‘MarketOrders launches blockchain to prevent gold and jewellery fraud’, is the title of another article highlighting MarketOrders White Paper, written by Fintech Global!
Year: 2020
MarketOrders has caught the eye of the jewellery industry following the release of its White Paper on August 5. This research paper has generated great interest from journalists and professionals and quality articles.
Professional Jeweller wrote a piece titled ‘Blockchain tech vows to rid independent jewellers of “outdated processes”’, describing how MarketOrders will use technology to combat industry fraud and increase delivery times for independent jewellers, thereby increasing their profits.
Read the article here.
MarketOrders White Paper is catching the media’s attention following its release on August 5.
The Cryptonomist dedicated an article to it, titled ‘Blockchain: innovation in the jewellery industry’.
Is your industry ready for a change? The decision on which industry one should venture in is often determined by factors such as advancement in technology and availability of capital. The prevailing trends may favor some industry while others prove to be more profitable over time.
Our CEO, Ram Krishnna Rao, was recently quoted in CEO Blog Nation article ’24 Entrepreneurs Reveal The Industries That Are Ripe For Disruption’.
He said: “Industries that traditionally have lower levels of transparency are now ripe for disruption with the use of innovative technologies. Some of these include supply chains, logistics, high-value goods such as art and jewellery as well as healthcare. Customers are increasingly conscious about what they buy and where it comes from. They are demanding more and more transparency and are products that are sustainably and ethically sourced.”
Read the article here.
Following the release of our White Paper, MarketOrders got coverage in Just Entrepreneurs. The article, titled ‘MarketOrders set to combat inefficiency and fraud in the Jewellery Industry’, explains the purpose of our White Paper and our ambition to boost innovation and transparency in the jewellery industry, using new technologies.
You can read the article here.
Download our White Paper here.
Following two years of research, MarketOrders has published a research paper exploring the use of blockchain technology to bring more transparency and trust to the supply chain in the jewellery industry.
Just as the emergence of the internet gave rise to many new ways of trading, researching, communicating, learning and more, which we could not have foretold, blockchain will be the next development to give rise to a new way of doing business, shopping as a consumer and even living. The scope is just as big, and the time to explore and implement it is now.
The gold and diamond jewellery industry is plagued by issues caused by fragmentation and also suffers greatly from the difficulties of authenticating jewellery and proving provenance. This whitepaper’s aim is to set out why we should look to develop blockchain technology to enable secure online payment and certification and explains how this will significantly enhance trust and transparency within the supply chain, driving further efficiency gains.
MarketOrders is harnessing the power of blockchain technology to revolutionise inefficient legacy supply-chain systems in the B2B jewellery industry. We aim to create a transparent, efficient ecosystem, that benefits all stakeholders in the raw materials and jewellery value chain, from source to end consumer.
In this WP, you’ll discover how MarketOrders tackles the three major problem areas small jewellery retailers are facing today: lack of transparency, high costs and lack of digital innovation. With the implementation of blockchain technology, coupled with industry expertise, there is the innate possibility to streamline processes while increasing and securing trust. This results in higher profit margins and healthy, growing small businesses that quickly and easily meet customers’ needs, providing them with the products they seek, with optimised lead times, and full transparency.
With this White Paper, MarketOrders aims to boost disruption in its industry and highlight its technology development plans.
In a hurry? Download our summary White Paper.
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Download our Press Release here.
Q&A and visuals are available here.
While making product development, many entrepreneurs get to worry about the product – whether it gets success in the market or not. And certainly, they become perplexed and forget a fact that “Success doesn’t lie in results but lies in the efforts.”
Our COO, Sukhi Jutla, was recently quoted in iFour Technolab article ‘WAYS TO MAKE PRODUCT DEVELOPMENT SUCCESSFUL WITH PROFESSIONAL OPINIONS’.
She said: “Break your product development into the smallest units/pieces and then only develop and launch one piece at a time. An iterative approach in this way allows you to stay agile, make quick changes where needed and most importantly, get a version of your product out to real-life customers and help them to co-create the product they want and need by asking for their feedback.
Otherwise, many startups can burn through a lot of capital, spending years developing something that never launches and when it does, is already stale and not what customers want anymore. Technology evolves very quickly as well as customers’ demands and expectations. Breaking down your development and involve your customers in the building process is essential as it keeps you in touch with the market in real-time, making it easier for you to adapt and/or pivot your product.”
Read the article here.
It’s happening now, and the handwriting is on the wall for banks who face potential extinction thanks to the emergence of financial technologies, or “fintech.”
Our COO, Sukhi Jutla, was recently quoted by Finance 101 in their article ‘6 ways fintech is changing banking for consumers’.
She said: “The rise of blockchain and digital payments could severely damage this income stream for banks as customers don’t want to pay more for something they can get cheaper or for free elsewhere;
Via convenience and faster turnaround times. Fintech is also increasingly using artificial intelligence and machine learning to help people with decisions when it comes to savings.
Consumers can now choose financial products like pensions and mortgages … much faster than they can with traditional banks; Fintech allows bank accounts to be opened in a matter of minutes compared to traditional banks which can still take up to several weeks to open basic banking accounts.
In addition, many banks still don’t have decent online banking services or still require that customers visit a branch for identification and verification purposes. With fintech, this all can be done at home with the use of facial recognition technology on your mobile phone.
Banks are no longer enjoying the immunity their reputations and size previously gave them.
The industry is no longer dominated by monopolies; instead, fintech has produced new competitors that enable banking consumers, for the first time, to actively choose banks on their terms.
Simultaneously, banks are falling out of favor as they are unable to stay current with changing technologies such as blockchain, cryptocurrencies, and artificial intelligence wealth managers.”
Read the article here.