The PiChain Global platform
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Last updated
Our vision goes beyond being a standalone platform; we aspire to be a catalyst for Web3 adoption, providing the soil for useful projects to thrive. As we continue to grow, our goal is to integrate more Dapps, attract a wide user base of Web2 natives, and demonstrate the transformative potential of Web3 technology in business, games, NFT, and other fields. In short, we aim to shape the future of decentralized commerce.
To facilitate Dapp adoption, the platform provides an SDK (Software Developer Kit) to support Dapp developers to integrate with the login and fiat rails, and to standardize Dapp access to the $PCM token and other cryptocurrencies.
We anticipate that, thanks to our incredible community and its network effect, the PiChain Global Ecosystem will rapidly expand beyond the existing Daaps, such as the PiChain Mall platform and PiNFT ART platform, however, these Dapps serve to demonstrate what the user experience may look like for future solutions.
PiChain Mall trading system contract
The PiChain Mall contract is a smart contract deployed to the blockchain. It supports a variety of functions and features that are essential to the ecommerce platform. The main functions of the PiChain Mall smart contract include:
Identity authentication and trust establishment
The PiChain Mall contract can implement a decentralized identity verification and trust-building mechanism. Users can register and log in through their own digital identities without relying on third-party agencies. Transaction records and smart contract rules on the blockchain can ensure the transparency and security of transactions and enhance users' trust.
Decentralized transactions and payments
The PiChain Mall contract can support decentralized transactions and payment systems. The payment mechanism implemented using smart contracts can ensure the traceability and security of transactions. At the same time, smart contracts can also automatically execute transactions, reducing intermediate links and related costs.
Product traceability and anti-counterfeiting verification
The PiChain Mall contract can record the production process and supply chain information of goods, and realize the traceability function of goods. Consumers can verify the authenticity and quality of goods through data on the blockchain, thereby preventing the circulation of counterfeit and shoddy goods.
Decentralized rating and review system
The PiChain Mall contract supports a decentralized evaluation and comment system. User ratings and comments will be recorded on the blockchain and cannot be tampered with or deleted, providing more fair and credible user feedback.
Reward mechanism and points system
The PiChain Mall contract can design a reward mechanism and points system to encourage users to participate in platform activities. Through smart contracts, the platform can automatically distribute rewards and points to ensure fairness and transparency.
Decentralized storage and distribution
The PiChain Mall contract can use decentralized storage technology to store product pictures, videos, and other related data on the blockchain. This can reduce dependence on centralized servers and improve data reliability and security.
Automatic execution of smart contracts
An important function of the PiChain Mall contract is the automatic execution of smart contracts. According to preset rules and conditions, smart contracts can automatically execute transactions, issue rewards, and handle disputes and other operations, reducing the possibility of human intervention and improving efficiency and fairness.
Through the characteristics of blockchain technology, such as decentralization, transparency, security, and programmability, the PiChain Mall contract provides a more secure, efficient, and fair trading environment for e-commerce platforms, enhancing users' trust and Participation.
Dispute resolution
Additionally, the PiChain Mall smart contract also plays a vital role in automatically resolving transaction disputes. The specific functions are as follows:
Automated dispute resolution mechanism: The PiChain Mall contract can pre-set an automated dispute resolution mechanism. For example, when a dispute occurs, the smart contract automatically triggers an arbitration process and makes a ruling based on pre-set rules and conditions. This mechanism can improve the efficiency and fairness of dispute resolution.
Third-party arbitration mechanism: The PiChain Mall contract can also introduce a third-party arbitration mechanism to further enhance the fairness and neutrality of dispute resolution. When users have a dispute, they can choose to submit the dispute to an arbitration institution and implement it in accordance with the arbitration results. Blockchain technology can provide tamper-proof transaction records and evidence, helping arbitration institutions make fair decisions.
Review system
The PiChain Mall contract can use the decentralized evaluation and comment system to resolve disputes between some users. Users can post ratings and comments on the blockchain, and other users can refer to this information to make decisions. This transparent rating system can reduce unnecessary disputes and encourage honest communication among users.
Contract updates
As a contract deployed to the blockchain, the PiChain Mall contract is publicly verifiable, and new versions may be deployed to supersede earlier models. In the near future, as per our roadmap, we anticipate that updates will be made to accommodate:
Community governance: The PiChain Mall contract can adopt a community governance model to allow users to participate in the decision-making process of dispute resolution. Through voting or consensus mechanisms, users can reach a consensus on dispute resolution and implement final decisions. This approach can increase user engagement and trust.
Multi-party guarantee mechanism: The PiChain Mall contract can introduce a multi-party guarantee mechanism to resolve disputes through the participation of multiple parties. For example, the contract can require the customer to pay a deposit before transacting. When a dispute occurs, the deposit can be used to compensate the injured party or pay arbitration fees. This mechanism can encourage users to be honest and trustworthy and reduce the occurrence of disputes.
At PiChain Global Ecosystem, we understand that the success of Web3 adoption relies not only on the technology itself, but also on a thriving ecosystem of innovative projects and real-world use cases. To accelerate this cause beyond the development capacities of our own team, we have reserved a portion of the $PCM token allocation for use by potential future projects looking to integrate with the PiChain Global Ecosystem. In this way, $PCM plays a leading role in guiding and incubating these projects, just as the PiChain Global Ecosystem enables such teams to leverage our large and vibrant community to support their growth. Let’s take a closer look at the $PCM token allocation schedule next.
