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Galaxy eSolutions — Hybrid eCommerce
ecosystem on blockchain in the multi-billion preowned and refurbished market

What is Galaxy eSolutions (GES) all about?

Galaxy eSolutions Limited is a Global eCommerce for refurbished and pre-owned smartphones and other consumer electronics, with marketplaces to buy and trade-in goods.

Galaxy eSolutions Limitedis a global eCommerce ecosystem with fast growth and real traction, reaching near 20M USD sales within its first year of operation.

Its vision is to fully integrate blockchain and evolve into a hybrid ecosystem with marketplace platform, so as to resolve the several pain points in the multi-billion preowned and refurbished electronics industry

What are GES Tokens?

GES tokens are a form of utility tokens made for the GES Initial Coin Offering (ICO), also called Crowdsale, and in order to purchase them Ethers are needed. Ethers are the cryptocurrency from the Ethereum network. The tokens can then be used in exchange for Ethers or to buy products from our current e-commerce site NDBD and our new GES site in the future.

How is GES Different?

We are to incorporate the Blockchain platform onto one of our marketplaces MobileFreak, where consumers and businesses can trade-in their phones with other businesses. It will be a direct P2P type model and ecosystem. The blockchain technology will also help to easily and quickly record details of the goods, transactions, and logistics of both sides.

This could resolve trust and credibility issues between both parties, such as supplier quality, product grading and quality standards, the Mobile serial number to ensure authentic and not fake or stolen goods, and payment of the goods and services

Our mission is to further environmental sustainability by utilizing a decentralized, pre-owned and refurbished ecommerce ecosystem designed to advance the sharing and circular economies.”

The Problem

• Phone Versions Unclear/Products Not as Described
  In most phone trading websites, only the phone models are listed. Therefore, the exact versions of the phones are not shown clearly. Phone version information is required so that buyers know that they are buying the right phones for the right markets. For example, a local shop trader in
  Australia might not be able to sell iPhones which are of USA versions, due to factors such different network bandwidth, causing the phone to not work with local network frequencies. Different phone versions could cause consumer dissatisfaction as well: for example, phones in Japan are required to have an alert sound when taking pictures.
• Potential Frauds/Scams
  In many cases, phones are almost as good as cash, since it is highly tradable and of relative high value. Hence, the phone industry often is littered with scammers. The typical scams include failing to deliver goods after being paid, selling stolen goods on purpose and selling goods of questionable quality. There are also suppliers who mix some bad products with good products just to increase their margins. Clearly, the industry lacks trust.
• High Cross-Border Transaction Costs
  We all know that transacting for international payments is expensive and often incurs exchange losses. In some cases, payments have to go thru intermediary banks, often taking days for one transaction to complete. Add to this concern stricter AML (Anti-Money-Laundering) measures,
  and we see even higher cross-border transaction costs.
• Product Movement Verification
  When deals are done, what is required next is the movement of the goods. There are many cases of goods not being delivered on time, or that the tracking numbers need to be chased. There are also cases of goods delivered to wrong addresses, held at customs or even being provided fake tracking numbers

The Solution

• Building Trust in a Trustless Environment
  One solution to ensure the right products in the right markets is to obtain the phone IMEI (International Mobile Equipment Identity) from the sellers, of which every phone has one (or two, if it is a dual SIM version). This unique IMEI number of every phone will reveal information such as the model number, the region and hence the version and the related network bandwidth.
• Eliminating the Risk of Frauds and Scams
  Since providing the IMEI numbers would mean that the supplier is likely to have the goods with them. The IMEI numbers can also be used to ensure that the goods are not stolen goods. As such, putting such critical information on blockchain would certainly help to stop scams as well as improving trading experience. An API with IMEI database companies could facilitate the checks even faster which is in the plan
• Reducing Transaction Costs and Time
  Cross-border transaction fees will be greatly reduced by choosing to transact using cryptocurrencies such as BTC, ETH or even using GES tokens. Time will also be saved and transactions could happen within hours, rather than days.
  Both of these are extremely important in the phone trading industry since it is a low margin, high turnover business where quick turnaround is always critical in business performance.
• Tracking Product Movement and Refurbishment Details
  Information such as when items have been refurbished, who did the refurbishment, current status of warranty period, courier used, dates dispatched, tracking numbers, shipment weight, and many other logistics records can be put on the blockchain, improving trading experience, combating fraud, and preventing shipment inconsistencies

Market Trends and Predictions

Galaxy eSolutions predicts that the preowned and refurbished consumer electronics market will continue to grow due to a variety of factors, including:

• Insatiable demand from developing countries.
• Growing needs for a consumer to have a second phone (one for business/work).
• Shorter life cycles of consumer electronics and the continuous upgrading.
• Growing awareness of the need for environmental sustainability.
• Large scale adoption of sharing and circular economies

Operational Structure

Rodmap

For Information

Website: https://galaxy-esolutions.com/
ANN: https://bitcointalk.org/index.php?topic=2715023.0
Whitepaper: http://whitepaper.galaxy-esolutions.com/GES_Business_Deck_Full_Version_EN.pdf
Facebook: https://www.facebook.com/GalaxyeSolutions/
Twitter: https://twitter.com/Galaxye_eSol
Medium: https://medium.com/@GalaxyeSolution
Telegram: https://t.me/gesico

Author by: thiokoentjoan123

https://bitcointalk.org/index.php?action=profile;u=1091812