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MarketOrders quoted by E-Crypto News on Bitcoin’s predictions

Could Bitcoin reach $20,000 by the end of the year? What is your prediction?

MarketOrders gave his opinion on the matter in E-Crypto News article ‘Will Bitcoin Prices Reach $20,000 In 2020?’.

Find out what we bet on and what other experts have to say here.

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MarketOrders writes for Finance Digest on blockchain within the supply chain

Of all the industries in the world, the jewellery business is one of the most traditional and old-fashioned. It is also the most reliant on direct interaction between master craftsmen and merchants. The most precious metals and stones in the world pass from hand to hand in a supply chain that has barely changed in hundreds of years.

Our Co-Founder & COO, Sukhi Jutla recently wrote an article for Finance Digest titled ‘How to create a more efficient, transparent and trusted supply chain for the gold jewellery industry using blockchain technology’.

In this article, Sukhi explains why now more than ever is the time for digital disruption, what is blockchain technology and how it could benefit the jewellery industry.

Read the article here.

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MarketOrders quoted by We Live To Build on investment

Finding the right investors for your startup isn’t easy. At MarketOrders, we’re lucky enough to have got 191 of them through our successful crowdfunding.

However, before considering crowdfunding, MarketOrders co-founders looked at traditional ways of raising funds and came across some not so well-mannered individuals. In We Live To Build article ‘Entrepreneurs share their investor horror stories’, our COO & co-founder Sukhi shared her anecdote:

“When a potential investor started to become rude and patronising towards me I knew they would be a bad fit.
Their actions did not align with my values and their focus was more on how much money they would get for “advising or investing“ in us rather than focusing on building a great business.
They didn’t share my vision for the business and took a short term approach rather than long term view on what we could build together.
We had to turn them down, which was quite hard as at that time we really needed funds to move forward with the business.
We instead decided to go for a crowdfunding campaign and I’ll never regret it as we raised even more funds than we planned to.”

Read other entrepreneurs’ stories here.

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MarketOrders News

Why the jewellery industry needs digitalisation, now more than ever

With the UK undergoing a second lockdown, having an online presence seems to have moved from being an option to becoming a necessity. MarketOrders believes that retailers on the high street will only be able to thrive if they embrace new technologies and digital processes. The startup aims to provide them with solutions enabling efficient stock management, sales predictions, fast & transparent cross border payments, and seamless communication with customers. 

Sukhi Jutla, co-founder and COO of MarketOrders, said: “As recent months have shown, it’s important more than ever to have an online presence and we found that 90% of retailers in the industry currently don’t have that in place.

“Of all industries in the world, the jewellery business is one of the most traditional and the most reliant on direct interaction between master craftsmen and merchants. These outdated processes lack transparency in an age where consumers demand products to be sustainably and ethically sourced. Embracing the power of blockchain will put the control back into the hands of the retailers by proving provenance of the products and making the end-to-end sales and supply processes more transparent, efficient and profitable.

The blockchain technology enables independent jewellery retailers to source products quickly and cost-effectively directly from global manufacturers – slashing the current time it takes to get products delivered from weeks and months to days.

The solution will digitalise all aspects of the supply chain from the mines of origin for gold, metals and stones to manufacturing and shipping to the end consumer; creating a digital footprint easily recorded, visible and trackable in real-time.

The news of the launch comes after MarketOrders overfunded on Crowdcube, raising over £430,000 on with plans to modernise the antiquated jewellery buying process and elevate it to become more transparent and profitable.

Outlining how the end to end solution will benefit the industry, 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. Though the two years of research were conducted before the pandemic hit, the White Paper seems more relevant than ever. 

With this paper, MarketOrders is aiming to boost disruption in its industry and highlight its technology development plans. The startup believes that if the industry doesn’t adapt to consumers’ changing demands, they risk being left behind. According to MarketOrders, blockchain technology is one of the answers.

Sukhi Jutla added: “We’re thrilled to introduce the technology to the industry to help time-poor retailers overcome challenges such as trust and cost implications in the supply chain. We are passionate about supporting independent retail jewellers and believe blockchain technology will revolutionise the sector and further empower smaller retailers.”

The 60-page document details what challenges the jewellery sector is facing, how it could benefit from blockchain technology and why it should embrace it now more than ever. It also describes MarketOrders’ plans and implementation of the technology into its own marketplace.

Ram Krishnna Rao, co-founder and CEO of MarketOrders, said: “The fact that no one ever has the ability to go back and change or tamper with the data makes blockchain particularly useful for the retail supply chain for physical products. This allows you to see the full history or journey of the data or product in question. It also makes global transactions borderless with the use of cryptocurrency as a mean of payment; faster by using digital contracts called ‘smart contract’; and cheaper by cutting off middlemen.”

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.

Sukhi Jutla concluded: “Our core values of bringing the highest levels of trust, transparency and integrity to jewellery retailers also aligns with the core components of blockchain technology. 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.

The research document is currently available to download for free at https://marketorders.io.

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MarketOrders News Press Coverage

MarketOrders wins the TechWomen100 Award!

We’re proud to announce that MarketOrders COO & Co-Founder, Sukhi Jutla, has won the TechWomen100 Award!

Thank you all!

We’d like to thank all the people who took the time to vote for us online! We wouldn’t have won without you and it shows once again the amazing community and supporters we’ve got other the years. THANK YOU!

Congratulations to all the incredible women who won along Sukhi!

About the awards

The winners of these awards showcase remarkable women within the technology sector covering a wide range of roles such as Quantitative Analyst, Data Scientist, Analytical Measurement Technologies Engineer, Prototyping Engineer and Assistant Professor.

The winners also include individuals from leading firms such as Adobe, Bank of England, BBC, IBM, Jaguar Land Rover, KPMG, Microsoft, Monzo Bank, Trainline, Visa and many more.

Alongside the individual TechWomen100 category, we are also pleased to announce the winners of the TechWomen100 Champions, Company of the Year, Network of the Year, Editor’s Choice and for the first time our Global Award for Achievement winners.

Find out more!

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Press Coverage

MarketOrders quoted by Enterprise League

A good leader should never be short on employee appreciation ideas that inspire a positive atmosphere at the workplace. Sometimes, it’s not even about spending money on lavish gifts. In fact, in such cases the employee satisfaction is only bought, and you can bet that it’ll be short lived.

Our COO, Sukhi Jutla, gave her tip to show her employees appreciation: “At the end of the year, we hold an impromptu internal awards ceremony for the team and award each team member a small gift in recognition of something amazing they did. This could be from closing a deal to showing kindness to a fellow teammate when needed, or putting a smile on everyone’s face by telling the best jokes! 

It’s our way to show our employees that no matter their position and missions, we acknowledge them, support them and are proud of them. One’s success is everybody’s success as we work as a team. It’s important for us to shine a light on each and every one of our employees!”

Learn more tips by reading the article here.

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MarketOrders quoted in CEO Blog Nation article

Often entrepreneurs and business owners create their daily, weekly, quarterly, or yearly goals around their business. It could be more revenue, hiring clients, or launching a new product or service, where setting goals presents a fresh opportunity to achieve different objectives.

Our CEO, Ram Krishnna Rao, was asked about the key quality every entrepreneur should have to smash their goals. Here is what he said: “As an entrepreneur, being resourceful is the key! Being pro-active, learning new skills, and trying things out is essential to your growth and progress and will help you smash your goals! Your job is to find solutions to problems you usually have never encountered and have no experience dealing with, which is why being resourceful is a real strength.”

Read the article here!

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MarketOrders News Press Coverage

MarketOrders shortlisted for the TechWomen100 Award

We are proud to announce that our Co-Founder & COO, Sukhi Jutla, has been shortlisted for the TechWomen100 Award!

The public vote of support is now open for our 200 individual shortlist nominees. Votes can be cast by clicking on the individual you would like to vote for.

Congratulations to all of our shortlisted nominees and best of luck in the next round of judging.

We need your VOTE!
Support Sukhi, vote here!

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Press Coverage

MarketOrders interviewed by Coinstituency

“MarketOrders, an online retail marketplace for jewelries of various categories is one of the frontrunners in blockchain implementation for purposes of supply chain management.”, wrote Iyke Aru, journalist at Coinstituency.

MarketOrders was recently interviewed by Coinstituency on blockchain implementation and the benefits it can bring to the jewellery industry and its supply chain processes.

Read the article now!

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MarketOrders interviewed by She Can She Did podcast

MarketOrders COO, Sukhi Jutla, was recently interviewed by the She Can She Did podcast.

“From how she’s learnt en route how to block out unsolicited advice and trust her own judgement when it comes to decision making, why she opted to sell her handbag collection to save money in the early days; to why Ben & Jerry’s came in handy when she realised that she needed to walk away from £250k; to this is Sukhi’s story so far!”, says the description of the episode discussing Sukhi’s journey to becoming an entrepreneur.

Listen now!