What is Monetha? What does it offer? How it works

E-commerce worldwide sales will increase to $4.058 trillion by 2020. And according to Statista, the number of people buying goods/services online will increase to 2 billion in 2020.

What is Monehta?

To understand Monetha and what it has to offer, we need to have a look at the current issues that a merchant faces in e-commerce:
1- Trust and reputation: Building trust is difficult, and it is governed centrally by big marketplaces.
2- Payment process: many different steps to settle a transaction including lots of exchange fees.
3- No reliable and scalable system to depend on while implementing an e-commerce solution. Like the platform offered by Ethereum.

What does it offer?

1- Global/Transferable trust and reputation system: All the transactions details will be recorded on the blockchain to ensure trust, while sensitive data is hashed and only available to authorized users.

2- Making payments with only​ 1 step and 1 fee, ​which will leverage accepting payments on average 5 times cheaper and up to 10000 times faster for merchants.

3- Enabling merchants to have a scalable digital asset economy: by reaching the growing digital asset economy through Monetha's payment solution.

How it works?

Client makes a purchase:

Client files a claim:

The merchant responds to a claim, finds a solution together with the client and provides resolution details:

Client confirms resolution:

Important to know

Monetha tokens will be distributed to investors during the crowdsale. The tokens are a digital asset, bearing value based on their underlying assets, properties and/or associated rights. Monetha revenue will go to Monetha token holders.

Budget:

Images sourced from 1,2, and the rest are from the official site.

The purpose of these reviews is to give a brief and comprehensive idea about the project, so the reader can take the decision of whether to participate or not. I hope you liked this review, let me know your thoughts in the comments below.