Blockchain startups join forces to disrupt global ecommerce

Payments and ID platform Nuggets strikes up partnership with e-commerce marketplace innovator Storiqa

London, UK – 8 May 2018: Nuggets, the blockchain e-commerce payments and ID platform, today announced a collaborative partnership with Storiqa – the blockchain startup that removes marketplace barriers for small and medium-sized (SME) retailers, and builds trust with their buyers.

Both companies are using complementary blockchain technology to fundamentally disrupt ecommerce. They make it easier for retailers to compete, and for consumers to enjoy simpler, more secure, more valuable online purchase experiences.

Storiqa was founded in August 2017, with the aim of helping SME retailers and producers ‘set up shop’ in just an hour, with minimal financial borders and global transactional fees. It eliminates fake or spam reviews using a blockchain-based smart review process.

Nuggets CEO and founder, Alastair Johnson, said: “We are delighted to announce a collaborative partnership with Storiqa. It’s a great business with the same mission as us – to make e-commerce work better for retailers and customers alike.Our technologies complement each other perfectly, and we look forward to working together.”

Storiqa’s multi-currency wallet allows fast and safe transactions in both its own STQ tokens, other major crypto currencies, and in traditional currencies. Payments are dramatically accelerated (often from months to minutes), and transaction fees minimised. Its self-sustaining STQ token economy provides higher cash-back to buyers, while sellers get access to preferential platform features.

Nuggets uses blockchain technology to enable people to make payments without having to share their personal data. That makes e-commerce simpler and more secure, while eliminating the time-consuming task of entering username, passwords or payment details.

Users also only have to update their details once – in Nuggets – rather than having to manually re-enter sensitive details into dozens of accounts. Then they can use biometric security on their devices to pay, login, or verify their identity.

Nuggets flags every successful transaction to merchants – without revealing the user’s information. Over time, this means the user develops a trust profile, proving their status as a good actor in the network, using reliable payment methods.

Right now, consumers routinely give away valuable information to companies. With Nuggets, they can choose to share elements of personal data, such as an email, in return for Nuggets Tokens, which they can use to buy products and services from participating merchants.

Storiqa, which has a market cap of over $20million, releases its MVP in August 2018. It is offering a 60-day free trial to attract sellers and increase product range and availability. After that trial, Storiqa offers the lowest fees for platform usage of any major online marketplaces, for continued use. Small-scale producers interested in boosting sales and finding new markets are encouraged to visit http://vendors.storiqa.com/.

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