INS Ecosystem is considered a scalable decentralized platform, and all exchanges are supported with the use of blockchain and smart contracts. These methods of exchange help consumers to directly get what they need from grocery manufacturers in a way that convenience stores and chain retailers cannot offer at such a low price. They want to reduce the prices for consumers with their efforts, which is demonstrated in their ability to raise over $41 million in December 2017.
About INS Ecosystem
INS is a decentralized ecosystem that facilitates the order fulfillment process and allows manufacturers to join it, publish their products for sale, carry out promotion and loyalty campaigns, and get feedback from consumers, enables consumers to order those products and vote for new products and manufacturers. The INS ecosystem has been validated by consumer interest and has received strong support from manufacturers.
At the INS Platform, every manufacturer controls product pricing and listing. The Platform aggregates all orders and sends requests to manufacturers who deliver products to smart distribution centers. Professional pickers at distribution centers collect orders and pass them to couriers. Couriers deliver orders to customers.
The main role of the INS is to develop the open source technology required for running the decentralized ecosystem and create a successful model to incentivize all participants.
The INS token is the only means of exchange for handling feature-rich & consumer-oriented marketing, bonus and discount campaigns within the INS ecosystem, and also serve as one of the currencies for buying and selling products.
This project will disrupt the existing grocery retail industry and become a new standard driving accelerated adoption and massive usage of the INS token.
How the INS ecosystem works
1. Through INS, consumers will buy grocery goods directly from manufacturers, saving up to 30% on purchases. Manufacturers will be able to offer easily customizable promotion and loyalty programs, and receive direct feedback from consumers.
2. INS tokens facilitate transactions – Ecosystem participants will use the INS token to transact, eliminating costly retail chains, reducing prices, enhancing security and privacy, and greatly improving user experience.
3. How INS will make money – The revenues of the INS Foundation will come from the following 2 sources: (1) a small transaction fee as a reward for maintenance of the INS own blockchain and creating smart contracts, and (2) a distribution center fee in the cities where the INS Foundation will establish the physical infrastructure (we plan to put distributions centers into operation on our own in the first 10 cities and then search for independent distribution center operators to expand the ecosystem in other cities).
5 Key Problems
1. With a help of blockchain technology the INS team wants to solve 5 key problems of current consumer goods market.
2. Overpricing. INS project will have a positive impact in the lives of people across the world, given that groceries account for up to 50% of a consumer’s wallet.
3. Retailers’ monopoly. Manufacturers struggling to get direct access to consumers, as the former cannot break through on store shelves in retail stores, while having excellent products that would have received a strong demand from consumers.
4. Extended supply chain. Supply chain in grocery retail is obsolete. Wholesalers and retailers developed in the second half of 19th century should be replaced with technology in the 21st century.
Choice limits. Consumers and manufacturers deserve the free choice that is not influenced by retailers and the way they conduct business.
5. Obsolete templates. Disrupting with blockchain is the paradigm shift. While the idea of disintermediating the retailers is not new, the advent of smart contracts and blockchain will help us make it a reality.
ROAD MAP
Our roadmap involves many different aspects, such as technology development, operational infrastructure installment, signing partnerships, and launching marketing initiatives. The preliminary roadmap is presented below. Dates and activities may be subject to change.
Below is the future development plan for the project:
Q1 2018: Development of the INS Platform
Q2 2018: Development of the INS consumer & fulfillment apps and interfaces
Q3 2018: Development of the supplier SDK
Q4 2018: Launch of the platform
2019 and beyond: Geographical expansion and growing the ecosystem
The Amazing Team
Co-founded by Peter Fedchenkov and Dmitry Zhulin, INS has a team of 35. The team has previously founded Instamart – the largest venture-backed online grocery delivery service in Russia with over $10M of VC funding.
The bios of the key members of the team are detailed below:
Peter Fedchenkov, Co-founder and CEO – CEO of Instamart, former Investment Manager of Baring Vostok Capital Partners, Investment Banking Analyst of Goldman Sachs, Harvard Business School MBA.
Dmitry Zhulin, Co-founder – Founder of Instamart, former Vice President of VTB Capital Private Equity, Associate of Rothschild.
Dmitry Khovratovich, Blockchain/Smart Contract Lead – led the crypto security and smart contracts team that previously developed smart contracts for several companies who successfully completed their ICOs.
Advisors of the project include Eyal Hertzog, Co-founder of Bancor, Michael Terpin, Founder of Transform PR and Chairman of BitAngels, Moe Levin, CEO of Keynote, David Wachsman, CEO of Wachsman PR, and Dr. Rawi Abdelal, Professor of Harvard Business School.
Opportunities
By cutting out the middleman, consumers who use the INS platform can derive real benefits from significant cost savings.
As groceries is an essential and recurring expense for most people, the potential of the project is huge. If the project is successful, INS can capture a lot of value in the large grocery industry, which is ripe for disruption.
Buying groceries online is a new thing and it is just starting to get competitive (Amazon Fresh, Instacart, etc.). INS can still be one of the first companies entering into the space in some cities.
The project has a strong team and advisors who can actually help the project to gain traction and build partnerships.
For more information about INS Ecosystem, please visit the following links:
Author: anisah fitri
Website: https://ins.world/
Whitepaper: https://ins.world/INS-ICO-Whitepaper.pdf
Blog: https://blog.ins.world/
Telegram: https://t.me/ins_ecosystem
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1870804
mytherwallet: 0xd683D30EF6322AaCe8BAf6CB7cb5a93853ac0B51
