Plaza Sets To Integrate Commerce With Blockchain - Utility That Calls For Mainstream Adoption.

It is important we make a good reference to what Blockchain entails whenever we tend to talk about cryptocurrency. For most of who are fully aware of the concept, it may appear wearisome. But for a rookie, it is necessary. Blockchain is known for its decentralised, scalable, trustless and secure nature, hence the fast adoption. See here for more knowledge about Blockchain.

Plaza System And Blockchain Technology

Commerce is as old as the world itself. In fact, it is the path to human survival. From the era of primitiveness (Trade by Barter) to the modern epoch, buying and selling has transformed from the rudiment way to an evolved systems as seen in e-commerce of today. However, innovations happen as a response to quest for solution to numerous problems of an existing inventions. Barely can a minute pass without the art of buying and selling taking place. So solving problems associated with commerce equates an innovator to a legend.

Plaza System

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Lifestyle in the commercial atmosphere is simply acts of buying and selling between two parties. E-commerce connects parties in the chain of Trade without having to establish physical contact. Even at that, e-commerce comprises several factors that contend with its growth. Plaza System is an entity or rather a company that tends to infuse Blockchain technology with human commercial lifestyle by exploring the benefits of blockchain to solve inherent problems of e-commerce.

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Plaza Ecosystem And Attributes

Reliability

Plaza systems provides a platform for businesses, merchants, buyers and sellers to achieve utmost satisfaction in commercial dealings through the MerchantChain. Plaza systems MerchantChain is likened to a Total bcommerce (Blockckain Commerce) that provides the superlative form of scalable, fast, secure, sustainable and future-reference distributed ledger system for Trade. It is an interface for businesses to build decentralised applications. As a seller, you can request to build and deploy your creativity presented in an application on the MerchanChain giving you control over your data. It simultaneously provides a trustless environment between all parties to transaction (as transactions are visible to everyone) and safe through an enhanced security system inculcated in the blockchain. To infix trust and confidence in the system, it is mandatory that all parties possess the AURA Security Socket Layer (SSL) Certificate to prevent fraudulent acts.

Security

The MerchanChain as a layer in the ecosystem exposes online commercial activities to blockchain benefits. It provides an open future-proof recordability of all trade history through its immutable distributed ledger system. On the merchantchain, it is quite impossible for a party to make alteration to record since all network miners connected by nodes on the chain have same records in their ledger, so it will be quite impossible for a perpetrator to access all simultaneously hence the highly secured technology.

Business Model Summary

The focal point of the Plaza business model is architected towards elimination of inherent drawbacks of modern e-commerce thus: "complete elimination of middlemen such as ther credit card companies", minimization of operational cost and arbitrary market fee and commissions. It aims to significantly lower running/operational cost for both buyers and sellers resulting in good economical environment (affordable and cheaper products).

It aims to generate revenue from referral system - income from sellers and other business sites being an e-commerce search engine. Generated revenue will be channeled towards maintaining the platform, administration and improve security. Also, a part is reserved for payment of miners maintaining each MerchantChain Ledger (i.e block producers.)

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MerchantChain Transaction Coin (MTC)

One of the interesting part of this project is the use of a special coin designed to suit Merchants needs. A merchant can decide to have a customised token for his products which will be issued subsequent to query through a smart contract. Sellers are allowed to mint their tokens on the MerchantChain which is tied to real value and can only be spent not holding.

Plaza Team

With the amazing ideology that gave rise to Plaze System, it obviously a result of deep thoughts and complementary efforts of people who we consciously want to sure of their identities. Let's see the brains behind the bcommerce technology. From the Plaza Site, it appears the projects have more hands, but in this article, i'll focus on few of the CoreTeam members.

Kevin Johnson Telegram link - LinkedIn https://plaza.systems/images/icons/square-linkedin-icon.png

CEO & Chief Architect

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He grew up as a Silicon Valley Nerd and during his early days, he was beheld a prototype of a typical “tech geek” as he received grants from HP who also designed the first IT admin system for his school. Kevin successfully founded his own California -wide Internet Service Provider (ISP) in 199.

Kelvin has a 25 years expertise as a serial entrepreneur. He has being at the cutting-edge of many technology developments and growth revolutions. He earlier has been embracing the proliferation in the evolution of the DotCom, e-commerce and afterwards as a disruptive innovator of blockchain technology.

Tracey Allan Powel Telegram link - LinkedIn https://plaza.systems/images/icons/square-linkedin-icon.png

Interim Chief Operating Officer

Total bCommerce developer Plaza Systems has engaged veteran banking operations professional and in-demand consultant Tracey Allan Powell as Interim COO & Operations Advisor.

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He has been with JPMorgan Chase and Co for total period of 9 years in San Antonio as: Business Analysis Group Manager and first VP for the period of 2008 to 2012, Executive Director and program Manager for period 2012 to 2015 and Ex. Director and a Senior Product Manager from 2015 to 2017. He was also the first Vice President, Business Systems support manager of the washington Mutual Saving Bank in Seattle elevated from lower position.

Ronald Aai LinkedIn https://plaza.systems/images/icons/square-linkedin-icon.png

Technology Director

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Ronald is a Blockchain technology advisor for ICO. He is also a serial entrepreneur in the "new world industry" for the past twenty five years. He Founded and ws the CTO of Max Interactive Technologies Ltd from July 2004 to November 2014 in Shenzhen, Guangdong, China.

He has succeeded in building various internet businesses in the early stage of his career. He develops new technologies for social media, payment, mobile phones, telco systems, mobile wallets, IOT solutions and blockchain technology. See profile for details of his past experience.

David Gillbanks Telegram link - LinkedIn https://plaza.systems/images/icons/square-linkedin-icon.png

Chief Communication Officer

David is a Public relation and communication expert. In 1997, he began his career in the Lion City as Marketing Communications Executive by the Human Resources Institute of Singapore. He later got engaged as editor to a real estate investment magazine and then he later co-founded a magazine publishing business. As an accomplished online communications & web content manager, he supervised the development of a website that won an international award. He also was absorbed as a communications team lauded for its responses to humanitarian disasters and industry crises.

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David is currently a Writer for the www.NewMedia.pro since November 2010 to date. His foundation rests in publishing and corporate & marketing communications in the lifestyle, property, travel & tourism, not-for-profit, and economic development sectors.

For more Information about the team, see here

Token sales Information

Plaza System will have a utility token called "PLAZA". The system of total supply will be based upon amount of Token sold on reaching the Hard Cap. See token information below fig. 1.6

Token Symbol	PLAZA
Algorithm	ERC20 compatible
Total Supply	Amount sold on reaching hard Cap
HardCap	100,000 ETH
Payment Method	ETH
Price: 1 ETH	5,000 PLAZA
Minimum Purchase	0.25ETH
Pre-sale began March 15, 2018	Until september 12, 2018.
Main Sale began October 4, 2018	Until November 15, 2018.
Token Mining	False.
Token Transferability	Until ICO ended.
When hard Cap is reached or scheduled date	ICO ends.
Scheduled end date	November 11, 2018.

Click to BUY PLAZA TOKEN

Proceeds from Token Sales is budgeted as in image below

To find out more about Plaza Systems or Token, check with the following Plaza communities

Telegram Discussion Group	Telegram Channel
Business Discussion Group	Reddit
Github	Medium
Flipboard	LinkedIn
Facebook	Twitter
YouTube	BitcoinTalk
Email	WhitePaper

Website

@Bob-elr