Electronic commerce (e-commerce) services nowadays have become a core element and more popular on Internet and Web environment. E-commerce, Internet and Web environment have enabled businesses to reduce costs and offer many benefits both to the consumer and to the business.
As the Information, technology and the using of internet are increasing every day, the demand for secure information and electronic services is growing. Every online transaction in the internet can be monitored and stored in many different locations, since the Internet is a public network it makes very important for businesses to understand possible security threats and vulnerabilities to their business.
The key factor that affects the success of e-commerce is to exchange security on network. In this article I will introduce you to XeonFrame Networks, where you can found at https://www.xeonframe.net/, the next generation of e-commerce.
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| XeonFrame Networks |
What is XeonFrame?
XeonFrame is the first decentralized e-commerce ecosystem, where ecosystem users can exchange goods and services through the Decentalized application, using a blockchain-based cognitive e-commerce platform that will change the way people discover, purchase, track, advertise and resell items on the Internet.
XeonFrame Network is able to establish an immutable digital ledger for every user on its network using a decentralized architecture and smart contracts. ln addition to a smart contracts, XeonFrame also enables secure and fast payment gateway in a very large eCommerce ecosystem. Where blockchain technology allows humans to confidently buy and sell goods online through not only fast and secure payment gateways,but also through smart autonomous contracts in a decentralized network.
XeonFrame is an ecosystem that includes : XeonFrame Exchange, Platform , and Marketplace. Users in the ecosystem can exchange goods and services through the XeonFrame Exchange transaction portal. On XeonFrame Ecosystem, users can trade (buy and sell) XF Coin directly with anyone around the world.
Combining blockchain technology with eCommerce will enhance the efficiency of business, increase the income for the seller, and reduce the cost to the buyer. All of these companies need a payment solution, and the companies that are providing those solutions are also thriving. There are a plethora of ways in which blockchain technology can be taken advant -age of to improve upon the existing payment solutions. For instance, there is virtually no cost of currency exchange on XeonFrame. XeonFrame is minimizing the fee of every transaction, limiting it to nearly zero.
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| THE NEXT GENERATION DECENTRALIZED ECOMMERCE ECOSYSTEM |
What Problems to Solve by XeonFrame?
With the decentralized architecture and consensus security protocol to the e-commerce space, XeonFrame Networks addresses the main vulnerabilities of the e-commerce ecosystem, in particular. Which are:
Lack of Innovations Issue
E-commerce trends, much like fashion trends, are constantly evolving. What was trending yesterday might not exist tomorrow. Even more, users are putting increasing pressure to meet their growing list of demands and technologies. Users want a simple, straightforward checkout process. An interface that is easy to manipulate and fun to use.
Payment Security Issue
Online transactions are “card-not-present” transactions. As e-commerce expands, opportunities for fraudulent misuse of payment networks and data theft grow right alongside. In addition to more obvious fraud-monitoring tools such as the customer account, validation services, and purchase tracking.
Recent e-commerce security breaches underscore what every merchant knows: customer and card data security is top priority. Preventing online payment security issues is a must for anyone doing business online.
Anonymity Issue
E-Commerce faces a unique and difficult problem, the anonymity of the Internet. Because the parties are not in physical proximity to one another, there are limited avenues for trust to arise between them, and this leads to the fear of cheating and promise-breaking.
Payment Gateway Issue
A payment gateway is an e-commerce service that allows merchants to accept credit card and other forms of Internet transactions (online banking) securely via your website or online store. A payment gateway can reassure your customer that you are legitimate, or put them off entirely if you make the wrong choice. It can also determine whether your customer has a smooth checkout process, or it takes too long.
Payment gateways have long been rebuked by retailers for their high processing costs. The average rate today is 2.9% + 30c per transaction for online, or card-not-present, transactions. These costs have slowly increased for retailers, while the underlying cost and risk associated with processing these payments have decreased for gateways. How does that make any sense?
Restrictions on Payment and Payment Processing Time Issue
The eCommerce payment system has its limits regarding the maximum amount in the account, the number of transactions per day and the amount of output. If you decide to add more money into your shopping account you'll have to contact your bank to increase your credit card limit or transfer limit which would take a while to effect or probably go through the traditional bank wire which takes a few days before it reflects.
How XeonFrame Works?
XeonFrame network is incorporating B2B ecommerce system to the present B2C system attainable in tradition commerce ecosystem. B2B firms will spend more on eCommerce technology than online retailers do.
New manufacturers/whole-sellers in the XeonFrame network are provided with a unqiue identifier used when registering in the XeonFrame network. This identifier is used to access their cybersecurity and assign a default reputation score to the manufacturer or whole-seller. The process is an essential step to prevent rogue and hackers from entering the network.
The identity registry service is the consensus service that validates the integrity of the users in the XeonFrame network. The XeonFrame network will run an instance of a limited number of identity Registry servers where manufacturers highly qualified and trusted would earn tokens and scores as a result of their integrity and honest business practice.
As the XeonFrame network expands, the identity registry servers will publish to secondary identity registry servers. the role of the identity registry servers are to ensure the whitelist is properly formatted ,submitted from a trusted manufacturer/whole-seller to the buyers and all metadata in the whitelist is consistent with buyer specifications and needs on the identity Registry blockchain.
In the XeonFrame blockchain system, there is still a concept of decentralized applications (DApps). A XeonFrame DApp would manage all data and logic that should not be stored on the blockchain for privacy and performance reasons. The business logic related to the business transaction could be completely offloaded to the Smart Business Contract.
The proposed architecture leverages Centralized cloud services scalable Through traditional means as well as the Ethereum public blockchain. XeonFrame recognized industry¬wide concerns about the scalability of the Ethereum blockchain and will benchmark and forecast key performance metrics to ensure that XeonFrame services and protocols can serve the necessary use cases. Note that many of the operations XeonFrame supports do not require high throughput writes to the blockchain. XeonFrame will continue to monitor new developments in the space and prepare a migration path if and when scalability becomes a significant concern.
XeonFrame has a process for assigning secure user identifications upon registering and joining the network environment. This allows for immediate and encrypted single- stage handshake communication between buyers and seller using the XeonFrame ecosystem, and the cloud infrastructure side using the XeonFrame secure communications service. With XeonFrame there's no need to exchange certificates or employ a third-party certificate authority solution.
In the XeonFrame eCommerce ecosystem, tokens are used by buyers to purchase goods and services and manufacturers as well as wholesalers also utilize XeonFrame tokens for marketing and advertisement making it of upmost importance in the XeonFrame network.
Who Behinds XeonFrame?
FOUNDERS & TEAM MEMBERS
CHUNG HIDEKI
CEO/CO FOUNDER
14 years of experience in e-Commerce, founder of XeonFrame. Previously, he worked in global consulting firms, a successful blockchain investor, cryptocurrency expert and entrepreneur.
TALON XANDER
CTO/CO-FOUNDER
A serial e-Commerce entrepreneur with over 12 years of experience. Chief operating officer of Alibaba 4 years.
KENJI NORIO
CFO/CO - FOUNDER
Engineer-Manager and consultant at Google. Extensive experience in launching, investing and creating an ecosystem.
NORMAN OSAMU
CSO
Previously, he served as Technical adviser to the Ministry of cyber command of the Ministry of national defense and cyber security and technology adviser to the National police Agency.
BERTHOLD CHENG
PRODUCT DEVELOPER
He is a full stack developer with 7 years of experience in it development, enterprise architecture and product design. He holds a master's degree in technology Entrepreneurship and innovation from McMaster University.
JET JAXSON
GLOBAL MARKETING DIRECTOR
Brings his expertise in digital marketing, branding and creative direction from the US to The XeonFrame e-Commerce project team.
RUSSELL ZONGMENG
ECOSYSTEM ARCHITECT
Master of science in applied mathematics and physics (MIPT). He is the author of several patents and numerous publications related to new hardware and scientific computing.
YASUO TOMIO-TECH
LEAD ENGINEER BLOCKCHAIN
14 years of software development experience.Ph. D. D in the field of data security in the USC.12 years of experience in distributed systems, content protection, full-cycle project development, cryptography and blockchain enthusiast.
LARRY MERLO
BLOCKCHAIN ENGINEER
Master of computer science at Columbia University Bachelor of mathematics and computer science at the University of Maryland.
HISAO KEN
HEAD OF SOFTWARE ENGINEERING DEPARTMENT
More than 10 years of experience in developing high-load systems for the e-Commerce ecosystem. previously worked as a programmer for IBM and Nokia.
JESSICA CHLAMERS
GLOBAL HEAD OF SALES
Quickly identifies opportunities to expand efforts and results in a global environment. She has over 6 years of marketing experience and 4 years in e-Commerce, working as a marketing Manager with Ebay.
MOULY SURYA
DIGITAL MARKETING MANAGER
She worked in Finance, education and advertising. Fluent in English, Arabic, French and Spanish, she has developed, executed and optimized large-scale campaigns around the world.
BOARD OF ADVISERS
DR. DEREK YANDEL
STRATEGIC ADVISOR
He is an expert in blockchain technology, cryptocurrency, digital transformation and entrepreneurship. He advises companies on their blockchain activities. He is also a member of the FinTechRat Federal Ministry of Finance and a founding member of the German Blockchain e Association.V. and the multichain asset managers Association.
HYUN MASAAKI
STRATEGIC ADVISOR
An entrepreneur for 15 years, a venture capitalist and a passionate blockchain investor. Creates vision and analytical tools that enable individuals, businesses and society as a whole to positively influence the insurmountable transformation into a world based on decentralized exponential.
MICHAEL DUBIN
STRATEGIC ADVISOR
Head of software development, system integration, business development in the field of information technology, Internet, telecommunications in companies such as Cisco, Nokia and DataA.
Why Choose XeonFrame?
XeonFrame network uses the latest innovations in the ecommerce ecosystem which includes the XeonFrame tokens, developer tools, sovereignty, innovation, XeonFrame Marketplace, Shared DATA and Authenticity protocols. Those innovations are combining with blockchain technology, Decentralized APP, and Smart Contract. As a result, XeonFrame will be able to enhance the efficiency of business, increase the income for the seller, and reduce the cost to the buyer.
You can get more detailed information about XeonFrame by visiting the following links: WEBSITE, WHITEPAPER, TELEGRAM.
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