QuarkChain, a permissionless blockchain with a highly secure, decentralized, and efficient underlying architecture, today announced a new strategic partnership with Vera, an open protocol that enables the peer-to-peer exchange of physical assets on the blockchain.
Going forward, Quarkchain will work with Vera to create a more efficient, scalable, and decentralized platform. Vera provides the infrastructure for anyone to build decentralized P2P retail or marketplace applications to sell products and monetize their brand.
Quarkchain will provide distributed ledger technology solutions for Vera. Boson consensus, exclusively developed by QuarkChain, enables every shard to have different consensus algorithms, ledger models, transaction models, and token economics. Relying on the high-performance cross-shard transactions, all assets on the shards can be interoperable.
Vera is building an omnichannel blockchain-powered P2P commerce ecosystem that allows consumers to buy products from any direct sales channel without intermediaries. With no middlemen fees, businesses can guarantee exceptionally competitive pricing.
Using NFC smart tags technology, sellers and brands can also guarantee consumers authentic products, reviews, and mobile experiences that are engaging, informative, and relevant to the consumer anywhere, from the retail shelf to the consumer’s home.
QuarkChain and Vera will also collaborate deeply in technical research and exploration for applications. QuarkChain will leverage its sharding technology to enable Vera to achieve a decentralized, transparent business platform. At the same time, Vera will leverage its P2P commercial ecosystem expertise to provide QuarkChain with promising examples of blockchain landing applications.
The current e-commerce market, because of the efficiency and credibility risks, channels and intermediaries earn value through risk-taking. Efficient access to merchants and consumers, and providing genuine products is still the most basic work of e-commerce today. Blockchain’s high credibility provides a guarantee for this. Eliminating intermediary costs while ensuring efficiency would benefit both buyers and sellers, which is a key element in driving the partnership between QuarkChain and Vera.