TI Rating Report：Splyt Core
Splyt Core provides the NFT infrastructure to the e-commerce supply chain. Splyt Coreplays as the blockchain-based inventory system for e-commerce platforms and also thetrading through eNFT technology. Splyt Core was first built on the Ethereum network andwill migrate to Polkadot disclosed in the future plan.
The ‘e’ stands for e-commerce. NFT means non-fungible token. Each product uploadedinto the inventory by the retailer corresponds to a new eNFT, which is the proof ofauthenticity of the items for selling. And it becomes available on various market platforms.The ownership of the associated eNFT of the item transfers with the sale of the products.The data, transaction history, and other information about the item will be stored in itseNFT.
Splyt offers a Plug and Play option. E-commerce projects can plug in the Splyt SDK intotheir existing platform, or create a new market on the Splyt Core platform directly.Blockchain inventory system and eNFT help to synchronize inventory in time, avoid double-sell, multi-platform sales, and record product information to avoid counterfeit products
In the early stage of the project, Splyt Core foundation will guide the market transactionprocess. Buyers and sellers can raise disputes over the transaction through staking tokens,and a third-party arbitrator will participate in resolving the dispute and obtain part of thestaking tokens as a reward.
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