We are thrilled to announce that our Co-Founder & COO, Sukhi Jutla, made the ’20 Most Influential Female Founders’ list by Startups Magazine.
The list was only published in the print issue n°15 of the magazine, which you can read here.
Check out the other inspiring women on the list!
2020 has been the perfect storm for cryptocurrency. Large amounts of government stimulus, unprecedented action from central banks around the world and decentralised finance (DeFi) have made digital currencies this year’s best-performing asset. So what’s the deal with DeFi? And is Bitcoin still king?
Finder asked 30 panellists for their expert opinions and MarketOrders is one of them.
MarketOrders has recently released a White Paper announcing technology plans that will disrupt the jewellery industry and bring innovation to outdated processes. Here is why, and how…
The jewellery industry has existed for hundreds of years; why does MarketOrders believe now is the time for it to change?
Traditionally the jewellery industry relies on direct contact between craftsmen and merchants, but these practices are outdated in the modern world where consumers want their products as soon as possible and for the best price possible. In the current digital climate, industries must embrace new technologies and digital transformations to keep up with demand and developments. The jewellery industry will be left behind if it doesn’t listen to and meet the demands of its customers.
The jewellery supply chain is fragmented and opaque, and it’s difficult to authenticate the provenance of products. MarketOrders will digitise every aspect of the jewellery supply chain to create a seamless end- to-end chain of digital transactions, in which products can be traced back to their source. This will significantly enhance trust and transparency with manufacturers, suppliers, and retailers alike, as well as meeting the consumer demand for traceable ethics.
Why is MarketOrders using blockchain to revolutionise the jewellery industry?
Embracing the power of blockchain will put the control back into the hands of retailers by authenticating the provenance of their products and making the end-to-end sales and supply process more transparent, efficient and profitable. Blockchain technology can also be used to significantly reduce the cost of international and cross-border payments, verify trade finance invoicing, and run digital checks on customers.
You say the jewellery industry is reticent to join the tech / digital revolution – why will they adopt blockchain when it seems more complicated?
MarketOrders acknowledges that any change can be difficult. The key to driving adoption is to show jewellers and suppliers the benefits and advantages of making the change. No one thought they needed email on their phone until they started to use it and now one of the main functions of a smartphone is to access and respond to emails, as opposed to its original use of making phone calls. MarketOrders is creating a mindset shift which is not impossible, especially when you can communicate the benefits, it just takes time.
How is MarketOrders ensuring ethical trading?
MarketOrders will only work with participants that can prove they have ethical practises.
Blockchain ledger will be used to store and view digital licenses and certificates to verify said ethical practises.
How is MarketOrders using blockchain to empower small independent retailers?
Cutting out the middleman will mean a potential loss of jobs. What does MarketOrders have to say about causing potential redundancies?
It’s not about job loss but creating better ways of doing business. It will free up time usually spent doing routine and monotonous work, which in turn will allow human capital to be used in better ways, such as creative work designing jewellery, or improving efficiency in the supply chain and improving the logistics infrastructure. Over time, using an increasing number of digital processes will free up time from mundane tasks for creative thinking and business strategy planning.
Blockchain technology will take away the in-store experiences that many independent retailers rely on. What does MarketOrders have to say about this negative effect on the high street?
This is incorrect as the blockchain process only impacts the supply chain, and in fact, it helps retailers to receive their products faster. With products taking less time to reach their stores, retailers can sell them faster to a consumer base that values ethically and sustainably sourced jewellery with traceable provenance.
We hope we’ve provided you with answers!
If you’d like more information about how MarketOrders is using blockchain and learn about some real-life case studies, download our White Paper here.
Wirex, in partnership with The Fintech Times, have officially announced the inspirational longlist of ‘Rising Women in Crypto’.
We’re very proud to have our COO & Co-Founder, Sukhi Jutla, selected for this list!
Check out the other inspiring women on the list here.
We are proud to announce that MarketOrders has won 2 more awards, this time by Corporate Today:
Corporate Today looks to recognize, acknowledge and reward people and organizations that have achieved the greatest of successes. Our awards reflect the most prominent business sectors that range from engineering consultants to financial advisers. They are open to a wide variety of businesses and industries that have demonstrated how they have become market leaders.
The winners are decided upon via votes gathered their network of established industry partners and their own Internal in-house research.
Each award nominee is carefully examined, with their judging panel taking into account their performance over the past 12 months, their commitment to innovation, their methods and even their competition to ensure that only the most deserving firms are handed one of their trophies.
And, when all winners have been decided and notified, they also work closely with them to promote their win throughout their industry and beyond and making sure they enjoy maximum exposure and really benefit from their success.
Corp Today is the Best Business Magazine in the world for enterprises, being a platform, it focuses distinctively on emerging as well as leading fastest growing companies, their confrontational style of doing business and way of delivering effective and collaborative solutions to strengthen market share.
Learn more about Corporate Today here.
With Financial Technologies being now part of our day to day lives, what will be the future of traditional banking?
Check out MarketOrders’ comments in E-Crypto News article ‘What Will Banking Look Like In 10 Years? (Exclusive Interviews)’ here.
MarketOrders has recently released a White Paper exploring the use of blockchain technology within the gold & diamond jewellery industry.
The paper also explains MarketOrders technology plans, including the implementation of blockchain and the use of a token, the MOT token.
If you’d like to stay up to date with the MOT token and know about potential early-stage investment, sign up here.
Here is everything you need to know about it:
What is the MOT Token?
MOT is the MarketOrders Platform’s token. This token will be hosted on a blockchain that allows us to operate, currently Ethereum.
How can I get MOT Token?
Via MarketOrders.io.
Subscribe to our newsletter and follow us on social media to stay up to date with our token sale.
How does it work and what can I use the MOT Token for?
The MOT token will have several uses, such as a payment, discount and additional benefits to MOT token holders. Those functionalities will be announced when they are ready.
When will the MOT Token wallet be available?
MOT Token is an ERC20 Ethereum token and can be stored on any wallet able to hold ERC20 tokens.
What gas limit is required to transfer MOT Token?
MOT tokens are built on the Ethereum blockchain, therefore, gas costs are set by the Ethereum blockchain.
What are your MOT Token price predictions?
MOT Token is a utility token; thus, no price predictions can be made. Its value is based purely on its use cases and distribution.
How are you planning to increase MOT Token liquidity, adoption, demand and price?
At first, with nothing but reputation and a beta of our product, we will increase MOT liquidity, adoption and brand awareness by adding more and more use cases for MOT Token on the platform to create an organic demand.
Participants on the platform will be encouraged to accept MOT as a payment or loyalty method, providing external markets and additional liquidity for the asset. With every new participant accepting MOT Token, its market potential, demand, awareness and adoption will improve dramatically. It’s not just an asset, but the fuel for a whole new economy.
Is MOT Token planning to expand into new markets?
We are carefully watching various new markets and cryptocurrency regulations emerging around the world.
What happens when MOT Tokens are lost?
When a user loses his wallet, it has the effect of removing money out of circulation. Lost MOT Tokens still remain on the blockchain just like any other cryptocurrencies. However, lost MOT Tokens remain dormant forever because there is no way for anybody to find the private key(s) that would allow them to be spent again.
If you’d like more information about the MOT token and potential early-stage investment opportunities, register here.
MarketOrders COO & Co-Founder, Sukhi Jutla, is shortlisted for the European Women in Finance Award!
Markets Media Group and Best Execution Magazine present the inaugural European Women in Finance Awards. Following the model of Markets Media’s very successful Women in Finance Awards programs in New York and Hong Kong, the European event will recognise and celebrate leading women in all corners of the financial industry.
See the list of nominees here.
“MarketOrders, the leader in global gold and jewelry business deals with unique issues that have received little attention from those who could bring the industry into the 21st century”, wrote Christopher Hamman, journalist at E-Crypto News.
He asked our team 10 questions about the jewellery industry and how technology can improve outdated processes, thus bringing more transparency, speed and trust.
The most common misconception of being a great leader is of the person who stands at the front of the business shouting orders to the hundreds of staff. But this is not what great leadership is.
Great leaders encourage, motivate, and empower their staff to keep moving ahead whilst they stand at the back. They can see what is going on and act as a mentor and guide to the rest of the company.
Some people have facilities to lead, but it doesn’t mean that you can’t learn it.
MarketOrders CEO, Ram Krishnna Rao, wrote an article for Morning Lazziness titled ‘5 Tips To Become A Great Leader’.
