Demblock (Dbto1)

What is Demblock

The DemBlock marketplace is intended to grow as a comprehensive and sophisticated global trade DemBlock marketplace which offers corporate and sourcing verifications for sellers on the blockchain, thus enabling them to offer far more credible, efficient, flexible, cost-effective, scalable and trustworthy sourcing solutions for their customers.

Offering more credible, efficient, flexible, cost-effective, scalable and trustworthy sourcing solutions for customers on the DemBlock marketplace means enabling suppliers to publish immutable corporate and sourcing data which is then notarized as decentralized information on the blockchain. Every alteration of corporate and sourcing data will be visible on the blockchain.

The above-mentioned features were technically not possible prior the emergence of the blockchain technology.

The current marketplaces offer text and picture uploading technologies which are in part older more than 25 years. These technologies allow it to change online text and pictures without an immutable and visible trace of the alternation of a particular data and without any possibility to estimate how long a particular data has been online prior a change has been made. By utilizing blockchain technology the reliability and reputation of suppliers can be verified and monitored by analyzing the historic records in the blockchain.

Application of the blockchain technology in the global trade will enable all participants to get access to auditable data that has been verified, time-stamped and immutable.

Having assessed these issues, we eventually came to the understanding that these negative aspects of online accessible corporate data only can be overcome with the blockchain based technology integration into the traditional product listing marketplace. The blockchain technology seems the most appropriate, due to the fact that it is incorruptible, encrypted and trackable. The innovation we have made for product listing marketplace by offering blockchain based corporate and sourcing verification sets us apart from the competition.

Reaching escape velocity with product listing marketplaces is only possible if innovation within the product is so unique that it makes the use of it an experience not available in that exact form on other similar online marketplaces. At the moment the unique blockchain based corporate and sourcing verification combined with classic product listing features on our marketplace has no competition.

We see the fact that we already have developed the core aspect of our ecosystem - our DemBlock marketplace - prior the token generation event as a proof that we as a team are able to finance and to code the launch of a fully functional MVP in-house. We are launching this token generation event – among others - in order to further develop additional features for our marketplace and to penetrate a sizeable share of the global product listing market.

The DemBlock marketplace is an already fully functioning and working marketplace with the possibility to offer notarized supplier data on the blockchain.