YOOSourcing (YST) global offline sourcing meeting held in hangzhou This activity mainly introduces the future layout of YOOSourcing project, the application of landing products, and the construction of global nodes. Date I: April 14th (Sunday) from 14:00 to 16:00 Address ：4756#jiangnan avenue, puyan street, binjiang district, hangzhou If you deeply identify with YOOSourcing and love blockchain, you're welcome to participate. Please be informed that
YST Foundation 2019/04/11
It combines the power of trusted social networks with audited and verified transactional data to bring a comprehensive global sourcing solution in the palm of your hands.
YOOSourcing brings trust and transparency to international trade through the introduction of several innovative features into sourcing such as: geolocation and crowd-verification of suppliers, encrypted instant messaging tool, blockchain based smart contracts and machine learning based matching system between buyers and suppliers.
By using blockchain based smart contracts, we trace all the transactions between international buyers and suppliers in order to gather quantitative data to build “Yndex” (YOO+Index) which is the trust index of suppliers.
We solve the last mile problem in international trade by providing a decentralized solution and using our utility token YST, we reduce the cost of networking.
Our database contains over 200K suppliers, buyers and service providers. Locations of suppliers are verified by “crowd verification“ mechanism. Searching can be done using product name, company name, location, content of posts...
We train our system with profiles of suppliers, buyers and service providers. We also use ”Yindex” in order to find the best match between these stakeholders.
To improve communication in international trade and to protect confidential information, we have developed this tool in our app.
Purchasing process between buyers and suppliers will be traced using smart contracts. This allows us to evaluate performance of suppliers during order execution.
Using qualitative data gathered from the application later (ranking of suppliers, crowd verification...) and qualitative data or all orders (smart contracts) our algorithm creates the trust index of suppliers based on their performance.
Node providers staking YST and getting rewards for participating in transaction confirmations. YST will also be used as rewards in order to reduce the cost of networking. It will also be used to purchase premium services of our platform at a discounted price.
Market research and MVP design
MVP Development and testing
The first version of the app available in AppStore and Android Stores.
Integration of blockchain technology / Smart contracts design
Development and testing of the first smart contract based on Quorum blockchain
YST token sale
Smart contracts fully integrated in YOOSourcing