GLMall: Revolutionizing E-Commerce with Blockchain-Driven Connections
As the digital marketplace continues to evolve, small online merchants, especially in developing regions, find themselves wrestling with a growing list of challenges. From platforms that fail to offer the right tools for marketing and customer communication to high fees that erode their profits, these entrepreneurs are often stuck in a cycle of inefficiency. They depend on outdated e-commerce systems that either don’t meet their needs or burden them with excessive costs, leaving them to handle marketing, payments, and customer engagement on their own.
Unfortunately, traditional online platforms have long struggled to address these issues. While they may offer some basic functions, they often come up short when it comes to integrating the crucial components that drive real business growth—affordable transaction options, targeted marketing tools, and seamless communication systems. For many, the costs of these platforms feel like a constant barrier to achieving success, especially when they are trying to build relationships with customers and manage their operations with minimal resources.
GLMall reimagines e-commerce by stepping in where traditional platforms fall short, offering a solution that goes beyond basic transactions. It’s not just about providing an online store; it’s about creating an ecosystem where merchants are equipped with the right tools to thrive.
Empowering E-Commerce with Crypto and Community
The creation of GLMall was inspired by the growing need for an integrated marketplace that caters specifically to the needs of online shops, particularly in the developing world. Many online stores, especially in these regions, rely on costly and inefficient platforms that do not align with their actual needs. These platforms often lack essential marketing and customer communication tools, and they feature offerings from small shops competing with one another. Additionally, these platforms charge prohibitively high fees, which many online shops cannot afford, leaving them to handle their own marketing and customer engagement.
Furthermore, traditional online payment systems are not only expensive but also time-consuming, with some providers taking weeks to remit payments after transactions are completed.
GLMall, in collaboration with GLBrain’s communication and community-building tools, was developed to address these challenges. It aims to provide an integrated marketplace with all the necessary tools for marketing, customer communication, and seamless transactions. One of the standout features of GLMall is its ability to accept crypto payments, making it the first marketplace to do so.
Beyond serving as a business platform, GLMall also offers solutions for donations, microfinancing, and other tools designed to support the success of many of the United Nations Sustainable Development Goals (SDGs), further emphasizing its commitment to social impact.
Privacy-First Blockchain Solutions
GLMall operates on a blockchain-based marketplace powered by its patented chain code technology, which is integrated with the social networking solution GLBrain. This system ensures total privacy for its users, including merchants, buyers, and other participants, by allowing them to control who can access their data and determine the visibility of their offers and content based on geographical regions and languages. Communication between merchants and buyers remains private, with all payments made in cryptocurrency secured on GLMall’s proprietary blockchain.
Pioneering a New Era of E-Commerce
What sets GLMall apart from traditional e-commerce platforms is its emphasis on community building. Merchants can create and nurture their own customer communities, communicating with them in various languages and formats, from direct messages to following. This level of engagement allows for a more personalized experience for both merchants and customers.
GLMall is also the first marketplace specifically designed for online shops to accept crypto payments without the usual crypto transaction fees. It achieves this through its patented parallel coin solution, enabling the seamless conversion of both cryptocurrency and fiat currencies into its transaction token, GMBT. This token facilitates all necessary transactions within the platform, and users can swap their GMBT back to other cryptocurrencies or fiat currencies as needed, providing a flexible and cost-effective solution for digital transactions.
A Blockchain Breakthrough with Fee-Free Transactions
The parallel token solution developed by GLMall, which has now been granted a European patent (EP 3 857 405 B1), eliminates blockchain-related transfer and gas fees by introducing a system of self-generated transaction fees through its unique "coin hours" concept. This system mints coin hours for every hour a coin is stored in a wallet. When the coin is transferred, 50% of the existing coin hours move along with it. This structure ensures that transaction fees are accumulated and self-funded over time, providing all users with enough coin hours to cover transaction costs, thus eliminating the need for additional blockchain fees.
The Sky Fiber Blockchain, which powers GLMall, offers significant advantages over existing blockchain solutions for e-commerce. Unlike other blockchain systems that charge high transaction fees and are too slow for e-commerce needs, Sky Fiber is 300 times faster than Ethereum and supports instant, fee-free transactions. This rapid processing speed and zero transfer costs make it ideal for handling e-commerce transactions, which often involve multiple small transactions, including payments to agents, influencers, and other parties. Additionally, Sky Fiber allows for the efficient handling of claims and fund transfers, all without the usual fees associated with traditional blockchain solutions.
Crypto is increasingly transforming daily e-commerce by enabling buyers to use their cryptocurrency directly in online transactions, bypassing the need to convert it to fiat currency and the associated costs of banking and taxes. For merchants, especially in regions with high inflation, receiving payments in crypto offers a way to avoid the delays and high fees of traditional payment providers. They can convert their crypto to fiat currency whenever needed or use it to purchase goods they sell online from their vendors. GLMall plays a crucial role in this evolution by providing a seamless and efficient platform for crypto payments in e-commerce, offering a cost-effective solution for both buyers and merchants.
Simplifying Crypto Payments for Buyers and Merchants Alike
One of the biggest challenges in integrating crypto payments into mainstream commerce is the complexity involved for buyers in creating and managing crypto wallets, in addition to handling traditional banking and credit card solutions. GLMall addresses this issue by partnering with ALCHEMY Pay, allowing buyers to use regular credit cards and payment systems to purchase the necessary coins for transactions. This eliminates the need for buyers to set up a wallet or purchase crypto on their own, simplifying the process.
Merchants also face challenges in accepting crypto payments, as some may prefer to be paid in fiat currency instead of swapping the GMBT token into USDT or other cryptocurrencies. To address this, GLMall offers merchants the option to sell their GMBT tokens back to the platform in exchange for USD or other fiat currencies, albeit with an additional fee.
Stories of Triumph
One success story demonstrating GLMall’s impact is its partnership with Shopify, the world’s largest online shop software provider. GLMall is now accepted as a sales channel for Shopify-operated online shops. Through a simple app, Shopify merchants can display their products on the GLMall marketplace, utilizing its marketing and communication tools. Merchants don’t need to accept crypto payments but can offer products in fiat currency while still benefiting from the platform's crypto features. Customers can choose to pay in crypto, but the payment method is left to the merchants and buyer’s discretion.
Trust, Transparency, and Security—Redefined
To ensure security and transparency for both merchants and customers, GLMall executes all crypto-related transactions on its blockchain system, providing the transparency and security inherent in blockchain technology.
Both buyers and merchants can track the status of payments and shipments. The merchant will only receive funds once the buyer accepts receipt of the goods, or after a 28-day period without a complaint. All communication related to the transaction is conducted through GLMall’s communication system, ensuring that conversations are unchangeable and can serve as evidence in case of a dispute. If the buyer raises a claim within the set period, the merchant has the same time frame to respond and resolve the issue. If the merchant fails to address the claim within the time frame, the funds are returned to the buyer. This process ensures greater transparency and ease of handling compared to traditional payment systems like credit cards. Additionally, GLMall monitors and can ban users or merchants who fail to adhere to the platform’s fairness rules, ensuring a secure and trustworthy environment for all participants.
Blockchain for Trust and Transparency in Giving
For countries, NGOs, and micro-financing organizations, GLMall’s blockchain technology offers unique communication possibilities that are especially valuable in donation and micro-financing contexts, where trust is essential. Through GLMall, donors and beneficiaries can communicate directly in any language, ensuring transparency and accountability. A key advantage of GLMall’s blockchain-based system is that donors can restrict their funds for specific purposes. For example, if a donor funds an eye operation, the funds are only usable for that operation at a designated clinic. Both the donor and the beneficiary can confirm the completion of the transaction, ensuring trust and reducing the potential for misuse. Similarly, NGOs involved in the transaction receive their designated share, and everything is handled transparently. This direct and secure method of communication and fund allocation can significantly increase trust and encourage more donations, ultimately helping achieve the United Nations' Sustainable Development Goals (SDGs). GLMall’s blockchain technology, marketplace, and communication tools play a pivotal role in facilitating these impactful solutions.
Envisioning a Brighter Future of lobal E-commerce
Looking to the future, GLMall envisions empowering small businesses worldwide to take control of their operations and customer communications. By reducing dependency on major e-commerce and banking players, GLMall is positioning itself as a vital tool for smaller enterprises. The platform's blockchain-based communication and transparent payment systems will revolutionize the way NGOs and micro-financing organizations operate, offering more secure, trusted, and efficient means of connecting donors with beneficiaries. Additionally, the ability to transform offers into NFTs will create new opportunities in the field of smart contracts, further expanding GLMall’s potential to shape the future of global e-commerce.
Start Selling on GLMall in Minutes
Getting started with GLMall is simple and user-friendly for both merchants and users. Interested parties can easily register on GLBrain and GLMall, creating a profile and setting up an online shop for free. Merchants who already operate online shops on platforms like Shopify or WooCommerce can seamlessly integrate their stores into GLMall using the provided apps.
For smaller online shops with limited offerings, merchants have the option to create and manage their products directly within their GLMall shop. However, GLMall generally recommends opening an online shop with Shopify, as it ensures a more professional system with comprehensive payment options and enhanced functionality at every level.
GLMall offers robust support to ensure a smooth onboarding process, helping merchants integrate and maximize their presence on the platform. This makes it easy for businesses of all sizes to begin leveraging GLMall’s innovative features and reach new audiences globally.
