BEC Fund Committee and Overstock Reach Strategic Cooperation on Blockchain

The E-Commerce Chain Fund Committee signed a blockchain strategic cooperation agreement with the well-known US online shopping platform and Overstock, a brand discount sales platform. Basic e-commerce (hereinafter referred to as BEC) will record the traceability information for the whole supply chain system of overstock in real time based on the blockchain technology "e-commerce chain", which is credible, consensus and tamper proof, giving consumers a reliable purchase experience. Ovestock representatives said that with this technology, the consumer experience will be better and shopping will become more enjoyable. I believe that the number of Ovestock consumers will have a breakthrough in the next three years. Basic E-commerce representatives said that the birth of the e-commerce chain is to let consumption become more convenient, more trusting, and happier for customer. I believe the cooperation with Overstock will be deeper.

The essential technical principle of BEC is to establish the trust value network of e-commerce and consumers through the distributed bookkeeping transaction relationship and trust endorsement, and introduce a new consensus algorithm to achieve the characteristics of multi-project extension. At the same time, BEC solves a series of problems in traditional e-commerce: random collection of user privacy, personal information leakage, personal information trading, and even fraud. It has achieved technical protection of customer information and in many aspects such as commodity trading information, which has greatly helped protect the safety of customers information and commodities during the operation of Overstock.

The business of OverStock American brand shopping network covers: large-scale comprehensive general merchandise, famous fashion clothing, jewelry, electrical appliances, household goods, audio-visual products and so on. Overstock is a brand-name distributor at the forefront of the world. It has a certain market share in the e-commerce industry and has a large number of high-quality consumers. The average annual income of these consumers is more than 120,000 US dollars and about 91% of consumers have their own housing. And OverStock has nearly 20 years of successful e-commerce experience. Through this cooperation, BEC technology will receive innate platform support and financial assistance, which will greatly increase the market value of BEC. According to the analysis of the BEC Fund Committee, with the promotion of BEC technology and the maturity of the BEC secondary market, a dividend and reward mechanism will be launched in the future, so that every BEC investor can share the technical value. The current value is around between 3 and 4 US dollars. Professionals analyzed that through this cooperation and the mature development of BEC technology, it is expected that the later value of BEC will reach more than 30 US dollars.
Latest News

Soleimani, a general who became Iran icon by targeting US

Jul 8, 2020

TEHRAN, Iran — For Iranians whose icons since the Islamic Revolution have been stern-faced clergy, Maj. Gen. Qassem Soleimani widely represented a figure of national resilience in the face of four decades of U.S. pressure. For the U.S. and Israel, he was a shadowy figure in command of Iran's proxy forces, responsible for fighters in Syria backing President Bashar Assad and for the deaths of American troops in Iraq. Solemani survived the horror of Iran’s long war in the 1980s with Iraq to take control of the Revolutionary Guard’s elite Quds Force, responsible for the Islamic Republic’s foreign campaigns. Relatively...

Muslim hajj pilgrims ascend Mount Arafat for day of worship

Jul 8, 2020

MOUNT ARAFAT, Saudi Arabia — More than 2 million Muslims are gathered at the sacred hill of Mount Arafat in Saudi Arabia for an intense day of worship and reflection on what's considered the climax of the Islamic hajj pilgrimage. Some had tears streaming down their faces as the men, wearing simple white garments, and women raised their hands in worship on the slopes of the rocky hill. Many walked through the pre-dawn darkness early Saturday to the hill where the Prophet Muhammad delivered his final sermon some 1,400 years ago, calling for equality and unity among Muslims. One of...

Saudi changes allow women to travel without male consent

Jul 8, 2020

DUBAI, United Arab Emirates — Saudi Arabia published new laws early Friday that loosen restrictions on women by allowing any citizen to apply for a passport and travel freely, ending a long-standing guardianship policy that gave men control over women. The changes are a potential game-changer for Saudi women's rights in the kingdom. The legal system has long been criticized because it treated women as minors throughout their adult lives, requiring they have a man's consent to obtain a passport or travel abroad. Often a woman's male guardian is her father or husband, and in some cases a woman's own...

The Latest: UN chief calls for 'maximum restraint' in Gulf

Jul 8, 2020

DUBAI, United Arab Emirates — The Latest on the tensions between the United States and Iran (all times local): 10:45 p.m. U.N. Secretary-General Antonio Guterres is again calling for "maximum restraint" in the Persian Gulf region and warning all parties that a new confrontation "would be a catastrophe." U.N. deputy spokesman Farhan Haq reiterated the U.N. chief's plea to avoid any escalation when asked Thursday for Guterres' reaction to Britain saying Iranian vessels tried to block one of its oil tankers in the Gulf. Haq said the U.N. hopes all nations "will take steps to avoid" an escalation and confrontation....

Egypt demands Christie's halt auction of King Tut statue

Jul 8, 2020

CAIRO — Egypt has tried to halt the auction of a 3,000-year-old stone sculpture of the famed boy pharaoh Tutankhamun at Christie's in London, while the auction house said its sale was legal. The statue — a brown quartzite head depicting King Tut — is scheduled to be auctioned off in July, and could generate more than $5 million, according to Christie's. The artifact features King Tut's full mouth with slightly drooping lower lips and almond-shaped eyes. For many, King Tut is the ultimate symbol of ancient Egypt's glory. Howard Carter discovered the pharaoh's nearly intact tomb in 1922 in...

About Us

Originally founded in 2015, Voyage Times publishes articles on travel and lifestyle for travelers, leisure seekers, and culture hunters from around the world.

Contact us: sales[at]

Subscribe Now!

Quick Links