According to Gartner Research’s Worldwide Blockchain Business Value Forecast, blockchain technology is expected to add over 3.1 trillion dollars in business value by 2030. That’s a significant boost to businesses already accelerating growth with tools like artificial intelligence, machine learning, and augmented analytics. As more companies discover the power of blockchain as a growth lever, expect to see increased demand for blockchain-enabled solutions for brand builders.
But what about the end user? How does blockchain technology benefit consumers? At Serve, we have developed a platform with added value for both enterprise companies and end users. There are numerous advantages for individuals considering integrating blockchain into their everyday lives, five of which we’ve outlined below.
Serve Benefits for End-Users
1) Blockchain technology can offer decreased costs to end users. Companies can engage the services of Serve providers for the shipment of goods, instead of using existing courier and delivery services. With fewer middlemen in decentralized transactions, there is the potential for reduced costs, the value of which can be passed on to the end user. With our Serve platform, the use of smart contracts allows us to process transactions with only minimal fees (up to 2.5%) and pass those savings on to Serve stakeholders.
2) Serve allows consumers to have access to multiple services. From on-demand shipment services for online purchases and package deliveries to ride-sharing and food deliveries, Serve allows end users to access on-demand transport options on an as-needed basis.
3) Serve also benefits consumers by allowing them to negotiate shipping costs. With the ability to negotiate shipment costs, end users will have control over how much they are willing to pay a service provider for their delivery.
4) Stakeholders using the Serve platform will also gain access to their favorite businesses. Via the Serve website and mobile app, consumers will be able to request services and place orders from their preferred vendors. Once an order is placed, service providers will fulfill and deliver the order according to the end user’s specifications.
5) End users connecting with companies on Serve also gain access to service providers who have built their reputation on exceeding consumer expectations. Instead of couriers not caring whether packages are stolen by porch pirates, service providers using the Serve platform to build their businesses earn reputations based upon the quality of care they take with their deliveries. A service provider must make sure their performance is ranked well by end users on the Serve platform.
These are just five of many benefits of Serve for consumers. By gaining access to the global network of service providers using the Serve platform, end users get to have their cake and eat it too (and control the delivery!). Not only are they able to save on shipment costs and choose their preferred provider, they can arrange delivery in a manner that works with their schedule. The future of shipping and logistics is rapidly changing thanks to blockchain technology. Serve is leading the way by creating a decentralized logistics interface connecting all parties. If you want a glimpse behind the curtain of blockchain-enabled transactions, we invite you to discover our Serve white paper. We know you’ll be impressed at what the future holds for shipping stakeholders.