Blockchain P2P Network Platform.
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Ended ICO : 14/08/18 – 11/10/18
The main objective of Chromium team is to create a platform that can serve the purposes of both the Service Providers and Clients.
The platform built over Ethereum protocol makes use of smart contracts for automation and provides an easy and cost-effective way to sell and showcase services. Unlike other similar platforms, Chromium incorporates a simple yet efficient user interface that allows the users to browse and see services just the way they have been doing on conventional services platform. The multi cryptocurrency and fiat support makes the platform even more convenient for the users.
Offering Solutions and Opportunities
Chromium is bringing in the tried and tested decentralized application model into the business industry. Until now people had to rely upon third party centralized platforms and with such a model comes the middlemen and intermediaries who charge an additional hefty commission which eats into the earnings of the Service Providers. This in turn also bears an affect on the actual pricing of the services over the showcasing service or business platform, to be borne by the clients. The use of blockchain and smart contracts within Chromium makes it possible for the platform to overcome all the challenges thrown at it. Starting with the use of cryptocurrencies alongside fiat and automation of payments and settlements between providers and clients. It also helps the platform maintain low operating and transaction costs and to ensure that the platform is accessible to everyone, everywhere.
Improving Business Selling Services
The Chromium platform is designed to improve the business industry, especially the content delivery and showcasing part. The decentralized platform offers unprecedented levels of flexibility to the main stake holders. By providing complete freedom to Service Providers to upload their work and set their own pricing, it encourages more people, both big and small to register on the platform and start selling services. And, the absence of third-parties in the ecosystem reduces cost overheads in the form of commissions, the benefit of which is ultimately passed down to the providers and clients. The payment methods and global nature of the platform owing to the universal nature of the platform’s underlying blockchain and cryptocurrency technology makes it easier for users from anywhere across the world to avail the showcasing service. As the platform makes it easier for providers to sign up, the choice of services available for clients is virtually endless.
They can pick from a long list of categories and providers, popular or otherwise. The Chromium platform also acts as a services discovery tool to find the latest works from some of the unheard talents. In addition, Chromium also has introduced the Global DAO where users of the platform can vote the best services, and get to know new ones based on the others’ votes. By utilizing decentralized hosting, Chromium platform also combats censorship by government sand other entities which may otherwise end up taking down content to suit their religious,political or personal agendas. The very feature also makes
the platform hack-proof to avoid any data loss due to unforeseen security breaches which in a conventional setup may result in the users personal and payment information being compromised or files being deleted or pirated by hackers and cybercriminals. The Chromium ledger keep track of all transactions that has ever happened on the platform to maintain transparency and accountability. With few content monetization opportunities already in place, Chromium will continue to implement new ways for content creators to make money over the platform.
Helping Service Providers Make a Living
Service Providers form the backbone of the business industry and they are in most cases underpaid for their efforts, and their creativity is undervalued. It is mainly because of the conventional, centralized business discovery and showcasing platforms that aim to maximize profits. These platforms act as third-party intermediaries, taking a hefty fees and commission from the revenues generated by the sales, which comes from the payment that’s owed to the providers. A provider who takes months or sometimes years to come up with a great work might have to make do with meagre earnings in a conventional setting as they are forced to shell out anywhere between 10% to 40% or more as commissions. If the services sales aren’t that great, then they might as well be left without any money. These conditions make it hard for providers to stay motivated and indulge in their work pursuits. Chromium prevents such a scenario by eliminating the need for middlemen and enabling the providers to gain 100% of all the sales proceeds minus any transaction fees incurred over the Ethereum blockchain. It is hard for an artist to become famous and well-known without the support of a strong marketing team or the backing of a popular company. There are so many talented providers, who are out there who don’t have enough resources to promote their work or themselves due to lack of funds.
The only way for them to get their name out is by taking the task of marketing and promotions upon themselves. Chromium provides an ideal environment for them to get noticed by uploading their work on to the platform. All they have to do is register themselves on the service showcasing platform, create a portfolio and upload their work and set a price for them. They can also opt to provide users with a sample images of their work so that clients can see it and decide whether they wish to purchase the service or not. Once the services are listed on Chromium, they can be searched by anyone using the platform. They can see the demo work and purchase the whole service or work if they like. If the providers doesn’t want to charge the client, they can choose to provide the works for free and seek donations instead.
Chromium is an easy to use blockchain based service showcasing service which doesn’t require the providers and clients to create wallets as the platform by itself acts as one. By uploading the content on the platform, providers can make their work available worldwide in no time. Once the provider makes a sale, they will receive 100% of the proceeds in the form of Chromium tokens. These can be easily converted to fiat or other cryptocurrencies on any of the listed exchange platforms.
Promoting Cryptocurrency and Blockchain Technology
Chromium is one of the successful cryptocurrency projects of 2018. The platform has introduced blockchain technology into the business industry to encourage the growth of the ecosystem while solving some of the issues regarding the well-being of the service providers community. At the same time, the Chromium team has also made it their mission to promote the use of cryptocurrencies among the general public. In order to familiarize people with cryptocurrency usage, they have included support for various payment options alongside the platform’s native Chromium tokens. Even though Chromium tokens remain the primary mode of value exchange on the platform, people can still purchase services using other cryptocurrencies and even fiat. By including fiat payments, Chromium is ensuring that those who are not used to conducting cryptocurrency transactions aren’t left out and at the same time, it also acts as a gateway for them to enter the blockchain and digital currency domain.
Once they are onboard, after making fiat payment, they are gradually sensitized to Chromium tokens, giving them an opportunity to learn how to handle and manage crypto tokens. The multi-currency support will continue to be available for a while until everyone is comfortable using Chromium tokens on the platform.
The providers and other stakeholders in the business industry also stand to gain some valuable insights from the initiative. As Chromium continues to grow, the leading companies and agencies will also start providing their digital content over the platform. And eventually, they are expected to implement distributed ledger solutions in their operations for efficient distribution and to combat piracy.
In the near future, Chromium plans to extend its focus on other forms of digital content as well.When compared with other popular services showcasing sites and freelance platforms,Chromium fares well then most of them. A comparison between Chromium, PayPal andFreelancer.com shows the technical superiority as well as user-friendliness of the platform against competition.