Splyt Product Update #3

We have had a busy couple of weeks! We have more than doubled our product team to a total of 9 people, all of which are working hard to build the Splyt Core Protocol.

We are redesigning our website to better appeal to the customer segment we’re targeting with our products.

We have completed our design system & hi-fidelity mockups of our Company Home Page. We are really excited about how it looks! We will begin implementing the new designs in the coming weeks.

Our goal is to launch our new website in July.

We are building a token staking product to reward token holders for their commitment to our cause! Future iterations will enable brand partners to enhance their loyalty programs for participating token holders. For example, we are working to finalize the details of a VIP Membership Program in partnership with Mag Park. More on this in our next update!

We have completed the user interface designs & are in the process of implementing our components library.

Here is a working list of components:

Connect Wallet Button StatesConnect Wallet User FlowsStake Tokens FlowToken Staking Analytics Dashboard:   1. Total Value Locked
2. My SHOPX Available
3. My Rewards Earned
4. My Total SHOPX Staked

We have also been iterating on our database models to allow for staked tokens to be tracked in our system. This includes table names like:

TransactionsSmart Contracts NFT Staking Summary 

We have reached agreement on several of our processes & business logic. Now it is time to execute on the plan!

Our goal is to launch v1 of our token staking product in July.

We are building the Shopify App as a way for brands to reduce counterfeit products & for customers to verify the authenticity of their purchases. Subsequent versions (which we will roll out over time) will contain additional features like affiliate sales tracking to best meet the needs of our customers.

As with token staking, we have completed the data models for our API & are testing our endpoints to find & squash bugs. This includes table names like:

PartnersPartner RewardsShopsProducts

Next, we will work to implement the various services we need to make it all work together.

Our goal is to launch v1 of our Shopify App in August.

Here is a preview of our eNFT reference architecture. The diagram below displays the various components & layers of the Splyt Core Protocol.

The Relay Chain layer is the central chain on Polkadot that provides network security & coordinates parachains, on which smart contract logic is executed.

The Parachain layer contains the smart contracts that power our dCommerce infrastructure.

The Asset & Asset Manager smart contracts define asset-specific variables, for example:

type SellerAddress;type ListOfMarketPlacesAddress;type AssetID;

Additionally, they define functions that set & get data, for example:

fn set_status(Statuses);fn add_marketplace(marketplace: address);fn set_inventory(qty: u128);

The Order & Order Manager smart contracts define order-specific variables, for example:

type Version;type Orders;type FractionalOrders;

Additionally, they define functions that set & get the status of an order, for example:

fn set_status (orderid: u128, status: Statuses) -> bool;fn get_status (orderid: u128) -> Statuses;fn approve_refund (orderid: u128) -> Statuses;

The Arbitration & Arbitration Manager smart contracts are used to settle disputes between buyers & sellers. There are many arbitration types, for example:

type Reason;type Winner;type Status;

The Reputation & Reputation Manager smart contracts are used to track the reputations of buyers & sellers based on their actions on the protocol. For example:

fn get_reputation_info_by_wallet (wallet: address) -> reputation;fn get_average_rating_by_wallet (wallet: address) -> u128;fn get_total_rating_by_wallet (wallet: address) -> u128;

The eNFT API layer provides various interfaces for application developers to communicate with the Splyt Core Protocol. E-commerce developers can use the Splyt Core SDK & RPC / REST APIs to build their own applications.

Finally, the Application Layer displays applications running on top of the Splyt Core Protocol. Examples include the Shopify App, which is currently in development.

We’ve got an exciting couple of weeks ahead of us! What started as an idea has grown to a team of talented engineers dedicated to delivering what we have outlined in our roadmap.

Thank you for your support & sticking with us as we usher in the future of e-commerce.

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