blockchain advisory & consulting) among many others. **Existing Investors** INS already has investor support from the world’s 7th largest company by page views, and the largest internet company in Eastern Europe. The only company that could influence the world’s largest country (Russia) to not use Facebook — Mail.ru Group, founder and owner of VK (Russian social network), Armoured Warfare & Skyforge (gaming), Maps.me (map services), BeepCar (car sharing) and Delivery Club (food delivery service). Other existing investors include: Mr Lev Khasis, First Deputy CEO of Russia’s largest retail bank Sberbank. Mr Sergey Solonin who possesses 20 years of experience in payment and banking services and is Founder & CEO of Qiwi Group, a leading provider of next generation payment services in Russia and the Russian Commonwealth, turning over more than $10 billion. Mr Ilya Yakubson, recognised as “Man of the Year in Retail 2015” and Ex-CEO of Dixy, the 4th largest grocery retail chain in Russia. **Summary and Conclusion** In my personal opinion I think the INS Ecosystem will cause a huge disruption in the FMCG and grocery market, while giving an innovative platform and basis to eradicate the shark-like supermarket chains that only wish to manipulate things fully to their advantage. The fact that we as a global economy are in a paradigm shift technologically, politically and economically — largely contributed to by the crypto-sphere and blockchain technology makes it all the while better and more exciting. I believe that INS will have a fruitful future and big success within the crypto-sphere as a pioneering FinTech blockchain company that will change the way we shop. Meanwhile also doing some good ethical things such a revitalising the market environment for farmers and smaller scale producers & manufacturers. Their ICO will end in 3 and a half days, and INS has already managed to raise 90% of their target hard cap of 60,000 Ethereum (1 Ethereum is currently valued at $680). I believe that INS can greatly make a positive impact to the world economically, environmentally and also help to contribute in solving those issues mentioned surrounding global population crisis and food wastage & shortages. **If you wish to contribute to the ICO kindly use my referral link which you can find below:** https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f By participating to this ICO you will not only be making a contribution with hopefully gaining a great return on your investment, but you are also contributing as an honourable person to something which is ethical and moral; something which will change the monopolistic and abusive shopping environment that the big global retailers and supermarket chains have sustained for too long! *For more information on INS Ecosystem:* Website — ins.world/ Whitepaper — ins.world/INS-ICO-Whitepaper.pdf Presentation — ins.world/INS-ICO-Presentation.pdf OnePager — ins.world/INS-ICO-OnePager.pdf Facebook — www.facebook.com/ins.ecosystem Twitter — www.twitter.com/ins_ecosystem Twitter Handle — @INS_Ecosystem Telegram Chat — t.me/ins_ecosystem or @ins_ecosystem
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Transaction InfoBlock #18183974/Trx e6df2821d34c3dfcff0b910112db0a12afa4dad9
View Raw JSON Data
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  "timestamp": "2017-12-18T04:31:36",
  "op": [
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      "parent_author": "",
      "parent_permlink": "blockchain",
      "author": "elcryptodon",
      "permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
      "title": "Blockchain Brought to the Grocery Industry! INS Revolutionising the Ecosystem for FMCG Companies",
      "body": "INS, a new blockchain establishment is bringing a revolutionary and innovative system to the grocery industry, primarily targeting Fast Moving Consumer Goods (FMCG) companies. The INS Ecosystem is the first global DECENTRALISED ecosystem that will directly connect grocery manufacturers and consumers, by utilising blockchain technology. There is a huge market for INS as currently there is no mainstream FinTech or Blockchain company that is challenging large scale retailers and the monopolistic environment that global supermarket chains have on the FMCG and retail industry. INS aims to change that by connecting the manufacturers directly with the global consumer market, in essence cutting out the middle man. It should be noted now that 7 out of the Top-20 global FMCG manufacturers and more than 100 in total are showing interest to join the INS Ecosystem. Among them are global well-known brands such as Dettol, Air Wick, Calagon, Vanish, Veet, Gaviscon, Scholl and Durex.\n![](https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png)\n\n\n**Why is this Revolutionary?**\nWell seeing that the global FMCG and grocery retail markets are currently dominated primarily by a select few large scale retailers and supermarket chains, the essence of INS cutting out the “middle man” shall change the way consumers are able to buy products. While the internet has already been shifting the way consumers are buying goods, online grocery shopping has been the primary method that households use to conduct their weekly or monthly shopping. There actually isn’t a need any more for the “middle man” supermarket chains to be the ones to supply to consumers. Asides from benefitting the industry as a whole, INS will be positively contributing to globally concerning issues that are in the mainstream spotlight. These include issues such as environmental sustainability — as energy consumption is increasing and global carbon emissions are at an all-time high creating mass global warming, population growth — which requires development of housing infrastructures, and issues surrounding wastage of products — as shortages in food and resources are expected to follow during our times of the millennia global growth catastrophe that our world is in. With the supermarket chains being challenged we could potentially see a huge amount of space and land being freed up as large scale hypermarkets will end up not being sustainable enough to be run anymore and having to close down, essentially reducing energy outputs and allowing space for housing infrastructure developments. The fact that some hypermarkets are open 24/7 the energy consumption that these establishments use combined is enormous, considering that checkout POS systems, chill rooms, offices and lighting are all constantly running and consuming power. INS is positively taking advantage of the technological paradigm shift that blockchain technology and smart contracts are bringing to our global economy.\n\n**How is it Beneficial to Global Public Consumers?**\nConsidering that 4 main global retailers currently hold a 76% market share of the grocery shopping industry, public consumers are essentially involuntarily forced to buy from those outlets. The fact that INS aims to connect the manufacturers directly to consumers will bypass those monopolistic companies and enable consumers to obtain their household goods for up to 30% cheaper than they would otherwise. Trade promotions are also a big issue that retailers manipulate and abuse, by pushing certain brands and products onto customers due to promotions and discounts. Deloitte stated that trade promotion spending represent 17% of manufacturer’s sales, however, over $50 billion each year of trade promotions actually never reach the consumer. This is due to the lack of accurate timely information, the inability to plan promotions based on analytics, ineffective organisation and partner integration, and the lack of appropriate KPIs. By weaving out the big retailers not only will consumers be given a better price for goods, but also be able to buy the products which they want, and not influenced by ones which attract them due to being on promotional offer or discounted. INS calls it *“Consumption 2.0”*, a form of solving the issue of one way street communication where retailer’s push those goods what help to maximize their profits, and not that what consumers actually want. With the INS Ecosystem it will provide a more personalised and transparent approach to grocery shopping, keeping both consumers and manufacturers happy, while solving current issues within the FMCG supply chain. INS also aims to incorporate a reward system whereby manufacturers create bespoke marketing programs which will incentivise and reward their customers directly. It will operate in a similar fashion to the airline industry’s miles-based reward programs, however, thanks to blockchain technology and smart contracts it will be not only cheaper to run but more technologically advanced.\n\n**Benefiting Farmers and Smaller Manufacturers**\nThe INS ecosystem also aims to benefit smaller manufacturers and specifically farmers too. While the world is heading into an era where GMO goods are being frowned upon and there is more concern about chemically genetically modified production, the general public are more steered towards fresh and organic produce. With farmers usually operating small scale establishments, maybe having a family run store on their farm, or at most a small online shop, INS will directly benefit and help farmers themselves to start supplying on a national and global scale. This essentially will not only help growth for these small family run farms, but also assist them in scaling up their operations, maybe even swinging people towards supporting and buying products from the smaller supplier than buying from the larger corporations. The INS Ecosystem is really revolutionising the grocery industry from the top-down, and it will be beneficial for many small scale operations and retailers. The supermarkets have crushed local people and family businesses long enough and it is surely that time for a positive and innovative change.\n\n**The Problem with Supermarkets**\nThere are numerous problems and enormous issues that have been established with supermarkets and the large retail chains, which INS has identified and aims to eradicate. Firstly, it is due to the monopolistic environment — the buyer power by retailers. As previously mentioned the 4 main retailers control a 76% market share of the grocery shopping market and this has led them to abuse their buyer power to unethically force and influence manufacturers to meet their unprincipled needs and desires. In many countries just a few retailers have the power over the whole market, for instance in the UK it’s Tesco, Lidl and Waitrose, in the USA it’s Wal-Mart and Albertsons, in Germany it’s Kaiser and Real and in Austria it is Hofer/Aldi. These companies have a major influence on the products they wish to market and sell, mainly derived from maximising profit. They are able to put pressure and unethically influence the manufacturers to supply them those brands which can help to achieve their goals of profit maximisation, meanwhile most of the time not even passing down the full discounts to the consumer.\n\nUsing buyer power to an advantage is not a bad thing; business is business at the end of the day. However, squeezing manufacturers beyond economies of scale and using that buyer power aggressively to seek larger volumes for better prices due to lack of manufacturers control is not fair. The full problem boils down to the fact that the supermarket chains have outgrown even their supplier’s market control, leaving manufacturers with little or no option regarding negotiations. The likes of the largest manufacturers such as Proctor & Gamble, Unilever and Nestle are essentially forced to comply with the large retailers conditions as a huge chunk of their revenue streams come from them, therefore, leading to the abuse from those large retailers to maximise their own gains. An example of this is that Wal-Mart accounted for 16% of Proctor & Gamble sales in 2016, yet their sales are more than 5 times greater than those of Proctor & Gamble who are their largest supplier. This is a super-monopolistic market share and influence that Wal-Mart themselves have that they are fully abusing to their advantage, and it’s time that these global supermarket sharks are swept away. The Competition Commission in the UK found that these major retailers benefit from a price advantage that exceeds even the cost difference, while also delaying and extending payments, essentially forcing manufacturers to supply them at best break-even or a loss. And, where this power is indefinitely abused is the fact that retailers can easily drop products from their shelves, and fully determine what goes on their shelves and under what terms, such as sources of production, packaging, quality of goods, returns policies and most importantly the pricing and payment conditions.\n\n**The INS Team and Partners**\nThe INS founders and team comprises of veterans in not only the grocery industry but the global high level business environment, holding the relevant market experience and contacts to start a blockchain business of this scale. Some of their team experience come from top level prestigious global companies such as Rothschild, McKinsey & Company, Goldman Sachs, IBM, GE, PWC, MTS and Mail.ru to name a few. The INS founder gained global recognition through pioneering “Instamart”, a venture backed grocery delivery operator in Russia. Instamart has since signed contracts with some of the largest retailers in Russia and employs more than 200 people. In these 4 years the founders were able to become familiar with the grocery industry and find major flaws and drawbacks in the grocery retail ecosystem. Thus, the idea of INS was born to disrupt the grocery ecosystem by decentralising it and solve those issues surrounding abuse, monopolisation and manipulation by directly connecting consumers to manufacturers. Through Instamart the founders were able to develop a direct relationship with manufacturers that include the world’s largest multinational FMCG companies. Among them: Procter & Gamble, Coca-Cola, Unilever, Mars, PepsiCo and Valio — those 6 of which bring 99% of products and brands into households worldwide.\n\nAmid their partners of blockchain and FinTech companies are Bancor (decentralised liquidity network), Civic (blockchain identity verification), BitFury (software & hardware solutions), Ambrosus (IoT sensors to track quality of food & medicine), Blockchain Ventures (crypto & blockchain investment fund), DigitalX (blockchain advisory & consulting) among many others.\n\n**Existing Investors**\nINS already has investor support from the world’s 7th largest company by page views, and the largest internet company in Eastern Europe. The only company that could influence the world’s largest country (Russia) to not use Facebook — Mail.ru Group, founder and owner of VK (Russian social network), Armoured Warfare & Skyforge (gaming), Maps.me (map services), BeepCar (car sharing) and Delivery Club (food delivery service). Other existing investors include:\n\nMr Lev Khasis, First Deputy CEO of Russia’s largest retail bank Sberbank.\n\nMr Sergey Solonin who possesses 20 years of experience in payment and banking services and is Founder & CEO of Qiwi Group, a leading provider of next generation payment services in Russia and the Russian Commonwealth, turning over more than $10 billion.\n\nMr Ilya Yakubson, recognised as “Man of the Year in Retail 2015” and Ex-CEO of Dixy, the 4th largest grocery retail chain in Russia.\n\n**Summary and Conclusion**\nIn my personal opinion I think the INS Ecosystem will cause a huge disruption in the FMCG and grocery market, while giving an innovative platform and basis to eradicate the shark-like supermarket chains that only wish to manipulate things fully to their advantage. The fact that we as a global economy are in a paradigm shift technologically, politically and economically — largely contributed to by the crypto-sphere and blockchain technology makes it all the while better and more exciting. I believe that INS will have a fruitful future and big success within the crypto-sphere as a pioneering FinTech blockchain company that will change the way we shop. Meanwhile also doing some good ethical things such a revitalising the market environment for farmers and smaller scale producers & manufacturers. Their ICO will end in 3 and a half days, and INS has already managed to raise 90% of their target hard cap of 60,000 Ethereum (1 Ethereum is currently valued at $680).\n\nI believe that INS can greatly make a positive impact to the world economically, environmentally and also help to contribute in solving those issues mentioned surrounding global population crisis and food wastage & shortages. **If you wish to contribute to the ICO kindly use my referral link which you can find below:** \nhttps://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f\n\nBy participating to this ICO you will not only be making a contribution with hopefully gaining a great return on your investment, but you are also contributing as an honourable person to something which is ethical and moral; something which will change the monopolistic and abusive shopping environment that the big global retailers and supermarket chains have sustained for too long!\n\n*For more information on INS Ecosystem:*\nWebsite — ins.world/\n\nWhitepaper — ins.world/INS-ICO-Whitepaper.pdf\n\nPresentation — ins.world/INS-ICO-Presentation.pdf\n\nOnePager — ins.world/INS-ICO-OnePager.pdf\n\nFacebook — www.facebook.com/ins.ecosystem\n\nTwitter — www.twitter.com/ins_ecosystem\n\nTwitter Handle — @INS_Ecosystem\n\nTelegram Chat — t.me/ins_ecosystem or @ins_ecosystem",
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2017/12/18 04:13:21
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titleBlockchain Brought to the Grocery Industry! INS Revolutionising the Ecosystem for FMCG Companies
bodyINS, a new blockchain establishment is bringing a revolutionary and innovative system to the grocery industry, primarily targeting Fast Moving Consumer Goods (FMCG) companies. The INS Ecosystem is the first global DECENTRALISED ecosystem that will directly connect grocery manufacturers and consumers, by utilising blockchain technology. There is a huge market for INS as currently there is no mainstream FinTech or Blockchain company that is challenging large scale retailers and the monopolistic environment that global supermarket chains have on the FMCG and retail industry. INS aims to change that by connecting the manufacturers directly with the global consumer market, in essence cutting out the middle man. It should be noted now that 7 out of the Top-20 global FMCG manufacturers and more than 100 in total are showing interest to join the INS Ecosystem. Among them are global well-known brands such as Dettol, Air Wick, Calagon, Vanish, Veet, Gaviscon, Scholl and Durex. ![](https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png) **Why is this Revolutionary?** Well seeing that the global FMCG and grocery retail markets are currently dominated primarily by a select few large scale retailers and supermarket chains, the essence of INS cutting out the “middle man” shall change the way consumers are able to buy products. While the internet has already been shifting the way consumers are buying goods, online grocery shopping has been the primary method that households use to conduct their weekly or monthly shopping. There actually isn’t a need any more for the “middle man” supermarket chains to be the ones to supply to consumers. Asides from benefitting the industry as a whole, INS will be positively contributing to globally concerning issues that are in the mainstream spotlight. These include issues such as environmental sustainability — as energy consumption is increasing and global carbon emissions are at an all-time high creating mass global warming, population growth — which requires development of housing infrastructures, and issues surrounding wastage of products — as shortages in food and resources are expected to follow during our times of the millennia global growth catastrophe that our world is in. With the supermarket chains being challenged we could potentially see a huge amount of space and land being freed up as large scale hypermarkets will end up not being sustainable enough to be run anymore and having to close down, essentially reducing energy outputs and allowing space for housing infrastructure developments. The fact that some hypermarkets are open 24/7 the energy consumption that these establishments use combined is enormous, considering that checkout POS systems, chill rooms, offices and lighting are all constantly running and consuming power. INS is positively taking advantage of the technological paradigm shift that blockchain technology and smart contracts are bringing to our global economy. **How is it Beneficial to Global Public Consumers?** Considering that 4 main global retailers currently hold a 76% market share of the grocery shopping industry, public consumers are essentially involuntarily forced to buy from those outlets. The fact that INS aims to connect the manufacturers directly to consumers will bypass those monopolistic companies and enable consumers to obtain their household goods for up to 30% cheaper than they would otherwise. Trade promotions are also a big issue that retailers manipulate and abuse, by pushing certain brands and products onto customers due to promotions and discounts. Deloitte stated that trade promotion spending represent 17% of manufacturer’s sales, however, over $50 billion each year of trade promotions actually never reach the consumer. This is due to the lack of accurate timely information, the inability to plan promotions based on analytics, ineffective organisation and partner integration, and the lack of appropriate KPIs. By weaving out the big retailers not only will consumers be given a better price for goods, but also be able to buy the products which they want, and not influenced by ones which attract them due to being on promotional offer or discounted. INS calls it *“Consumption 2.0”*, a form of solving the issue of one way street communication where retailer’s push those goods what help to maximize their profits, and not that what consumers actually want. With the INS Ecosystem it will provide a more personalised and transparent approach to grocery shopping, keeping both consumers and manufacturers happy, while solving current issues within the FMCG supply chain. INS also aims to incorporate a reward system whereby manufacturers create bespoke marketing programs which will incentivise and reward their customers directly. It will operate in a similar fashion to the airline industry’s miles-based reward programs, however, thanks to blockchain technology and smart contracts it will be not only cheaper to run but more technologically advanced. **Benefiting Farmers and Smaller Manufacturers** The INS ecosystem also aims to benefit smaller manufacturers and specifically farmers too. While the world is heading into an era where GMO goods are being frowned upon and there is more concern about chemically genetically modified production, the general public are more steered towards fresh and organic produce. With farmers usually operating small scale establishments, maybe having a family run store on their farm, or at most a small online shop, INS will directly benefit and help farmers themselves to start supplying on a national and global scale. This essentially will not only help growth for these small family run farms, but also assist them in scaling up their operations, maybe even swinging people towards supporting and buying products from the smaller supplier than buying from the larger corporations. The INS Ecosystem is really revolutionising the grocery industry from the top-down, and it will be beneficial for many small scale operations and retailers. The supermarkets have crushed local people and family businesses long enough and it is surely that time for a positive and innovative change. **The Problem with Supermarkets** There are numerous problems and enormous issues that have been established with supermarkets and the large retail chains, which INS has identified and aims to eradicate. Firstly, it is due to the monopolistic environment — the buyer power by retailers. As previously mentioned the 4 main retailers control a 76% market share of the grocery shopping market and this has led them to abuse their buyer power to unethically force and influence manufacturers to meet their unprincipled needs and desires. In many countries just a few retailers have the power over the whole market, for instance in the UK it’s Tesco, Lidl and Waitrose, in the USA it’s Wal-Mart and Albertsons, in Germany it’s Kaiser and Real and in Austria it is Hofer/Aldi. These companies have a major influence on the products they wish to market and sell, mainly derived from maximising profit. They are able to put pressure and unethically influence the manufacturers to supply them those brands which can help to achieve their goals of profit maximisation, meanwhile most of the time not even passing down the full discounts to the consumer. Using buyer power to an advantage is not a bad thing; business is business at the end of the day. However, squeezing manufacturers beyond economies of scale and using that buyer power aggressively to seek larger volumes for better prices due to lack of manufacturers control is not fair. The full problem boils down to the fact that the supermarket chains have outgrown even their supplier’s market control, leaving manufacturers with little or no option regarding negotiations. The likes of the largest manufacturers such as Proctor & Gamble, Unilever and Nestle are essentially forced to comply with the large retailers conditions as a huge chunk of their revenue streams come from them, therefore, leading to the abuse from those large retailers to maximise their own gains. An example of this is that Wal-Mart accounted for 16% of Proctor & Gamble sales in 2016, yet their sales are more than 5 times greater than those of Proctor & Gamble who are their largest supplier. This is a super-monopolistic market share and influence that Wal-Mart themselves have that they are fully abusing to their advantage, and it’s time that these global supermarket sharks are swept away. The Competition Commission in the UK found that these major retailers benefit from a price advantage that exceeds even the cost difference, while also delaying and extending payments, essentially forcing manufacturers to supply them at best break-even or a loss. And, where this power is indefinitely abused is the fact that retailers can easily drop products from their shelves, and fully determine what goes on their shelves and under what terms, such as sources of production, packaging, quality of goods, returns policies and most importantly the pricing and payment conditions. **The INS Team and Partners** The INS founders and team comprises of veterans in not only the grocery industry but the global high level business environment, holding the relevant market experience and contacts to start a blockchain business of this scale. Some of their team experience come from top level prestigious global companies such as Rothschild, McKinsey & Company, Goldman Sachs, IBM, GE, PWC, MTS and Mail.ru to name a few. The INS founder gained global recognition through pioneering “Instamart”, a venture backed grocery delivery operator in Russia. Instamart has since signed contracts with some of the largest retailers in Russia and employs more than 200 people. In these 4 years the founders were able to become familiar with the grocery industry and find major flaws and drawbacks in the grocery retail ecosystem. Thus, the idea of INS was born to disrupt the grocery ecosystem by decentralising it and solve those issues surrounding abuse, monopolisation and manipulation by directly connecting consumers to manufacturers. Through Instamart the founders were able to develop a direct relationship with manufacturers that include the world’s largest multinational FMCG companies. Among them: Procter & Gamble, Coca-Cola, Unilever, Mars, PepsiCo and Valio — those 6 of which bring 99% of products and brands into households worldwide. Amid their partners of blockchain and FinTech companies are Bancor (decentralised liquidity network), Civic (blockchain identity verification), BitFury (software & hardware solutions), Ambrosus (IoT sensors to track quality of food & medicine), Blockchain Ventures (crypto & blockchain investment fund), DigitalX (blockchain advisory & consulting) among many others. **Existing Investors** INS already has investor support from the world’s 7th largest company by page views, and the largest internet company in Eastern Europe. The only company that could influence the world’s largest country (Russia) to not use Facebook — Mail.ru Group, founder and owner of VK (Russian social network), Armoured Warfare & Skyforge (gaming), Maps.me (map services), BeepCar (car sharing) and Delivery Club (food delivery service). Other existing investors include: Mr Lev Khasis, First Deputy CEO of Russia’s largest retail bank Sberbank. Mr Sergey Solonin who possesses 20 years of experience in payment and banking services and is Founder & CEO of Qiwi Group, a leading provider of next generation payment services in Russia and the Russian Commonwealth, turning over more than $10 billion. Mr Ilya Yakubson, recognised as “Man of the Year in Retail 2015” and Ex-CEO of Dixy, the 4th largest grocery retail chain in Russia. **Summary and Conclusion** In my personal opinion I think the INS Ecosystem will cause a huge disruption in the FMCG and grocery market, while giving an innovative platform and basis to eradicate the shark-like supermarket chains that only wish to manipulate things fully to their advantage. The fact that we as a global economy are in a paradigm shift technologically, politically and economically — largely contributed to by the crypto-sphere and blockchain technology makes it all the while better and more exciting. I believe that INS will have a fruitful future and big success within the crypto-sphere as a pioneering FinTech blockchain company that will change the way we shop. Meanwhile also doing some good ethical things such a revitalising the market environment for farmers and smaller scale producers & manufacturers. Their ICO will end in 3 and a half days, and INS has already managed to raise 90% of their target hard cap of 60,000 Ethereum (1 Ethereum is currently valued at $680). I believe that INS can greatly make a positive impact to the world economically, environmentally and also help to contribute in solving those issues mentioned surrounding global population crisis and food wastage & shortages. **If you wish to contribute to the ICO kindly use my referral link which you can find below:** https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f By participating to this ICO you will not only be making a contribution with hopefully gaining a great return on your investment, but you are also contributing as an honourable person to something which is ethical and moral; something which will change the monopolistic and abusive shopping environment that the big global retailers and supermarket chains have sustained for too long! *For more information on INS Ecosystem:* Website — ins.world/ Whitepaper — ins.world/INS-ICO-Whitepaper.pdf Presentation — ins.world/INS-ICO-Presentation.pdf OnePager — ins.world/INS-ICO-OnePager.pdf Facebook — www.facebook.com/ins.ecosystem Twitter — www.twitter.com/ins_ecosystem Twitter Handle — @INS_Ecosystem Telegram Chat — t.me/ins_ecosystem or @ins_ecosystem
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      "title": "Blockchain Brought to the Grocery Industry! INS Revolutionising the Ecosystem for FMCG Companies",
      "body": "INS, a new blockchain establishment is bringing a revolutionary and innovative system to the grocery industry, primarily targeting Fast Moving Consumer Goods (FMCG) companies. The INS Ecosystem is the first global DECENTRALISED ecosystem that will directly connect grocery manufacturers and consumers, by utilising blockchain technology. There is a huge market for INS as currently there is no mainstream FinTech or Blockchain company that is challenging large scale retailers and the monopolistic environment that global supermarket chains have on the FMCG and retail industry. INS aims to change that by connecting the manufacturers directly with the global consumer market, in essence cutting out the middle man. It should be noted now that 7 out of the Top-20 global FMCG manufacturers and more than 100 in total are showing interest to join the INS Ecosystem. Among them are global well-known brands such as Dettol, Air Wick, Calagon, Vanish, Veet, Gaviscon, Scholl and Durex.\n![](https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png)\n\n\n**Why is this Revolutionary?**\nWell seeing that the global FMCG and grocery retail markets are currently dominated primarily by a select few large scale retailers and supermarket chains, the essence of INS cutting out the “middle man” shall change the way consumers are able to buy products. While the internet has already been shifting the way consumers are buying goods, online grocery shopping has been the primary method that households use to conduct their weekly or monthly shopping. There actually isn’t a need any more for the “middle man” supermarket chains to be the ones to supply to consumers. Asides from benefitting the industry as a whole, INS will be positively contributing to globally concerning issues that are in the mainstream spotlight. These include issues such as environmental sustainability — as energy consumption is increasing and global carbon emissions are at an all-time high creating mass global warming, population growth — which requires development of housing infrastructures, and issues surrounding wastage of products — as shortages in food and resources are expected to follow during our times of the millennia global growth catastrophe that our world is in. With the supermarket chains being challenged we could potentially see a huge amount of space and land being freed up as large scale hypermarkets will end up not being sustainable enough to be run anymore and having to close down, essentially reducing energy outputs and allowing space for housing infrastructure developments. The fact that some hypermarkets are open 24/7 the energy consumption that these establishments use combined is enormous, considering that checkout POS systems, chill rooms, offices and lighting are all constantly running and consuming power. INS is positively taking advantage of the technological paradigm shift that blockchain technology and smart contracts are bringing to our global economy.\n\n**How is it Beneficial to Global Public Consumers?**\nConsidering that 4 main global retailers currently hold a 76% market share of the grocery shopping industry, public consumers are essentially involuntarily forced to buy from those outlets. The fact that INS aims to connect the manufacturers directly to consumers will bypass those monopolistic companies and enable consumers to obtain their household goods for up to 30% cheaper than they would otherwise. Trade promotions are also a big issue that retailers manipulate and abuse, by pushing certain brands and products onto customers due to promotions and discounts. Deloitte stated that trade promotion spending represent 17% of manufacturer’s sales, however, over $50 billion each year of trade promotions actually never reach the consumer. This is due to the lack of accurate timely information, the inability to plan promotions based on analytics, ineffective organisation and partner integration, and the lack of appropriate KPIs. By weaving out the big retailers not only will consumers be given a better price for goods, but also be able to buy the products which they want, and not influenced by ones which attract them due to being on promotional offer or discounted. INS calls it *“Consumption 2.0”*, a form of solving the issue of one way street communication where retailer’s push those goods what help to maximize their profits, and not that what consumers actually want. With the INS Ecosystem it will provide a more personalised and transparent approach to grocery shopping, keeping both consumers and manufacturers happy, while solving current issues within the FMCG supply chain. INS also aims to incorporate a reward system whereby manufacturers create bespoke marketing programs which will incentivise and reward their customers directly. It will operate in a similar fashion to the airline industry’s miles-based reward programs, however, thanks to blockchain technology and smart contracts it will be not only cheaper to run but more technologically advanced.\n\n**Benefiting Farmers and Smaller Manufacturers**\nThe INS ecosystem also aims to benefit smaller manufacturers and specifically farmers too. While the world is heading into an era where GMO goods are being frowned upon and there is more concern about chemically genetically modified production, the general public are more steered towards fresh and organic produce. With farmers usually operating small scale establishments, maybe having a family run store on their farm, or at most a small online shop, INS will directly benefit and help farmers themselves to start supplying on a national and global scale. This essentially will not only help growth for these small family run farms, but also assist them in scaling up their operations, maybe even swinging people towards supporting and buying products from the smaller supplier than buying from the larger corporations. The INS Ecosystem is really revolutionising the grocery industry from the top-down, and it will be beneficial for many small scale operations and retailers. The supermarkets have crushed local people and family businesses long enough and it is surely that time for a positive and innovative change.\n\n**The Problem with Supermarkets**\nThere are numerous problems and enormous issues that have been established with supermarkets and the large retail chains, which INS has identified and aims to eradicate. Firstly, it is due to the monopolistic environment — the buyer power by retailers. As previously mentioned the 4 main retailers control a 76% market share of the grocery shopping market and this has led them to abuse their buyer power to unethically force and influence manufacturers to meet their unprincipled needs and desires. In many countries just a few retailers have the power over the whole market, for instance in the UK it’s Tesco, Lidl and Waitrose, in the USA it’s Wal-Mart and Albertsons, in Germany it’s Kaiser and Real and in Austria it is Hofer/Aldi. These companies have a major influence on the products they wish to market and sell, mainly derived from maximising profit. They are able to put pressure and unethically influence the manufacturers to supply them those brands which can help to achieve their goals of profit maximisation, meanwhile most of the time not even passing down the full discounts to the consumer.\n\nUsing buyer power to an advantage is not a bad thing; business is business at the end of the day. However, squeezing manufacturers beyond economies of scale and using that buyer power aggressively to seek larger volumes for better prices due to lack of manufacturers control is not fair. The full problem boils down to the fact that the supermarket chains have outgrown even their supplier’s market control, leaving manufacturers with little or no option regarding negotiations. The likes of the largest manufacturers such as Proctor & Gamble, Unilever and Nestle are essentially forced to comply with the large retailers conditions as a huge chunk of their revenue streams come from them, therefore, leading to the abuse from those large retailers to maximise their own gains. An example of this is that Wal-Mart accounted for 16% of Proctor & Gamble sales in 2016, yet their sales are more than 5 times greater than those of Proctor & Gamble who are their largest supplier. This is a super-monopolistic market share and influence that Wal-Mart themselves have that they are fully abusing to their advantage, and it’s time that these global supermarket sharks are swept away. The Competition Commission in the UK found that these major retailers benefit from a price advantage that exceeds even the cost difference, while also delaying and extending payments, essentially forcing manufacturers to supply them at best break-even or a loss. And, where this power is indefinitely abused is the fact that retailers can easily drop products from their shelves, and fully determine what goes on their shelves and under what terms, such as sources of production, packaging, quality of goods, returns policies and most importantly the pricing and payment conditions.\n\n**The INS Team and Partners**\nThe INS founders and team comprises of veterans in not only the grocery industry but the global high level business environment, holding the relevant market experience and contacts to start a blockchain business of this scale. Some of their team experience come from top level prestigious global companies such as Rothschild, McKinsey & Company, Goldman Sachs, IBM, GE, PWC, MTS and Mail.ru to name a few. The INS founder gained global recognition through pioneering “Instamart”, a venture backed grocery delivery operator in Russia. Instamart has since signed contracts with some of the largest retailers in Russia and employs more than 200 people. In these 4 years the founders were able to become familiar with the grocery industry and find major flaws and drawbacks in the grocery retail ecosystem. Thus, the idea of INS was born to disrupt the grocery ecosystem by decentralising it and solve those issues surrounding abuse, monopolisation and manipulation by directly connecting consumers to manufacturers. Through Instamart the founders were able to develop a direct relationship with manufacturers that include the world’s largest multinational FMCG companies. Among them: Procter & Gamble, Coca-Cola, Unilever, Mars, PepsiCo and Valio — those 6 of which bring 99% of products and brands into households worldwide.\n\nAmid their partners of blockchain and FinTech companies are Bancor (decentralised liquidity network), Civic (blockchain identity verification), BitFury (software & hardware solutions), Ambrosus (IoT sensors to track quality of food & medicine), Blockchain Ventures (crypto & blockchain investment fund), DigitalX (blockchain advisory & consulting) among many others.\n\n**Existing Investors**\nINS already has investor support from the world’s 7th largest company by page views, and the largest internet company in Eastern Europe. The only company that could influence the world’s largest country (Russia) to not use Facebook — Mail.ru Group, founder and owner of VK (Russian social network), Armoured Warfare & Skyforge (gaming), Maps.me (map services), BeepCar (car sharing) and Delivery Club (food delivery service). Other existing investors include:\n\nMr Lev Khasis, First Deputy CEO of Russia’s largest retail bank Sberbank.\n\nMr Sergey Solonin who possesses 20 years of experience in payment and banking services and is Founder & CEO of Qiwi Group, a leading provider of next generation payment services in Russia and the Russian Commonwealth, turning over more than $10 billion.\n\nMr Ilya Yakubson, recognised as “Man of the Year in Retail 2015” and Ex-CEO of Dixy, the 4th largest grocery retail chain in Russia.\n\n**Summary and Conclusion**\nIn my personal opinion I think the INS Ecosystem will cause a huge disruption in the FMCG and grocery market, while giving an innovative platform and basis to eradicate the shark-like supermarket chains that only wish to manipulate things fully to their advantage. The fact that we as a global economy are in a paradigm shift technologically, politically and economically — largely contributed to by the crypto-sphere and blockchain technology makes it all the while better and more exciting. I believe that INS will have a fruitful future and big success within the crypto-sphere as a pioneering FinTech blockchain company that will change the way we shop. Meanwhile also doing some good ethical things such a revitalising the market environment for farmers and smaller scale producers & manufacturers. Their ICO will end in 3 and a half days, and INS has already managed to raise 90% of their target hard cap of 60,000 Ethereum (1 Ethereum is currently valued at $680).\n\nI believe that INS can greatly make a positive impact to the world economically, environmentally and also help to contribute in solving those issues mentioned surrounding global population crisis and food wastage & shortages. **If you wish to contribute to the ICO kindly use my referral link which you can find below:** \nhttps://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f\n\nBy participating to this ICO you will not only be making a contribution with hopefully gaining a great return on your investment, but you are also contributing as an honourable person to something which is ethical and moral; something which will change the monopolistic and abusive shopping environment that the big global retailers and supermarket chains have sustained for too long!\n\n*For more information on INS Ecosystem:*\nWebsite — ins.world/\n\nWhitepaper — ins.world/INS-ICO-Whitepaper.pdf\n\nPresentation — ins.world/INS-ICO-Presentation.pdf\n\nOnePager — ins.world/INS-ICO-OnePager.pdf\n\nFacebook — www.facebook.com/ins.ecosystem\n\nTwitter — www.twitter.com/ins_ecosystem\n\nTwitter Handle — @INS_Ecosystem\n\nTelegram Chat — t.me/ins_ecosystem or @ins_ecosystem",
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[]