Review on SPIN Protocol by Pedro O. Alvino M.
Electronic market through influencers
Based on electronic commerce through influencers, it tries to offer a system for both consumers and suppliers a fair and transparent system that does not allow problems that are generated by the other electronic commerce platform among them, such as the excessive fee and also of not proceeding with real product information, in addition to establishing connections with a main supplier and only with intermediaries, since the Spin protocol can solve these problems through the Blockchain.
Pros
- It offers decentralized e-commerce through influencers.
- Provide videos to explain the operation of the platform.
- Large road map throughout the year of 2020.
- Ecosystem without intermediaries.
- Possibility of issuing smart contracts to stem fraudulent actions.
- Consumers can have products based on reliable information.
- Ability for suppliers and influencers to promote their products globally.
Cons
- Offering an e-commerce service takes time as global companies are dominating the market despite the centralized model.
