Synergy between SKX and Blockchain

SKX seeks to introduce Dendropanax, a traditional Korean resource, while incorporating advanced blockchain technology to establish a platform where users can improve their health, participate in reliable transactions, and earn incentives for their engagement. Through the utilization of blockchain technology, SKX successfully addresses the constraints inherent in conventional methods of manufacturing, distribution, and e-commerce, thereby enhancing the platform’s overall worth and providing consumers with superior products.

Through this methodology, SKX establishes a sustainable economic ecosystem, encourages a positive consumption culture, and plays a role in preserving and advancing Korea’s traditional resources. The SKX platform embodies a shifted consumer behavior that integrates both health and economic benefits, going beyond a typical online marketplace.

SKX platform is distinguished by the incorporation of blockchain technology and the following features.

1. Transparent Production and Distribution of Dendropanax

Each consumer is entitled to access high-quality products that enhance their overall well-being and quality of life. Necessary commodities, cosmetic items, and consumables should be manufactured utilizing high-quality raw materials, ethical production methods, and clear distribution channels. Following the emergence of the COVID-19 pandemic, there has been an increased focus on health, and SKX recognizes its obligation to decrease potential harm to consumers from substandard materials and unethical manufacturing methods. In order to accomplish this goal, SKX utilizes the smart contract capabilities of blockchain technology to autonomously track and validate the sourcing of raw materials, manufacturing procedures, and distribution phases based on predetermined criteria, thus establishing a clear and reliable rapport with consumers.

SKX intends to offer consumers precise information by prohibiting ingredient manipulation and tampering with raw material content. Following the purchase of a product, consumers have the capability to confirm its authenticity by utilizing the QR code on the 3D security film via their SKX wallet, eliminating the necessity for supplementary readers or scanners. This guarantees a secure and fair purchasing environment for consumers.

In the future, SKX intends to establish a platform for both the Dendropanax products manufactured at its main office and for vendors in general to easily list and sell their products. This will allow for a greater range of products to be transparently offered to consumers, creating an environment where all individuals can readily engage in the trade of high-quality products.

2. Convenient and Secure Payments

Conventional payment platforms are overseen by centralized entities, leading to transaction documentation being handled by financial institutions or credit card providers. This frequently results in reduced transparency and imbalanced information dissemination. On the other hand, the SKX platform employs a decentralized system that enables fast and transparent transactions without the need for intermediaries. Using a distributed ledger, all participants have the ability to confirm and observe transaction histories in real-time. This effectively decreases the likelihood of unauthorized access and fraudulent activities, while also decreasing the vulnerability of personal data disclosed in the payment transaction. Consequently, users are able to conduct transactions effortlessly in a secure setting, benefiting from an ideal experience for both worldwide and peer-to-peer transactions.

3. Fair Reward System

The SKX platform mitigates the shortcomings of conventional cash back and point programs, including usage limitations, low earning rates, and high spending thresholds for point redemption, through the utilization of a transparent and flexible reward system enabled by blockchain technology. Consumers can access equitable benefits through a decentralized system free from central authority control. Smart contracts facilitate prompt distribution of rewards, enabling users to access and utilize their rewards from modest sums, thereby enhancing ease of use and convenience. In the future, SKX aims to introduce supplementary membership perks in conjunction with a range of rewards and incentives for regular users, enhancing the overall experience for all participants.

4. Expansion of Domestic and International Merchant

The SKX platform employs blockchain technology to log all transactions on a decentralized ledger, enabling merchants and consumers to conveniently monitor transaction histories. This level of transparency minimizes potential doubts or errors that could occur during the transaction, ultimately fostering trust with consumers. The smart contract functionality automates transaction criteria processing, ensuring immediate provision of rewards upon meeting specified conditions, facilitating direct and efficient transactions without the need for intermediaries. Furthermore, the global payment system enables merchants to penetrate foreign markets effortlessly, offering possibilities to access international consumers and establish the groundwork essential for the growth of both domestic and international merchant networks. At present, there are about 500 vendors in South Korea who provide Dendropanax products. Our aim is to broaden our international vendor network, beginning with Southeast Asia, to establish a global network where Huangqil Pay is accepted universally.

5. Ecosystem Participation

The ecosystem within the SKX platform has been specifically created to encourage user engagement and compensate for contributions utilizing blockchain technology. Various activities, such as idea sharing in communication and participation in games, are interconnected by SKX tokens. This not only contributes to increased user satisfaction and engagement, but also revitalizes the platform. The security system, based on blockchain technology, ensures transparent and secure communication channels that enable users to receive rewards for providing product reviews or suggestions for improvement.

Furthermore, the SKX platform offers a range of mini-games that incorporate SKX tokens to enrich user experience and engagement. The rewards acquired from these games can be utilized within the shopping mall, establishing a self-sustaining system. These elements of gameplay enhance motivation for user involvement and promote the organic exchange of tokens within the community.

SKX aims to establish a sustainable ecosystem facilitating growth for consumers, merchants, and businesses that transcends conventional reward systems. SKX aims to become a responsible global bio company by promoting social value and revitalizing the ecosystem, while also leading in blockchain technology innovation.