KartBlock is an ecosystem combining an e-commerce platform, digital wallet, and tokenized reward mechanism. A simple yet powerful idea behind this ecosystem is directly rewarding the customers/users for their valuable contribution to the KartBlock platform, without the need for any middlemen. Kartblock is the provider of underlying blockchain technology to an established online merchant, as KartBlock’s platform supports a front end e-commerce platform known as 27Avenue. KartBlock is the back-end ecosystem integrated with blockchain that supports the functioning of 27Avenue. The back end of the KartBlock ecosystem is a hybrid technology platform which is divided into two parts: a decentralized layer and centralized layer.
Users can buy merchandise from the 27Avenue store using KBT and other tokens from other KartBlock collaborators. Payments will be processed by KartBlock. The vendors on the 27Avenue platform will be settled in tokens. Because the payments are processed on a blockchain, they are stored in a decentralized, secured platform where payments would be processed quick and seamlessly. The goal is for KartBlock to eventually set up an exchange where KBT tokens can be used more widely.
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