Several weeks ago on the regional auto portal myauto.ge – auctioning module was launched, that allows buyers to participate and purchase high quality used vehicles directly from the European seller.
Currently vehicles for sale are supplied from Belgium, Lithuania and Estonian Leasing companies, Insurances and Banks. Any buyer can easily register at the auction, pay deposit and purchase vehicle directly through Georgian web portal.
The single auctioning module on the Georgian auto portal is part of the large distributed network, that unites it with the other car listing marketplaces and corporate sellers around the world. The company behind this technology is a Georgian – Ukrainian Blockchain startup: Shelf.Network.
Shelf.Network is a revolutionary demonstration of how can we use the blockchain technology in the e-commerce world and create a cooperative distributed platform for cross border sales. We distribute open source free auctioning software, that gets seamlessly integrated on the merchant UI side. By launching our “shelf”, each merchant becomes a separate node in the network and is automatically connected to other merchant stores and inventory pools. Technology guarantees the immutability of each auctioning lot and allows to share the buyer’s bids / trade process across the entire network through a distributed bidding ledger.
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