WorldBit Releases New "Explorer" Mobile App to Power Augmented Reality e-Commerce on Ethereum Blockchain
SINGAPORE, Feb. 8, 2018 /PRNewswire/ -- WorldBit, the world's first global augmented reality e-commerce marketplace, announced today that its WorldBit Explorer app is available for download on iOS and Android mobile devices. WorldBit Explorer facilitates seamless mobile access to the WorldBit marketplace in a novel augmented reality environment. The app is available for download through the Google Play store or on the company's newly refreshed web portal www.worldbit.com.
WorldBit is a global, augmented reality marketplace that uses the power of Ethereum blockchain to enable merchants, makers, and consumers to engage in legal commerce without the need for banks, middlemen or a centralized structure. The WorldBit application will allow users to use augmented reality and GPS-based mapping to identify the products and services they are seeking within a defined geographic location. Sellers will be able to "tokenize" their sale offering by uploading a picture, posting salient information and pricing the item.
After they list their item on WorldBit, merchants immediately receive a percentage of their sale price in tokens before they've sold the product. The entire sale process occurs inside of an ERC20 Smart Contract, so both parties are protected. As a result of this collateralized valuation of the WBT token, WorldBit's token will always have an asset backed by intrinsic value.
"As the e-commerce marketplace has become increasingly tilted to favor large scale producers, the ability of small buyers and sellers to compete in the market has been greatly diminished," said WorldBit CEO Stuart Trusty. "WorldBit levels the e-commerce playing field by harnessing the power of blockchain to bring more transparency in a decentralized platform that allows entrepreneurs to compete on equal footing with established businesses."
WorldBit is currently in the process of identifying and recruiting merchants and makers to the platform through a global effort spanning 12 countries. The company anticipates that the marketplace will go live for merchants and consumers in late February following the conclusion of the WBT initial coin offering, which began in late November.
Contact:
Dave Vermillion
Kekst
212.521.4894
david.vermillion@kekst.com
View original content:http://www.prnewswire.com/news-releases/worldbit-releases-new-explorer-mobile-app-to-power-augmented-reality-e-commerce-on-ethereum-blockchain-300595769.html
SOURCE WorldBit
