Made in BRICS. B4B Marketplace & Social Blockchain
BRICS countries face a challenge of technological and intellectual leadership in continuously complicated political and business environment. New sanctions introduced every day, problems with international settlements and logistics, attempts to limit access to advanced technologies create barriers for economic and technological growth and increase business costs. It is crucially important for BRICS business entities to cooperate with each other, cut costs, quickly find new reliable partners in joint projects and empower each other in their effort to innovate and grow. Also, it’s important that such cooperation is not slowed down and limited by bulky hierarchical management structures, which are especially slow and inefficient in multicultural, multi-time zone and truly global environment. These challenges are successfully solved when businesses find partners, register deals and settle arguments in a nature-like decentralized environment managed by protocols. Reliability of a business partner is 100% transparent and visible in blockchain record of his deals. Any dispute is solved in 72 hours inside the system, no legal expenses involved. Fraudulent participants are blocked at once. These are the major features of the B4B marketplace “Made in BRICS” based on social solidarity blockchain SolidWord. In our marketplace one can choose a business partner using reliability score which is calculated as percentage of deals closed without claims in total amount of deals registered by this person on “Made in BRICS”. The numbers are stored on a blockchain and can not be anyhow modified, no matter how much funds a business is eager to spend on marketing and ratings improvement. Search by type of technological processes is also available, which is especially important for innovative products, when one is creating a new thing and can rather find a subcontractor who performes a specific process (i.e., electroplating, extrusion molding, etc.) than a unit name, as such unit has never been produced before. If an argument between a deal parties happens, they can settle it in 72 hours with their peacemakers – respected business partners of both parties, who agree to work out acceptable solution with each other. This process does not require any extra legal costs or spending months in courts, while its efficiency has been proved historically in two independent periods and locations. A web-based interface of “Made in BRICS” is accessible to any person who registers in system by putting in his e-mail address and phone number. After confirming two peacemakers in the SolidWord system, one can start registering his deals and finding subcontractors, and the results of deals, confirmed by both parties, become a basis of reliability calculation for each deal party. Historically, the peacemaking algorithm has been successfully used in Kazakhstan in late 80s, and currently it is applied by project participants in their business and social projects.
Cognitive technologies and Creative economy
Platforms for technological and intellectual leadership
Development of the commercial software shall take up to half a year. Training and introduction of the program at a specific workplace shall take not more than a week. Within a year not less than 5 thousand entities may be using the practice, while total amount is limited only by spread of information regarding the practice and integration of local payments into the system
The practice will be introduced in Russia, BRICS countries and other friendly countries.
The first and foremost competitive advantage is that we do not have to put business processes on hold waiting when a specific person on top of a hierarchy reviews and resolves an issue. We overcome the natural limitations of hierarchic structures and management crisises produced by the essence of such structures by implementing nature-like protocols. There’s no single person or entity responsible for processing a deal of solving a dispute. The system protocol functions with every registered person as an executive node, thus making it impossible to fake or sublimate facts and records registered in the system. Unlike other marketplaces or rating systems, we have 100% objective and clear indicator of business reputation and reliability of a partner, and this indicator can not be changed, no matter how much funds you want to spend on such change. While in most other marketplaces a seller can buy positive rankings and feedback, in “Made in BRICS” you can not change neither the number of registered deals nor the number of claims made and resolved, as they are confirmed by both parties and registered on a blockchain. The users of the system solve all their disputes with deal parties within “Made in BRICS”. They do not need to file documents for arbitration/court, pay thousands of dollars to lawyers and as legal expenses. All you need, is two persons you know, trust and respect, who agree to become your peacemakers and work out mutually acceptable solution with the other party’s peacemakers in case you can not resolve the dispute between you and your business partner. A side effect is, first, that it becomes unprofitable to lie and cheat. If you try to cheat all your business partners, you’ll keep getting claims and won’t have a chance to wipe off the record of any of these claims. And if you won’t fulfil a solution worked out by peacemakers, you’ll be blocked and won’t be able to make a deal in the system any longer. On the other hand, if you keep your promises and fulfil your obligations, you’ll have high reliability and become a partner of choice for other parties. It is especially important if we talk about international and cross-cultural business interaction, when you don’t have any reference in a new country or a new market. “Made in BRICS” does not hold any information about deal details and deal parties, apart from the fact of existence of a deal between party A and party B and the outcome of the deal – whether it was closed as agreed, or there was a claim, and whether a claim was successfully solved. Therefore the system is “hack-proof” – it simply doesn’t make sense to hack it as there’s no sensitive information inside.
Articles and videos about the practice can be found on Yandex Dzen and the channel of the first cooperative radio.
On the company's website, SolidWord.
