Distributors.Network
By TradeDigitization.com
Using a Web-3 Protocol to Facilitate Distribution
Providing Web3 Benefits To A Distributors Network
GLOSSARY
Marketplaces.Trade is operated by TradeDigitization.com, as a co-operation with TradeKey.
TradeDigitization.com is an IBM Partner Programme, and comprises of TRADE GATEWAYS and e-Debit.
TRADE GATEWAYS is a network of over 300 Digital Trade Gateways that utilize Marketplaces.Trade to source products for Trade Microsites featured across the Trade Gateways.
e-Debit is a platform used to facilitate Trade Finance through major providers as well as provide memorable wallet addresses.
TradeKey is the worlds largest B2B Marketplace.
The Web-3 Protocol has been initiated by TradeDigitization.com. The Web-3 Protocol provides the benefits of Web 3 (the Internet of Value) to conventional Web 2 sites.
The Web-3 Protocol has been designed to help with a transition to Web 3.
e-Debit uses it to help with the Provision of Supply Chain and Trade Finance through major suppliers, which might otherwise not be available.
About The Web-3 Protocol
The Web-3 Protocol has been initiated by TradeDigitization.com, which is an IBM Partner Programme.
The Web-3 Protocol has been designed to help with a transition to Web 3.
TradeDigitization.com comprises of TRADE GATEWAYS and e-Debit. These, along with the GTIN Token, are components of the Web-3 Protocol, and are designed to assist with a transition to Web 3.
Web 2, the social web, brought us user-generated content, social media platforms, and interactive websites. However, Web 3 takes the Internet to a new level by introducing decentralized web platforms, blockchain technology, and advanced user experiences.
While being an exciting opportunity, the transition to Web 3 presents many challenges. For that reason, TradeDigitization.com has launched the Web-3 Protocol as a halfway house that assists the transition to Web 3.
Web 3 Features provided by the Web-3 Protocol
Benefits of Web 3
Web 3, also known as the "Internet of Value", is seen as the next stage in the evolution of the World Wide Web. It is characterised by a focus on decentralisation and transparency.
One of the key technologies driving Web 3 is blockchain, which is a decentralised and transparent ledger that enables secure and trustworthy transactions without the need for intermediaries.
Benefits of Distributors.Network
Below are six Benefits of Distributors.Network:
1. Low costs
Because you don’t buy inventory, participation requires minimal upfront investment
2. Wide selection of products to sell
You can offer a wide array of trending products to your customers. With no unsold inventory to worry about, you can change your product catalog at will. If suppliers stock a new item, you can immediately list it for sale.
3. Flexible location
A Distributors.Network business can be run from just about anywhere with an internet connection.
4. Easier to start
Distributors.Network removes many hurdles. Running a distribution business becomes easier when you don’t have to:
- Manage or pay for a warehouse
- Monitor inventory
- Pack and ship orders
- Track inventory for accounting
- Handle returns and inbound shipments
The TRADE GATEWAYS Programme provides careful oversight of the fulfillment process. This helps to provide a satisfying customer experience.
5. Easier to test
Distributors.Network is a useful fulfillment model for testing customer interest in a new product category. Retailers can trial products before committing to buying inventory.
6. Easier to scale
Scaling a traditional Distribution business takes forward planning. Using Distributors.Network helps to scale more efficiently as required.
Differences between Web 2 and Web 3
Web 3, the next generation of the internet, brings many potential advantages and challenges.
As users transition from Web 2 to Web 3, some potential advantages include:
How The Web-3 Protocol can help address the lack of user-friendliness and accessibility of Web 3
The lack of user-friendliness and accessibility detailed poses a significant challenge for Web 3 adoption
Web-3 is an evolution of the web, not a revolution, so it allows the use of the Web-3 Protocols to build on a familiar Web 2 infrastructure to help with the transition to Web 3.
Quotes From Partners in the Parent TradeDigitization.com Programme
"Exciting Opportunity"
From TradeKey - The World's Largest B2B Marketplace
"We are looking forward to building a thriving partnership!"
From IBM - Global Leader in Blockchain , the cornerstone of Trade Digitization
What Is Distributors .Network ?
Distributors.Network is a business model where products bought at Marketplaces.Trade are shipped directly to Retailers by the supplier or manufacturer.
Distributors.Network features Trade Microsites from participating Distributors to remove common challenges such as buying, storing, and shipping inventory.
Distributors can pick a selection of the products they want featured in their Trade Microsites, and set prices that ensures a profit margin.
How Does It Work?
Marketplaces.Trade features millions of products from manufacturers/suppliers across the world.
When a sale is made from a Trade Microsite from a participating Distributor, it is forwarded to the Manufacturer/Supplier.
Shipment/Delivery is made to the participating Retailer across the TRADE GATEWAYS Network.
Distributors.Network passes the task of fulfillment to the Trade Gateways Network. This means Distributors don’t need to invest in warehouse space or risk getting stuck with unsold inventory. As such, Distributors can allocate more resources to other activities such as marketing.
Use Distributors.Network to curate items from like minded retailers and ship them directly to your customers.
The Distributors. Network Opportunity
Opportunities exist for Distributors to provide the following services.
- Provide warehousing and other logistics services
- Act as a Distributor on behalf of Large companies and SMEs
- Provide Fulfilment Services as detailed below
1. A TradeDigitization.com solution that will be provided, allows companies to use XML to notify an Advanced Shipment Notification to the warehouse prior to delivery.
2. The warehouse receives the goods against the ASN to check for damage and any discrepancies.
3. Warehouse issues a warehouse receipt.
4. The goods are then allocated to locations within the warehouse.
5. The warehouse receipt is then digitally signed from the verified ID of the Distributor, along with other relevant trade documentation.
6. After the transaction is verified payment is made.
7. Transfer of title to the goods, is then effected and the goods are dispatched by the warehouse/fulfilment company.
What are Distributors.Network Manufacturers /suppliers?
Distributors.Network Manufacturers/suppliers fulfill orders made at a Distributors Trade Microsite by Retailers on behalf of customers. Delivery is made to the retailers across the TRADE GATEWAYS Network.
Marketplaces.Trade hosts a directory of manufacturers/suppliers. Trade Microsites help sell products from multiple suppliers, keep product listings updated and automatically forward orders to suppliers.
Marketing
Distributors market their Trade Microsites. They can use search engine optimization or other forms of marketing.
Product variety
Distributors.Network gives distributors the ability to sell a wide array of products from a global network of manufacturers and suppliers without worrying about inventory.
Trade Finance Facilitation
Distributors.Network offers the digitized versions of products meaning instantaneous transfer of ownership is possible. This helps procure trade finance particularly if purchases are being made from overseas manufacturers/suppliers.
Customer service
Customer Service issues such as shipment delays, delivery problems, etc are dealt with across the TRADE GATEWAYS Programme.
Issues such as product defects are dealt with by Product certification and Trade insurance.
Distributors. Network FAQ
How much do I need to invest to start Distributors.Network ?
Starting a Distributors.Network business requires investing in a Trade Microsite that comes with a memorable domain name for Branding and Trade Digitization Features.
How do Distributors make money?
Distributors.Network businesses earn money by ensuring a profit margin exists on the products they buy from manufacturers/suppliers and sell to retailers.
How profitable is a Distributors.Network Business ?
As you make no payment until you get paid, and Supply-Chain Finance can be arranged for your retailers so that they can pay you immediately, Distributors.Network can help to build a profitable business quite quickly.
Addressing Conventional Challenges Distributors Face
Distributors.Network can help to address conventional challenges Distributors face which include:
- Finding the right products to sell and fostering strong supplier relationships is critical. This is where the partnership with TradeKey comes into play.
Potential manufacturers and suppliers usually have their own unique application processes.
Nearly all suppliers will ask you to go through an application process. These processes may require in-person meetings, tours of facilities, analysis of financial statements, providing proof of letters of credit from your bank and other steps.
Participating in the Distributors.Network Programme can help overcome these barriers. The use of the Web-3 Protocol means that as phygitized versions of products are what are sold, this means that much of the risk in the conventional Distribution process is removed for Manufacturers/Suppliers.
- The wide range of products available means you can easily choose your Distributors.Network niche.
- Packaging and shipping large orders can be quite an undertaking. The Distributors.Network business model helps address this.
Web-3 Protocol Components
Web-3 Protocol Components provide necessary tools to assist in a transition to Web-3.
TRADE GATEWAYS
TRADE GATEWAYS comprises of over 300 Digital Trade Gateways across the globe. Web 3 has great potential for Trade. There is a co-operation on TRADE GATEWAYS with TradeKey, the largest B2B Marketplace in the world.
The parties utilizing TRADE GATEWAYS for a transaction, agree an equivalence between control of an electronic transferable record and possession of a transferable paper document or instrument.
The reaching of such an agreement within a closed Trading Group, validates the use of an electronic transferable record, thereby helping the transition to Web 3, and pave the way for MLETR, which is an incoming legal framework for web 3 that has been adopted by the United Nations Commission on International Trade Law (UNCITRAL)
GTIN Token - Part of the TradeDigitization .com Programme
The GTIN Token Programme is operated by TradeDigitization.com. The GTIN Token Trademark is owned by TradeDigitization.com.
GTIN is the number that can be seen on the familiar barcode. GTIN is the acronym for “Global Trade Item Number”.
A GTIN is a number that is used to identify “something” that can be purchased, sold, or put into inventory.
This includes individual items that can be purchased by a consumer as well as cases of items that could be purchased and moved within a supply chain.
A GTIN is an umbrella term used to refer to items that may need to be identified with a GTIN barcode.
The GTIN Token Programme builds on the GTIN System on which the Bar Code is built, to give products their own Unique Digital Identity for Trade Digitization.
This is the world's first-ever implementation of GTIN semantics in a Trade Digitization framework.
This development enables all brands already working with GTIN identifiers to seamlessly apply a Trade Digitization Programme.
Benefits of Utilization of the Web-3 Protocol
Distributors.Network uses the TradeDigitization.com Web-3 Protocol to facilitate the distribution of products and provide benefits to distributors as detailed below.
1. Sourcing Products and Mitigating Product Risk
Any distribution company needs to be able to source products to their preferred segment, whether to large retailers like department stores, or small businesses. There are pros and cons to both.
Larger retailers often have strict rules around product sales—and who takes the hit if there are losses. This can make working with chain stores and department stores difficult and expensive.
As such, working with smaller retailers can mean less risk.
Distributors.Network uses the TradeDigitization.com Web-3 Protocol, to provide Distributors with the profitability of working with larger retailers and the speed of working with small businesses.
The Web-3 Protocol also facilitates both Supply Chain Finance, and Trade Insurance that helps to mitigate the risk of returns.
2. Choosing the best products to Distribute
Distributors.Network uses the TradeDigitization.com Web-3 Protocol to distribute products for Manufacturers and Suppliers at TradeKey, the worlds largest B2B Platform.
As such, there are a range of products available to suit all niches and requirements.
3. Maximizing Cashflow
Extended Supply chain Finance terms of up to 120 days are a feature of Distributor.Network. This helps maximize cashflow and ensure profits can be made from sales.
4. Utilizing a Trade Microsite
The traditional way to sell wholesale products used to be very complex and manual. Now, Distributors can use a Trade Microsite to sell wholesale and feature a range of products offered by TradeKey Manufacturers and major Suppliers.
Some Required Features for the transaction from Web 2 to Web 3 are detailed below.
Digitization
The Digitization process converts the representation of an object, image, sound, document, or signal information into a digital format.
This then allows for the transmission of that value directly across the web and enables immediate ownership across the web.
This is particularly important in cross border trade, which has remained basically the same for over 200 years. Digitization can help remove the long transaction times that are a current part of the current paper-based system by up to 98%.
TradeDigitization.com uses Digitization to help make trade faster, more secure, and more efficient.
E:mail: contact@tradegateways.com