Splyt streamlines the supply chain of e-commerce sales across multiple marketplaces by using a global inventory, affiliate sales system that leverages blockchain technology.
By removing middlemen, Splyt allows affiliate sales while preventing the ‘double-sell’ problem when demand exceeds inventory. This increases Seller’s market reach with no intermediaries.
Splyt has built the databasing and search engine functionality necessary for affiliate marketing retail e-commerce goods via tokenizing asset listings through smart contract escrows. These tokenized asset listings carry the ability for Sellers to offer bounties for affiliates and other parties who help facilitate a sale or transaction.
A thorough and effective search through existing catalogs and inventories is necessary for Consumers to locate items they wish to purchase from Sellers. The following illustrates how Splyt solves the problem by using Splyt’s global inventory system.
The Splyt token represents e-commerce transaction “bandwidth” for sellers. In order to list something for sale, a seller must stake some tokens to prevent spamming the network. Once the item is listed, it automatically syncs to all Splyt affiliates and marketplaces with an incentivization to source a buyer for the item and collect the bounty.
The Splyt Token is designed to leverage legacy systems’ positive incentives for dispute resolution through an automated means that alleviates cost and time barriers associated with arbitration. We enable validators in our network to interact with the Global Listing base in a Token Curated Registry (“TCR”) method. This double-stake method can be leveraged at any point where human actors are capable of bad faith behavior.
The Splyt Token is designed escrow funds on a purchase to protect buyers. Once the buyer receives the item, the funds will be released to the seller and affiliate(s). If the item is not delivered, the buyer can initiate the Splyt dispute protocol outlined above.
Cyrus and Josh meet to discuss how to solve the inventory cross-database issues of e-commerce affiliate marketing Initial team formed.
First Splyt smart contract suite released as an alpha on Ethereum Ropstein
First real world inventory is tokenized as NFTs on Splyt
Automated affiliate reward contract released.
Science Blockchain invests into Splyt.
Global inventory management using Splyt blockchain database schemas updated.
Splyt wins and is selected into the RISE beta startup program in Hong Kong.
P2P Arbitration contracts released.
TCR to prevent inventory fraud and spam released.
Splyt data storage and event mechanism released.
Splyt release their beta smart contract suite.
Splyt opens up South Korea office.
SE Asia choosen as first launch demographic for Splyt mainnet.
Shopify inegration will allow any Shopify store connect to the Splyt Platform easily through the Shopify App Store.
Launch IEO and the Splyt platform, starting in the South East Asia Regions.
Splyt Side Chains will allow validators to earn more tokens.
Plan to be in the Klaytn ISP (Initial Service Providor) ecosystem to grow the Splyt userbase.
Cafe24 inegration will allow any Cafe24 store connect to the Splyt Platform easily through the Cafe 24 App Store.
IPFS and other leading distrubuted datastore layers will be integrated to reduce gas costs and consitency of product descriptions.
An open API (Advanced Programming Interface) will allow the creation of native Splyt stores, apps and web browser extensions.
An open API middleware that will connect Splyt orders with Logistics providers to reduce costs of shipping for sellers.
Fully handover governance of the Splyt Platform to Splyt Network Token holders.
Magento inegration will allow any Magento e-commerce store connect to the Splyt Platform easily through the Magento App Store.
Spl.yt automatically pushed seller’s inventory to the blockchain
Affiliates are paid instantly after a successful sale from the global inventory
Reputation follows and protects users no matter where they shop
Spl.yt streamlines disputes without intermediaries
Increase market size by allowing fractional purchases of luxury goods
Maximize your sales with real-time analytics tracked by the blockchain