Build transferable, independent, universal and transparent reputation to boost commerce. Trust and be trusted globally.
No more uncertainty while purchasing – know more about a seller and buy with trust globally. Rate your experience and enjoy the multiple benefits of trusted commerce.
E-commerce worldwide sales in 2014 were USD 1.33 trillion and are projected to
increase to USD 4.058 trillion by 2020. E-commerce share of retail sales is expected
to increase from 7.4% in 2015 to 14.6% in 2020. Furthermore, according to Statista,
the number of people buying goods or services online will increase from 1.46 billion
in 2015 to above 2 billion in 2020.
Despite the explosive growth, three major problems still exist:
1. Trust and reputation: Building trust is difficult, and it is centrally governed by
big marketplaces. There is an inability to transfer trust from one centralized
service to another, and thus a need to establish relationship with each
merchant separately. Moreover, a merchant’s history is not recorded, so there
is no ability to punish fraudulent buyers or merchants. Huge efforts and
advertising budgets are needed to create trust if a merchant is not a part of a
2. Expensive and long payment process: There are 16(!) different steps to
settle the transaction and up to 15(!) different fees to pay for payment
gateways. Transaction fees range from 2% + 0.1 to 6% + 0.7. Chargeback
fees of USD 15. Moreover, existing payment gateways rarely offer a simple
solution for a merchant to accept mobile payments on their website or point of
3. An inability to reach the growing ethereum economy: Today, merchants
cannot accept payments in Ether, which has reached a market cap of USD
36bn as of June 14th. Moreover, a totally new digital asset class is being
created: tokens of products that are built on the Ethereum platform. The rise
of a new kind of digital assets enables the creation of a token-based digital
asset economy. It is expected that 10% of global GDP will be generated on
blockchains by 2025. Merchants will definitely want to participate in the
blockchain created economy.
Monetha is creating a universal decentralized trust and reputation solution
working flawlessly together with mobile payments processing on the
Ethereum blockchain leveraging smart contract technology.