Distributed E-commerce Network Project BitCherry was invited to attend the Hanoi Innovation Summit in Vietnam to actively build the Community in Vietnam

From 29 August to 30 August 2019, the two-day Hanoi Innovation Summit 2019 was held at the Hanoi National Convention Center in Hanoi, Vietnam. In recent years, the Vietnamese government has been actively keeping in touch with Blockchain technology, which has rendered Vietnam a good environment to develop Blockchain technology and applications, and thus Vietnam gained an opportunity to become one of the Blockchain Innovation Centers in Southeast Asia in the coming years. The summit, sponsored by Vietnam’s Ministry of Planning and Investment, and co-sponsored by SCHOOLAB, STARTUP SESAME, had one topic of Emerging Economies and focused on six themes

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Distributed E-Commerce: A New Commercial Civilization

bitcherry officialIn recent years, during the “Double 11” and “618” shopping carnivals, Taobao, Tmall and JD transaction volumes have rocketed. Especially in 2018, the commodities turnover for the major e-commerce platforms increased rapidly through “618” e-commerce promotion. While centralized e-commerce has created beautiful transcripts, other e-commerce platforms find it difficult to obtain user flow while their customer acquisition costs remain high and consumer rights cannot be well protected. This create a sharp contrast between “prosperity and decline”. As a matter of fact, the centralized e-commerce is prominent in the current pain point, and its difficulty to obtain potential developments. On the

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