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 DelegationsDeleg
+4.371SP
Detailed Balance
| STEEM | ||
| balance | 0.014STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.630SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 4.371SP | SP |
| Effective Power | 5.001SP | SP |
| Reward SP (pending) | 0.076SP | SP |
| SBD | ||
| sbd_balance | 0.000SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.012SBD | SBD |
{
"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
| name | elcryptodon |
| id | 504199 |
| rank | 776,337 |
| reputation | 1839099916 |
| created | 2017-12-18T03:56:00 |
| recovery_account | steem |
| proxy | None |
| post_count | 5 |
| comment_count | 0 |
| lifetime_vote_count | 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 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.014 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.000 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 1025.293956 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 7118.365850 VESTS |
| reward_vesting_balance | 150.106286 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 1970-01-01T00:00:00 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"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
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
steemdelegated 4.371 SP to @elcryptodon2026/05/17 23:53:27
steemdelegated 4.371 SP to @elcryptodon
2026/05/17 23:53:27
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 7118.365850 VESTS |
| Transaction Info | Block #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 @elcryptodon2026/05/12 02:21:03
steemdelegated 2.706 SP to @elcryptodon
2026/05/12 02:21:03
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 4406.155445 VESTS |
| Transaction Info | Block #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 @elcryptodon2026/04/25 23:14:54
steemdelegated 4.379 SP to @elcryptodon
2026/04/25 23:14:54
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 7130.881606 VESTS |
| Transaction Info | Block #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 @elcryptodon2026/01/23 06:48:48
steemdelegated 2.731 SP to @elcryptodon
2026/01/23 06:48:48
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 4447.702264 VESTS |
| Transaction Info | Block #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"
}
]
}microsomesreplied to @elcryptodon / spyh0b2025/01/12 03:14:36
microsomesreplied to @elcryptodon / spyh0b
2025/01/12 03:14:36
| 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"} |
| Transaction Info | Block #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 @elcryptodon2024/12/17 02:08:18
steemdelegated 2.832 SP to @elcryptodon
2024/12/17 02:08:18
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 4611.921461 VESTS |
| Transaction Info | Block #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 @elcryptodon2023/11/13 17:51:00
steemdelegated 2.936 SP to @elcryptodon
2023/11/13 17:51:00
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 4781.054993 VESTS |
| Transaction Info | Block #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 @elcryptodon2023/09/21 21:23:48
steemdelegated 4.740 SP to @elcryptodon
2023/09/21 21:23:48
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 7718.333779 VESTS |
| Transaction Info | Block #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 @elcryptodon2022/11/03 11:15:06
steemdelegated 4.876 SP to @elcryptodon
2022/11/03 11:15:06
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 7940.015217 VESTS |
| Transaction Info | Block #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 @elcryptodon2022/01/17 10:33:06
steemdelegated 5.011 SP to @elcryptodon
2022/01/17 10:33:06
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 8160.548448 VESTS |
| Transaction Info | Block #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 @elcryptodon2021/06/14 00:29:27
steemdelegated 5.124 SP to @elcryptodon
2021/06/14 00:29:27
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 8344.317106 VESTS |
| Transaction Info | Block #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
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
| 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! |
| Transaction Info | Block #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 @elcryptodon2020/12/11 10:49:03
steemdelegated 5.239 SP to @elcryptodon
2020/12/11 10:49:03
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 8531.739080 VESTS |
| Transaction Info | Block #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 @elcryptodon2020/12/06 04:26:21
steemdelegated 1.174 SP to @elcryptodon
2020/12/06 04:26:21
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 1912.543513 VESTS |
| Transaction Info | Block #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 @elcryptodon2020/12/05 14:27:12
steemdelegated 5.243 SP to @elcryptodon
2020/12/05 14:27:12
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 8537.946934 VESTS |
| Transaction Info | Block #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 @elcryptodon2020/11/02 14:53:54
steemdelegated 1.179 SP to @elcryptodon
2020/11/02 14:53:54
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 1920.017158 VESTS |
| Transaction Info | Block #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 @elcryptodon2020/09/05 03:16:39
steemdelegated 5.306 SP to @elcryptodon
2020/09/05 03:16:39
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 8640.285200 VESTS |
| Transaction Info | Block #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 @elcryptodon2020/08/20 16:53:09
steemdelegated 17.523 SP to @elcryptodon
2020/08/20 16:53:09
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 28533.625415 VESTS |
| Transaction Info | Block #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"
}
]
}elcryptodonreceived 0.012 SBD, 0.067 SP author reward for @elcryptodon / 5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash2020/06/12 22:44:21
elcryptodonreceived 0.012 SBD, 0.067 SP author reward for @elcryptodon / 5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash
2020/06/12 22:44:21
| 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 |
| Transaction Info | Block #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"
}
]
}pagzreplied to @elcryptodon / qbsnza2020/06/12 03:52:21
pagzreplied to @elcryptodon / qbsnza
2020/06/12 03:52:21
| parent author | elcryptodon |
| parent permlink | 5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash |
| author | pagz |
| permlink | qbsnza |
| title | |
| body | Time to embrace digital currencies, good way to refrain ourselves from directly holding/paying cash which is prone of spreading the virus. Nice contents. |
| json metadata | {"app":"steemit/0.2"} |
| Transaction Info | Block #44175479/Trx 41fabff177298a4b2f4a2d58dc0426e66396e004 |
View Raw JSON Data
{
"trx_id": "41fabff177298a4b2f4a2d58dc0426e66396e004",
"block": 44175479,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-12T03:52:21",
"op": [
"comment",
{
"parent_author": "elcryptodon",
"parent_permlink": "5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash",
"author": "pagz",
"permlink": "qbsnza",
"title": "",
"body": "Time to embrace digital currencies, good way to refrain ourselves from directly holding/paying cash which is prone of spreading the virus. Nice contents.",
"json_metadata": "{\"app\":\"steemit/0.2\"}"
}
]
}elcryptodonupvoted (100.00%) @rawadventuress / 30-conscious-home-activities-heal-grow-and-expand2020/06/10 23:05:39
elcryptodonupvoted (100.00%) @rawadventuress / 30-conscious-home-activities-heal-grow-and-expand
2020/06/10 23:05:39
| voter | elcryptodon |
| author | rawadventuress |
| permlink | 30-conscious-home-activities-heal-grow-and-expand |
| weight | 10000 (100.00%) |
| Transaction Info | Block #44141372/Trx ff7e517af5e77270d1ab28dfec8be21fa96e963b |
View Raw JSON Data
{
"trx_id": "ff7e517af5e77270d1ab28dfec8be21fa96e963b",
"block": 44141372,
"trx_in_block": 1,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-10T23:05:39",
"op": [
"vote",
{
"voter": "elcryptodon",
"author": "rawadventuress",
"permlink": "30-conscious-home-activities-heal-grow-and-expand",
"weight": 10000
}
]
}elcryptodonupvoted (100.00%) @rawadventuress / comfort-food-how-to-indulge-in-the-healthy-way2020/06/10 23:05:33
elcryptodonupvoted (100.00%) @rawadventuress / comfort-food-how-to-indulge-in-the-healthy-way
2020/06/10 23:05:33
| voter | elcryptodon |
| author | rawadventuress |
| permlink | comfort-food-how-to-indulge-in-the-healthy-way |
| weight | 10000 (100.00%) |
| Transaction Info | Block #44141370/Trx 800935f5ccaf5a8fbb25a5650bf6a49e87f9fdde |
View Raw JSON Data
{
"trx_id": "800935f5ccaf5a8fbb25a5650bf6a49e87f9fdde",
"block": 44141370,
"trx_in_block": 1,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-10T23:05:33",
"op": [
"vote",
{
"voter": "elcryptodon",
"author": "rawadventuress",
"permlink": "comfort-food-how-to-indulge-in-the-healthy-way",
"weight": 10000
}
]
}elcryptodonupvoted (100.00%) @rawadventuress / the-protein-question-on-the-raw-vegan-path2020/06/10 23:05:30
elcryptodonupvoted (100.00%) @rawadventuress / the-protein-question-on-the-raw-vegan-path
2020/06/10 23:05:30
| voter | elcryptodon |
| author | rawadventuress |
| permlink | the-protein-question-on-the-raw-vegan-path |
| weight | 10000 (100.00%) |
| Transaction Info | Block #44141369/Trx edfbe09afc5ba64ff27d80e2491797fbed8d9a66 |
View Raw JSON Data
{
"trx_id": "edfbe09afc5ba64ff27d80e2491797fbed8d9a66",
"block": 44141369,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-10T23:05:30",
"op": [
"vote",
{
"voter": "elcryptodon",
"author": "rawadventuress",
"permlink": "the-protein-question-on-the-raw-vegan-path",
"weight": 10000
}
]
}elcryptodonupvoted (100.00%) @rawadventuress / do-it-the-ripe-way-selecting-delicious-fruits2020/06/10 23:05:30
elcryptodonupvoted (100.00%) @rawadventuress / do-it-the-ripe-way-selecting-delicious-fruits
2020/06/10 23:05:30
| voter | elcryptodon |
| author | rawadventuress |
| permlink | do-it-the-ripe-way-selecting-delicious-fruits |
| weight | 10000 (100.00%) |
| Transaction Info | Block #44141369/Trx 6dcbdbb0750ab2c8a1e13ff0d29e2ef4962cbbb4 |
View Raw JSON Data
{
"trx_id": "6dcbdbb0750ab2c8a1e13ff0d29e2ef4962cbbb4",
"block": 44141369,
"trx_in_block": 1,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-10T23:05:30",
"op": [
"vote",
{
"voter": "elcryptodon",
"author": "rawadventuress",
"permlink": "do-it-the-ripe-way-selecting-delicious-fruits",
"weight": 10000
}
]
}elcryptodonfollowed @rawadventuress2020/06/10 23:05:06
elcryptodonfollowed @rawadventuress
2020/06/10 23:05:06
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"rawadventuress","what":["blog"]}] |
| Transaction Info | Block #44141361/Trx d9967b068571f2b3eb8c4e4550a7986c5bfb0942 |
View Raw JSON Data
{
"trx_id": "d9967b068571f2b3eb8c4e4550a7986c5bfb0942",
"block": 44141361,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-10T23:05:06",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"rawadventuress\",\"what\":[\"blog\"]}]"
}
]
}elcryptodoncustom json: community2020/06/10 23:04:54
elcryptodoncustom json: community
2020/06/10 23:04:54
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | community |
| json | ["subscribe",{"community":"hive-196037"}] |
| Transaction Info | Block #44141357/Trx 5874527aae766e64d44c17db400e3e8a8eb2bfa9 |
View Raw JSON Data
{
"trx_id": "5874527aae766e64d44c17db400e3e8a8eb2bfa9",
"block": 44141357,
"trx_in_block": 1,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-10T23:04:54",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "community",
"json": "[\"subscribe\",{\"community\":\"hive-196037\"}]"
}
]
}elcryptodonfollowed @mcfs2020/06/09 18:45:12
elcryptodonfollowed @mcfs
2020/06/09 18:45:12
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"mcfs","what":["blog"]}] |
| Transaction Info | Block #44107795/Trx f4361f519d1f6d974ecd49b02eb1fe4d58bd26aa |
View Raw JSON Data
{
"trx_id": "f4361f519d1f6d974ecd49b02eb1fe4d58bd26aa",
"block": 44107795,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-09T18:45:12",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"mcfs\",\"what\":[\"blog\"]}]"
}
]
}2020/06/06 00:05:48
2020/06/06 00:05:48
| voter | yehey |
| author | elcryptodon |
| permlink | 5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash |
| weight | 1000 (10.00%) |
| Transaction Info | Block #44000787/Trx 135ffea04dcba0513a8ec0518c99f8dcb5fbbd07 |
View Raw JSON Data
{
"trx_id": "135ffea04dcba0513a8ec0518c99f8dcb5fbbd07",
"block": 44000787,
"trx_in_block": 2,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-06T00:05:48",
"op": [
"vote",
{
"voter": "yehey",
"author": "elcryptodon",
"permlink": "5wx3hj-the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash",
"weight": 1000
}
]
}steemdelegated 17.642 SP to @elcryptodon2020/06/05 23:37:00
steemdelegated 17.642 SP to @elcryptodon
2020/06/05 23:37:00
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 28728.449455 VESTS |
| Transaction Info | Block #44000218/Trx fe3bfcbd8ab19879b29214d5b773650197fca8dc |
View Raw JSON Data
{
"trx_id": "fe3bfcbd8ab19879b29214d5b773650197fca8dc",
"block": 44000218,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-05T23:37:00",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "elcryptodon",
"vesting_shares": "28728.449455 VESTS"
}
]
}2020/06/05 22:44:21
2020/06/05 22:44:21
| parent author | |
| parent permlink | hive-148441 |
| author | elcryptodon |
| permlink | 5wx3hj-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. 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.  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.  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. |
| json metadata | {"tags":["crypto","cryptocurrencies","blockchain","steemit","steemmebaby","fintech","digitalcurrencies","digitalcash"],"image":["https://cdn.steemitimages.com/DQmXWKktbysobkhmkfqWSfdvVxR6nmvEY2ZX36GvdWxvAe2/source_ledger.jpg","https://cdn.steemitimages.com/DQmZj3u2YxTw8rvSKFK6ToXWAeb3Wx7SbRD461zkffYtbFj/Capture.PNG"],"app":"steemit/0.2","format":"markdown"} |
| Transaction Info | Block #43999178/Trx 16dd904c9ef731ecd30487d07998a0ace8269ff7 |
View Raw JSON Data
{
"trx_id": "16dd904c9ef731ecd30487d07998a0ace8269ff7",
"block": 43999178,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-05T22:44:21",
"op": [
"comment",
{
"parent_author": "",
"parent_permlink": "hive-148441",
"author": "elcryptodon",
"permlink": "5wx3hj-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\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\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\",\"steemmebaby\",\"fintech\",\"digitalcurrencies\",\"digitalcash\"],\"image\":[\"https://cdn.steemitimages.com/DQmXWKktbysobkhmkfqWSfdvVxR6nmvEY2ZX36GvdWxvAe2/source_ledger.jpg\",\"https://cdn.steemitimages.com/DQmZj3u2YxTw8rvSKFK6ToXWAeb3Wx7SbRD461zkffYtbFj/Capture.PNG\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
}
]
}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
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
| from | executive-board |
| to | elcryptodon |
| amount | 0.001 STEEM |
| memo | ❗ 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 most coins. It's easy, just follow the instructions. Warm regards, The Executive Board. |
| Transaction Info | Block #43999031/Trx 038aa2943c9bf22537a1daf55d132d360f1de4d7 |
View Raw JSON Data
{
"trx_id": "038aa2943c9bf22537a1daf55d132d360f1de4d7",
"block": 43999031,
"trx_in_block": 4,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-05T22:37:00",
"op": [
"transfer",
{
"from": "executive-board",
"to": "elcryptodon",
"amount": "0.001 STEEM",
"memo": "❗ 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 most coins. It's easy, just follow the instructions. Warm regards, The Executive Board."
}
]
}2020/06/05 22:36:06
2020/06/05 22:36:06
| voter | yuxi |
| author | elcryptodon |
| permlink | the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash |
| weight | 1895 (18.95%) |
| Transaction Info | Block #43999014/Trx 70546fb48bc72e1eaa8e86e6d13052495782fe97 |
View Raw JSON Data
{
"trx_id": "70546fb48bc72e1eaa8e86e6d13052495782fe97",
"block": 43999014,
"trx_in_block": 2,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-05T22:36:06",
"op": [
"vote",
{
"voter": "yuxi",
"author": "elcryptodon",
"permlink": "the-race-for-central-bank-digital-currencies-cbdc-coronavirus-the-catalyst-to-digital-cash",
"weight": 1895
}
]
}2020/06/05 22:35:09
2020/06/05 22:35:09
| parent author | |
| parent permlink | hive-167922 |
| author | elcryptodon |
| 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. 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.  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.  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. |
| 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"} |
| Transaction Info | Block #43998995/Trx acaf4b06ce758b9479a45a3ae0909c879f739fa7 |
View Raw JSON Data
{
"trx_id": "acaf4b06ce758b9479a45a3ae0909c879f739fa7",
"block": 43998995,
"trx_in_block": 2,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-06-05T22:35:09",
"op": [
"comment",
{
"parent_author": "",
"parent_permlink": "hive-167922",
"author": "elcryptodon",
"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\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\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: community2020/06/05 22:21:30
elcryptodoncustom json: community
2020/06/05 22:21:30
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | community |
| json | ["subscribe",{"community":"hive-167922"}] |
| Transaction Info | Block #43998724/Trx 263ce82a9054d5d687b91b071ac730f3cf50d0b5 |
View Raw JSON Data
{
"trx_id": "263ce82a9054d5d687b91b071ac730f3cf50d0b5",
"block": 43998724,
"trx_in_block": 1,
"op_in_trx": 0,
"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\"}]"
}
]
}elcryptodonfollowed @ohamdache2020/06/05 21:11:39
elcryptodonfollowed @ohamdache
2020/06/05 21:11:39
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"ohamdache","what":["blog"]}] |
| Transaction Info | Block #43997349/Trx ab881c6faa0813ce45d358cd2626ca1fdff03edf |
View Raw JSON Data
{
"trx_id": "ab881c6faa0813ce45d358cd2626ca1fdff03edf",
"block": 43997349,
"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 @elcryptodon2020/05/09 05:23:12
steemdelegated 5.368 SP to @elcryptodon
2020/05/09 05:23:12
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 8740.752293 VESTS |
| Transaction Info | Block #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 @elcryptodon2020/05/08 08:56:00
steemdelegated 1.200 SP to @elcryptodon
2020/05/08 08:56:00
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #43192656/Trx 7ba5648f5eb2630ebd40b4233025de041ad5bc5f |
View Raw JSON Data
{
"trx_id": "7ba5648f5eb2630ebd40b4233025de041ad5bc5f",
"block": 43192656,
"trx_in_block": 1,
"op_in_trx": 0,
"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 @elcryptodon2020/04/24 14:50:39
steemdelegated 5.373 SP to @elcryptodon
2020/04/24 14:50:39
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 8748.970277 VESTS |
| Transaction Info | Block #42806416/Trx fe7d2ab93a366925a408ed454faebfab73ebcc4b |
View Raw JSON Data
{
"trx_id": "fe7d2ab93a366925a408ed454faebfab73ebcc4b",
"block": 42806416,
"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"
}
]
}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
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
| 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 |
| Transaction Info | Block #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 @elcryptodon2020/01/24 14:07:42
steemdelegated 17.782 SP to @elcryptodon
2020/01/24 14:07:42
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 28955.782525 VESTS |
| Transaction Info | Block #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"
}
]
}elcryptodonfollowed @likwid2020/01/24 13:38:18
elcryptodonfollowed @likwid
2020/01/24 13:38:18
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"likwid","what":["blog"]}] |
| Transaction Info | Block #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\"]}]"
}
]
}elcryptodonupvoted (100.00%) @mysticfalls / hello-steemit-community2020/01/24 13:14:27
elcryptodonupvoted (100.00%) @mysticfalls / hello-steemit-community
2020/01/24 13:14:27
| voter | elcryptodon |
| author | mysticfalls |
| permlink | hello-steemit-community |
| weight | 10000 (100.00%) |
| Transaction Info | Block #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
2019/12/18 05:48:00
| 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! <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 Info | Block #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 @elcryptodon2019/05/12 14:38:51
steemdelegated 5.496 SP to @elcryptodon
2019/05/12 14:38:51
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 8949.352517 VESTS |
| Transaction Info | Block #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
2018/12/18 05:06:18
| 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! <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 Info | Block #28662341/Trx 82f58963771fabbc974c80ce00d5db3ffcf3fb9a |
View Raw JSON Data
{
"trx_id": "82f58963771fabbc974c80ce00d5db3ffcf3fb9a",
"block": 28662341,
"trx_in_block": 11,
"op_in_trx": 0,
"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\"]}"
}
]
}steemdelegated 5.618 SP to @elcryptodon2018/05/16 20:15:45
steemdelegated 5.618 SP to @elcryptodon
2018/05/16 20:15:45
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 9148.904952 VESTS |
| Transaction Info | Block #22489816/Trx 241e0b6b280d81506f966b76c2cf6638d03316f0 |
View Raw JSON Data
{
"trx_id": "241e0b6b280d81506f966b76c2cf6638d03316f0",
"block": 22489816,
"trx_in_block": 5,
"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 @elcryptodon2018/05/06 06:22:18
steemdelegated 18.125 SP to @elcryptodon
2018/05/06 06:22:18
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 29514.070473 VESTS |
| Transaction Info | Block #22185195/Trx 17811ab2ed33825b410f7b1e63f76b5cb9b4ee3b |
View Raw JSON Data
{
"trx_id": "17811ab2ed33825b410f7b1e63f76b5cb9b4ee3b",
"block": 22185195,
"trx_in_block": 42,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-05-06T06:22:18",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "elcryptodon",
"vesting_shares": "29514.070473 VESTS"
}
]
}elcryptodonfollowed @thebeetoken2018/01/17 19:37:36
elcryptodonfollowed @thebeetoken
2018/01/17 19:37:36
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"thebeetoken","what":["blog"]}] |
| Transaction Info | Block #19065374/Trx cba516eaf1df3a7106011e32caa462655c9ffcd1 |
View Raw JSON Data
{
"trx_id": "cba516eaf1df3a7106011e32caa462655c9ffcd1",
"block": 19065374,
"trx_in_block": 39,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-01-17T19:37:36",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"thebeetoken\",\"what\":[\"blog\"]}]"
}
]
}elcryptodonreceived 0.003 SP curation reward for @georgegodwin / re-jaynie-the-never-would-i-ever-challenge-6-new-years-eve-parties-20171224t224331034z2017/12/31 22:43:30
elcryptodonreceived 0.003 SP curation reward for @georgegodwin / re-jaynie-the-never-would-i-ever-challenge-6-new-years-eve-parties-20171224t224331034z
2017/12/31 22:43:30
| 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 |
| Transaction Info | Block #18580053/Virtual Operation #24 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 18580053,
"trx_in_block": 4294967295,
"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"
}
]
}steemdelegated 18.250 SP to @elcryptodon2017/12/27 21:14:51
steemdelegated 18.250 SP to @elcryptodon
2017/12/27 21:14:51
| delegator | steem |
| delegatee | elcryptodon |
| vesting shares | 29717.706044 VESTS |
| Transaction Info | Block #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"
}
]
}elcryptodonreceived 0.023 SP author reward for @elcryptodon / blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies2017/12/25 04:13:21
elcryptodonreceived 0.023 SP author reward for @elcryptodon / blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies
2017/12/25 04:13:21
| 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 |
| Transaction Info | Block #18385140/Virtual Operation #5 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 18385140,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 5,
"timestamp": "2017-12-25T04:13:21",
"op": [
"author_reward",
{
"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
2017/12/24 23:00:03
| voter | elcryptodon |
| author | georgegodwin |
| permlink | re-jaynie-the-never-would-i-ever-challenge-6-new-years-eve-parties-20171224t224331034z |
| weight | 10000 (100.00%) |
| Transaction Info | Block #18378876/Trx 684b42984e555ee1824af67c529f031de3f00eb5 |
View Raw JSON Data
{
"trx_id": "684b42984e555ee1824af67c529f031de3f00eb5",
"block": 18378876,
"trx_in_block": 15,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-24T23:00:03",
"op": [
"vote",
{
"voter": "elcryptodon",
"author": "georgegodwin",
"permlink": "re-jaynie-the-never-would-i-ever-challenge-6-new-years-eve-parties-20171224t224331034z",
"weight": 10000
}
]
}elcryptodonfollowed @airhawk-project2017/12/20 02:30:42
elcryptodonfollowed @airhawk-project
2017/12/20 02:30:42
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"airhawk-project","what":["blog"]}] |
| Transaction Info | Block #18239150/Trx 5d729998ad9eb48c6d6a49de56e86672e6da1ea6 |
View Raw JSON Data
{
"trx_id": "5d729998ad9eb48c6d6a49de56e86672e6da1ea6",
"block": 18239150,
"trx_in_block": 27,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-20T02:30:42",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"airhawk-project\",\"what\":[\"blog\"]}]"
}
]
}elcryptodonfollowed @jaynie2017/12/19 14:48:45
elcryptodonfollowed @jaynie
2017/12/19 14:48:45
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"jaynie","what":["blog"]}] |
| Transaction Info | Block #18225111/Trx 8d28e7415b3d4f312172f4c8a50bca91a8dc8c90 |
View Raw JSON Data
{
"trx_id": "8d28e7415b3d4f312172f4c8a50bca91a8dc8c90",
"block": 18225111,
"trx_in_block": 50,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-19T14:48:45",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"jaynie\",\"what\":[\"blog\"]}]"
}
]
}2017/12/19 14:48:24
2017/12/19 14:48:24
| parent author | hornblende |
| parent permlink | re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171219t143007226z |
| author | elcryptodon |
| permlink | re-hornblende-re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171219t144825729z |
| title | |
| body | Thank you very much! Appreciate you! Have also followed you! :) |
| json metadata | {"tags":["blockchain"],"app":"steemit/0.1"} |
| Transaction Info | Block #18225104/Trx 945b3cd32d44c67d479b32fb9df2f438d4bf46ab |
View Raw JSON Data
{
"trx_id": "945b3cd32d44c67d479b32fb9df2f438d4bf46ab",
"block": 18225104,
"trx_in_block": 46,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-19T14:48:24",
"op": [
"comment",
{
"parent_author": "hornblende",
"parent_permlink": "re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171219t143007226z",
"author": "elcryptodon",
"permlink": "re-hornblende-re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171219t144825729z",
"title": "",
"body": "Thank you very much! Appreciate you! Have also followed you! :)",
"json_metadata": "{\"tags\":[\"blockchain\"],\"app\":\"steemit/0.1\"}"
}
]
}2017/12/19 14:30:18
2017/12/19 14:30:18
| parent author | elcryptodon |
| parent permlink | blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies |
| author | hornblende |
| permlink | re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171219t143007226z |
| title | |
| body | Nice article... Very informative and helpful. |
| json metadata | {"tags":["blockchain"],"app":"steemit/0.1"} |
| Transaction Info | Block #18224743/Trx 9f9bc3e620dca1cd259b571fa9175968999413e8 |
View Raw JSON Data
{
"trx_id": "9f9bc3e620dca1cd259b571fa9175968999413e8",
"block": 18224743,
"trx_in_block": 49,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-19T14:30:18",
"op": [
"comment",
{
"parent_author": "elcryptodon",
"parent_permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
"author": "hornblende",
"permlink": "re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171219t143007226z",
"title": "",
"body": "Nice article... Very informative and helpful.",
"json_metadata": "{\"tags\":[\"blockchain\"],\"app\":\"steemit/0.1\"}"
}
]
}2017/12/19 14:29:45
2017/12/19 14:29:45
| voter | hornblende |
| author | elcryptodon |
| permlink | blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies |
| weight | 10000 (100.00%) |
| Transaction Info | Block #18224732/Trx ef3689a6ce09d3fffa98c1edfb504cac037820f6 |
View Raw JSON Data
{
"trx_id": "ef3689a6ce09d3fffa98c1edfb504cac037820f6",
"block": 18224732,
"trx_in_block": 27,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-19T14:29:45",
"op": [
"vote",
{
"voter": "hornblende",
"author": "elcryptodon",
"permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
"weight": 10000
}
]
}2017/12/19 14:26:21
2017/12/19 14:26:21
| voter | elcryptodon |
| author | hornblende |
| permlink | re-jaynie-the-never-would-i-ever-challenge-5-social-etiquette-20171218t062916724z |
| weight | 10000 (100.00%) |
| Transaction Info | Block #18224664/Trx 4b3425b527adc2fc8a1bd57c2e9699297510fdd7 |
View Raw JSON Data
{
"trx_id": "4b3425b527adc2fc8a1bd57c2e9699297510fdd7",
"block": 18224664,
"trx_in_block": 45,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-19T14:26:21",
"op": [
"vote",
{
"voter": "elcryptodon",
"author": "hornblende",
"permlink": "re-jaynie-the-never-would-i-ever-challenge-5-social-etiquette-20171218t062916724z",
"weight": 10000
}
]
}elcryptodonfollowed @hornblende2017/12/18 22:04:21
elcryptodonfollowed @hornblende
2017/12/18 22:04:21
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"hornblende","what":["blog"]}] |
| Transaction Info | Block #18205028/Trx 605431e00ae7e8de2ee3107ea7799acee052d91d |
View Raw JSON Data
{
"trx_id": "605431e00ae7e8de2ee3107ea7799acee052d91d",
"block": 18205028,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T22:04:21",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"hornblende\",\"what\":[\"blog\"]}]"
}
]
}elcryptodonfollowed @microsomes2017/12/18 17:07:15
elcryptodonfollowed @microsomes
2017/12/18 17:07:15
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"microsomes","what":["blog"]}] |
| Transaction Info | Block #18199086/Trx 5d150d288683fa8008f4fadd6635d176aba63914 |
View Raw JSON Data
{
"trx_id": "5d150d288683fa8008f4fadd6635d176aba63914",
"block": 18199086,
"trx_in_block": 23,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T17:07:15",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"microsomes\",\"what\":[\"blog\"]}]"
}
]
}2017/12/18 17:06:54
2017/12/18 17:06:54
| parent author | microsomes |
| parent permlink | re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171218t161323038z |
| author | elcryptodon |
| permlink | re-microsomes-re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171218t170651810z |
| title | |
| body | Thanks bro! Appreciate you man! More to come and I followed you back also :) |
| json metadata | {"tags":["blockchain"],"app":"steemit/0.1"} |
| Transaction Info | Block #18199079/Trx 6d33d032823cfbcaaed9cf133b66983a2ce44b40 |
View Raw JSON Data
{
"trx_id": "6d33d032823cfbcaaed9cf133b66983a2ce44b40",
"block": 18199079,
"trx_in_block": 15,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T17:06:54",
"op": [
"comment",
{
"parent_author": "microsomes",
"parent_permlink": "re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171218t161323038z",
"author": "elcryptodon",
"permlink": "re-microsomes-re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171218t170651810z",
"title": "",
"body": "Thanks bro! Appreciate you man! More to come and I followed you back also :)",
"json_metadata": "{\"tags\":[\"blockchain\"],\"app\":\"steemit/0.1\"}"
}
]
}2017/12/18 16:13:42
2017/12/18 16:13:42
| parent author | elcryptodon |
| parent permlink | blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies |
| author | microsomes |
| permlink | re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171218t161323038z |
| title | |
| body | Great work |
| json metadata | {"tags":["blockchain"],"app":"steemit/0.1"} |
| Transaction Info | Block #18198015/Trx c4941c525496b6dd82ec12f380a13cb998d9a889 |
View Raw JSON Data
{
"trx_id": "c4941c525496b6dd82ec12f380a13cb998d9a889",
"block": 18198015,
"trx_in_block": 49,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T16:13:42",
"op": [
"comment",
{
"parent_author": "elcryptodon",
"parent_permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
"author": "microsomes",
"permlink": "re-elcryptodon-blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies-20171218t161323038z",
"title": "",
"body": "Great work",
"json_metadata": "{\"tags\":[\"blockchain\"],\"app\":\"steemit/0.1\"}"
}
]
}2017/12/18 16:13:27
2017/12/18 16:13:27
| voter | microsomes |
| author | elcryptodon |
| permlink | blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies |
| weight | 10000 (100.00%) |
| Transaction Info | Block #18198010/Trx 551ac1da7feeb752c6acfaba3c31f595fce9c460 |
View Raw JSON Data
{
"trx_id": "551ac1da7feeb752c6acfaba3c31f595fce9c460",
"block": 18198010,
"trx_in_block": 27,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T16:13:27",
"op": [
"vote",
{
"voter": "microsomes",
"author": "elcryptodon",
"permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
"weight": 10000
}
]
}elcryptodonfollowed @techin2017/12/18 04:57:45
elcryptodonfollowed @techin
2017/12/18 04:57:45
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"techin","what":["blog"]}] |
| Transaction Info | Block #18184497/Trx 1bbcf40cefaebacc8120b4cfeb5568ea73e78f62 |
View Raw JSON Data
{
"trx_id": "1bbcf40cefaebacc8120b4cfeb5568ea73e78f62",
"block": 18184497,
"trx_in_block": 26,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:57:45",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"techin\",\"what\":[\"blog\"]}]"
}
]
}2017/12/18 04:32:12
2017/12/18 04:32:12
| 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.  **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 |
| json metadata | {"tags":["cryptocurrency","crypto-news","crypto","blockchain","fintech"],"users":["ins"],"image":["https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png"],"links":["https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f"],"app":"steemit/0.1","format":"markdown"} |
| Transaction Info | Block #18183986/Trx 0cb557cc27287d58e11e3cffd8681039dfbac1e2 |
View Raw JSON Data
{
"trx_id": "0cb557cc27287d58e11e3cffd8681039dfbac1e2",
"block": 18183986,
"trx_in_block": 16,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:32:12",
"op": [
"comment",
{
"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\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",
"json_metadata": "{\"tags\":[\"cryptocurrency\",\"crypto-news\",\"crypto\",\"blockchain\",\"fintech\"],\"users\":[\"ins\"],\"image\":[\"https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png\"],\"links\":[\"https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
}
]
}2017/12/18 04:31:36
2017/12/18 04:31:36
| 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.  **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 |
| json metadata | {"tags":["cryptocurrency","blockchain","crypto-news","crypto","fintech"],"users":["ins"],"image":["https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png"],"links":["https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f"],"app":"steemit/0.1","format":"markdown"} |
| Transaction Info | Block #18183974/Trx e6df2821d34c3dfcff0b910112db0a12afa4dad9 |
View Raw JSON Data
{
"trx_id": "e6df2821d34c3dfcff0b910112db0a12afa4dad9",
"block": 18183974,
"trx_in_block": 23,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:31:36",
"op": [
"comment",
{
"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\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",
"json_metadata": "{\"tags\":[\"cryptocurrency\",\"blockchain\",\"crypto-news\",\"crypto\",\"fintech\"],\"users\":[\"ins\"],\"image\":[\"https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png\"],\"links\":[\"https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
}
]
}elcryptodonfollowed @hottopic2017/12/18 04:30:03
elcryptodonfollowed @hottopic
2017/12/18 04:30:03
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"hottopic","what":["blog"]}] |
| Transaction Info | Block #18183943/Trx 79382a074bd111da8ac6329c6ffe509803ded706 |
View Raw JSON Data
{
"trx_id": "79382a074bd111da8ac6329c6ffe509803ded706",
"block": 18183943,
"trx_in_block": 20,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:30:03",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"hottopic\",\"what\":[\"blog\"]}]"
}
]
}elcryptodonunfollowed @hottopic2017/12/18 04:30:00
elcryptodonunfollowed @hottopic
2017/12/18 04:30:00
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"hottopic","what":[]}] |
| Transaction Info | Block #18183942/Trx d1f7cf389dac33a185c0af6a819d8093939aa9f8 |
View Raw JSON Data
{
"trx_id": "d1f7cf389dac33a185c0af6a819d8093939aa9f8",
"block": 18183942,
"trx_in_block": 5,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:30:00",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"hottopic\",\"what\":[]}]"
}
]
}2017/12/18 04:16:39
2017/12/18 04:16:39
| voter | techin |
| author | elcryptodon |
| permlink | blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies |
| weight | 10000 (100.00%) |
| Transaction Info | Block #18183675/Trx e862b5b2b78856d2af4781308fe74d322b997827 |
View Raw JSON Data
{
"trx_id": "e862b5b2b78856d2af4781308fe74d322b997827",
"block": 18183675,
"trx_in_block": 13,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:16:39",
"op": [
"vote",
{
"voter": "techin",
"author": "elcryptodon",
"permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
"weight": 10000
}
]
}elcryptodonfollowed @hottopic2017/12/18 04:15:18
elcryptodonfollowed @hottopic
2017/12/18 04:15:18
| required auths | [] |
| required posting auths | ["elcryptodon"] |
| id | follow |
| json | ["follow",{"follower":"elcryptodon","following":"hottopic","what":["blog"]}] |
| Transaction Info | Block #18183648/Trx ba1ce92c5b12d0978da0550cf2a4f28ef47c36cc |
View Raw JSON Data
{
"trx_id": "ba1ce92c5b12d0978da0550cf2a4f28ef47c36cc",
"block": 18183648,
"trx_in_block": 20,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:15:18",
"op": [
"custom_json",
{
"required_auths": [],
"required_posting_auths": [
"elcryptodon"
],
"id": "follow",
"json": "[\"follow\",{\"follower\":\"elcryptodon\",\"following\":\"hottopic\",\"what\":[\"blog\"]}]"
}
]
}hottopicsent 0.001 STEEM to @elcryptodon- "Hello elcryptodon. I Followed you.If you follow me, I'll be happy.Thanks :)"2017/12/18 04:13:33
hottopicsent 0.001 STEEM to @elcryptodon- "Hello elcryptodon. I Followed you.If you follow me, I'll be happy.Thanks :)"
2017/12/18 04:13:33
| from | hottopic |
| to | elcryptodon |
| amount | 0.001 STEEM |
| memo | Hello elcryptodon. I Followed you.If you follow me, I'll be happy.Thanks :) |
| Transaction Info | Block #18183613/Trx 903430d8620cc746e1b6f1ce80e220897310347b |
View Raw JSON Data
{
"trx_id": "903430d8620cc746e1b6f1ce80e220897310347b",
"block": 18183613,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:13:33",
"op": [
"transfer",
{
"from": "hottopic",
"to": "elcryptodon",
"amount": "0.001 STEEM",
"memo": "Hello elcryptodon. I Followed you.If you follow me, I'll be happy.Thanks :)"
}
]
}2017/12/18 04:13:21
2017/12/18 04:13:21
| voter | elcryptodon |
| author | elcryptodon |
| permlink | blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies |
| weight | 10000 (100.00%) |
| Transaction Info | Block #18183609/Trx bdf1e27cfd24d8189b2fa24e594c2f3f1d7f6d92 |
View Raw JSON Data
{
"trx_id": "bdf1e27cfd24d8189b2fa24e594c2f3f1d7f6d92",
"block": 18183609,
"trx_in_block": 11,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:13:21",
"op": [
"vote",
{
"voter": "elcryptodon",
"author": "elcryptodon",
"permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
"weight": 10000
}
]
}2017/12/18 04:13:21
2017/12/18 04:13:21
| author | elcryptodon |
| permlink | blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies |
| max accepted payout | 1000000.000 SBD |
| percent steem dollars | 0 |
| allow votes | true |
| allow curation rewards | true |
| extensions | [] |
| Transaction Info | Block #18183609/Trx bdf1e27cfd24d8189b2fa24e594c2f3f1d7f6d92 |
View Raw JSON Data
{
"trx_id": "bdf1e27cfd24d8189b2fa24e594c2f3f1d7f6d92",
"block": 18183609,
"trx_in_block": 11,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:13:21",
"op": [
"comment_options",
{
"author": "elcryptodon",
"permlink": "blockchain-brought-to-the-grocery-industry-ins-revolutionising-the-ecosystem-for-fmcg-companies",
"max_accepted_payout": "1000000.000 SBD",
"percent_steem_dollars": 0,
"allow_votes": true,
"allow_curation_rewards": true,
"extensions": []
}
]
}2017/12/18 04:13:21
2017/12/18 04:13:21
| 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.  **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 |
| json metadata | {"tags":["blockchain","crypto-news","startup","cryptocurrency","fintech"],"users":["ins"],"image":["https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png"],"links":["https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f"],"app":"steemit/0.1","format":"markdown"} |
| Transaction Info | Block #18183609/Trx bdf1e27cfd24d8189b2fa24e594c2f3f1d7f6d92 |
View Raw JSON Data
{
"trx_id": "bdf1e27cfd24d8189b2fa24e594c2f3f1d7f6d92",
"block": 18183609,
"trx_in_block": 11,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T04:13:21",
"op": [
"comment",
{
"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\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",
"json_metadata": "{\"tags\":[\"blockchain\",\"crypto-news\",\"startup\",\"cryptocurrency\",\"fintech\"],\"users\":[\"ins\"],\"image\":[\"https://steemitimages.com/DQmVWZsTGMTnP4Jhe3LBvPiRWWkMLv4Y9bWYz818CBthiHS/image.png\"],\"links\":[\"https://tokensale.ins.world/?ref=f05d45728cb5a1d98676501f\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
}
]
}steemcreated a new account: @elcryptodon2017/12/18 03:56:00
steemcreated a new account: @elcryptodon
2017/12/18 03:56:00
| fee | 0.500 STEEM |
| delegation | 57000.000000 VESTS |
| creator | steem |
| new account 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 | |
| extensions | [] |
| Transaction Info | Block #18183262/Trx 9ffa80245ba9e4de2387f7a0b0e14a865205e823 |
View Raw JSON Data
{
"trx_id": "9ffa80245ba9e4de2387f7a0b0e14a865205e823",
"block": 18183262,
"trx_in_block": 7,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-12-18T03:56:00",
"op": [
"account_create_with_delegation",
{
"fee": "0.500 STEEM",
"delegation": "57000.000000 VESTS",
"creator": "steem",
"new_account_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": "",
"extensions": []
}
]
}Manabar
Voting Power100.00%
Downvote Power100.00%
Resource Credits100.00%
Reputation Progress38.14%
{
"voting_manabar": {
"current_mana": "8143659806",
"last_update_time": 1779062007
},
"downvote_manabar": {
"current_mana": 2035914951,
"last_update_time": 1779062007
},
"rc_account": {
"account": "elcryptodon",
"rc_manabar": {
"current_mana": "10164408779",
"last_update_time": 1779062007
},
"max_rc_creation_adjustment": {
"amount": "2020748973",
"precision": 6,
"nai": "@@000000037"
},
"max_rc": "10164408779"
}
}Account Metadata
| POSTING JSON METADATA | |
| None | |
| JSON METADATA | |
| None |
{
"posting_json_metadata": {},
"json_metadata": {}
}Auth Keys
Owner
Single Signature
Public Keys
STM5Yc8xwpUgYesWjoc1S3jEYnBdtioLMwbxHcyiUDjRJzSQqWDzT1/1
Active
Single Signature
Public Keys
STM68JZCWN1Yd6QXyETkV59fovDiSsodLV8iLAAB7pdxq5jouQ1SZ1/1
Posting
Single Signature
Public Keys
STM5MWtjEAEFEL6zRBtYquEfjmxkpCac3nJfGNCEoA8Gt1hqhyTYx1/1
Memo
STM7fGywBtVaELDjgQVpL6kxK7TDvNzvXzZDvBWwvzkFoswz2XEC7
{
"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": "STM7fGywBtVaELDjgQVpL6kxK7TDvNzvXzZDvBWwvzkFoswz2XEC7"
}Witness Votes
0 / 30
No active witness votes.
[]