Blockchain : Spl.yt enables vendors to set the amount they pay to affiliate marketers across all e-commerce platforms when a listing is added
Working with affiliate marketers has proven an extremely effective way for merchants to grow their businesses. Currently, however, the process of compensating these valuable affiliate partners is convoluted and inefficient, costing vendors time and energy, and even leading to disputes with affiliates that can be costly and time-consuming to resolve. These important and lucrative relationships can be protected by rewarding these partners fairly, consistently and quickly with minimal processing and accounting. Spl.yt enables vendors to set the amount they pay to affiliate marketers across all e-commerce platforms when a listing is added. Payments are then distributed automatically through smart contracts, which are pre-agreed upon programs that smoothly and seamlessly facilitate transactions without the need for any intermediary service or invoicing systems.At Spl.yt, our mission is to empower people with tools and awareness to achieve their goals while participating in a fair and secure e-commerce system. We do this by virtue of blockchain technology, which ensures accuracy and immutability of information and removes the need to rely on costly intermediary applications and services . Since all pertinent information is viewable by all parties on our decentralized blockchain, Spl.yt offers a level of transparency never before available on platforms for e-commerce.
We believe the biggest industry in the world should be owned and operated by people, not centralized corporations. Spl.yt will help buyers and sellers save time and money by removing middlemen functions and create better opportunities for e-commerce participants to achieve their dreams.
What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
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