User:UMAGATE

Proof of merchandise

Proof of Merchandise (PoM) is a protocol that allows participants to trust a token assets in common process by decoupling the proof of data from the actual source in a way that yields a single proof that represents all steps of the merchandise process. A process is a sequence of steps in which merchants perform specific actions from supply chain to customer.

UMAgate (PROJECT) building a new form of trust for e-commerce business. By representing next-generation network concept, based on proof of merchandise protocol and TTP (Trust Transparency and Privacy) rating algorithm. Trust network is build for business between consumers, merchants, and authorities. Where customers and suppliers can share a commitment to achieving high performance, yet their interdependency requires a level of trust that is often not obtained.

In a customer-supplier relationship, trust must often be built quickly. For this reason UMA provides a TTP rating system based under conditions where parties weigh the opportunities to be gained against the risks (real or implied).