Chain business contract

According to a report by the World Economic Forum, by 2027, 10% of global GDP will be stored through blockchain technology. Several governments have published blockchain-related reports, and in the past two years alone, more than 500,000 blockchain publications have been published. Searching for blockchain on Google yields more than 3.7 million results. Even more notably, this area of technology is attracting significant investment. Venture capital investment in startups continues to climb, reaching $5 billion in 2022. Funds raised through ICOs, blockchain's unique fundraising channel, have soared past $10 billion. However, despite all kinds of publicity and hype, the real application of blockchain technology is very thin. The blockchain market has just begun to sprout, and there is no complete and clear business path. In this market context, with the concept of decentralization, the UFD chain business contract function opens the door to a new world for the commercial application of the blockchain.

The chain merchant contract is UFD's unique smart contract system in the BSC network. Global suppliers can quickly register the receiving address on the BSC chain in the UFD system, set the smart contract commission rate, and activate the chain business contract. Through these smart contracts, merchants register their receiving addresses under their trust stamp system, set the distribution ratio of contract commissions, and create their own blockchain consensus sales network in one step.

In the practical application of the UFD chain business contract, various sales promotions can be carried out. This is a high degree of integration of blockchain technology and daily life. Whether it is fast food or medical bills, we can create a unique chain business contract to complete a series of related payments. Similarly, suppliers can also acquire a large number of consumers through UFD's bidding advertising function, provide customers with more convenient services and experience, and quickly promote through the trust stamp network through simple commission settings. After combining other UFD functions, anyone can simply integrate their existing resources to complete consumption or sales.

Virtual products are also possible. Consumers can directly purchase and sell coupons and game items in UFD through the chain business contract. Regardless of the amount of consumption, each payment will be executed precisely in accordance with the contract; the supply-demand relationship and promotion methods are particularly clear. We will complete various types of capital circulation in a more efficient, flexible and convenient manner.

Large-scale shopping platforms can further develop and apply DOFI chain business contracts, and incorporate them into the payment system of the shopping platform. When the new user completes the registration, the corresponding chain business contract payment address will be generated. Compared with traditional shopping platforms, this is a very disruptive blockchain industry practice, because it transforms every new user into a marketing promotion force.

The chain merchant contract constitutes a value-sharing decentralized business model by embedding the interpersonal relationship under each BSCID system. Any merchant can mobilize the promotion enthusiasm of each BSCID by relying on the trust relationship established in the blockchain by setting the commission distribution settings for the smart contract in a decentralized manner. BSCIDs share the sales commissions obtained from the goods or services, helping merchants to obtain a steady stream of customers and promote the sales of goods or services. High-quality products will receive greater promotion and increase product sales, which will also subvert the existing centralized business thinking. Each BSCID will establish its own business ecosystem through UFD, redrawing the blueprint of the global business empire with decentralized thinking。