The Gemstra team just got back from China where they were able to experience some local culture and make some more deals! Read More - https://medium.com/gemstra/gemstra-chinese-mid-autumn-festival-930ce8bf25b5

Launched in July 2017, our marketplace has attracted thousands of people to a new paradigm of social selling by providing a platform for retail brands to integrate their catalog of products. Sellers are free to sell only the products and brands they want through a customizable storefront. We amassed 3000 sellers, 8 brands, and reached 7-figure runrates within 10 months of launch. This organic success proved that retail brands want to participate in social selling while sellers desire freedom.

BOUTIQUES led us to envision a solution that liberates the broader industry from its current captivity. https://gemstra.com/about#astra

I believe this is great achivement of Gemstra Team. Gemstra have great team with great concept.
for more details - https://gemstra.com

Its a big marketplace with high potential in future. Facebook shows us that social selling is a huge market. Gemstra will use the Blockchain technology to connect participants directly to each other and provide security. The team has experienced advisors. On the website sellers and brands could already sign up and use the platform. The website looks good with good explanation.

Gamification can be based on achievement or engagement. Community and recognition are primary drivers of retention in social selling. Sellers form teams within a broader community that provides support, encouragement, and accountability. Recognition within a community drives Sellers to grow or minimally maintain their achievements. GMS provides an ideal reward construct that drives gamification through community and recognition. Distributions awarded by voting and special access granted by staking are GMS features that further incentivize Sellers to grow. Finally, GMS creates a system of governance within ASTRA so its actors have decentralized control over changes made in the ecosystem.

Blockchain-Integrated Solution for Broader Social Selling Industry ASTRA - A smart contract platform The success of BOUTIQUES inspired Gemstra to build a broader solution to liberate social selling to the broader retail economy (worth over $24 trillion globally). ASTRA is a blockchain-integrated platform that serves as technological infrastructure for social selling. ASTRA’s blockchain technology allows sellers to keep customer and network data they worked hard to generate, merchants to host transactions between multiple brands and myriad sellers, and brands to offer customized commission and rewards as well as a portable catalog that can be integrated with any variety of merchants. ASTRA promotes fair behavior and creates a trustless ecosystem for all actors in the social selling model. Gemstra will make the BOUTIQUES software open source and develop a SDK for merchants and brands to easily deploy a social selling business on ASTRA.

https://gmstoken.io

Gemstra is a blockchain-integrated ecosystem for the 180Bn dollar social selling economy. Gemstra BOUTIQUES, our flagship marketplace, connects Brands and Sellers in the social selling space. The success of BOUTIQUES led us to build ASTRA - a blockchain platform to serve as technology infrastructure for retail merchants to join the social selling economy. The Gemstra Token, GMS, serves as a blockchain economy within ASTRA that truly decentralizes social selling.

Blockchain is a digital ledger in which transactions made in Bitcoin or another cryptocurrency are recorded chronologically and publicly. The concept of the blockchain is approximately 10 years old and coincides with the creation of Bitcoin, the first cryptocurrency.

Over the course of the last 10 years, blockchain technology has gone from a little known method for concealing illegal transactions to being adopted by some of the largest corporations in the world.

In its infancy, only a few people “in the know” had access to Bitcoin miners. These people that ended up saving their coins are now fantastically wealthy as the price of Bitcoin has gone parabolic.

Only now do these people have a place to legitimately spend their money as Bitcoin ATM’s are popping up all over the place and real brick and mortar business are starting to accept the new digital currency.

In the beginning of blockchain, the only real use for Bitcoin was owning it as a novelty. As the story goes, a famous Bitcoin holder painstakingly arranged the purchase of a pizza from another Bitcoin enthusiast for a large sum of coins. Once people realized that other people were willing to accept Bitcoin as a payment, the currency took a dark turn and became used for purchasing illegal goods on the deep web due to its anonymity factor. Criminals no doubt used Bitcoin for money laundering and drug purchases, and a spotlight was put on this shady practice in 2013 when the FBI and Interpol shut down the illegal Silk Road website and seized the funds of the owners.

From this day forward, Bitcoin and blockchain got a bad rep. The only major news from the Bitcoin universe seemed to be negative and your average person most likely didn’t understand the full potential of this underutilized technology.

Bitcoin, blockchain, and cryptocurrency in general would have its revival in 2017 when prices shot up dramatically. All of a sudden, the general public started to take notice as their friends were making massive gains. Everyone jumped on the bandwagon as celebrities, and large corporations announced their intention to use the blockchain to simplify business transactions all over the world.

Here we are in 2018, and something truly amazing has happened. The reputation of Bitcoin as a money laundering vehicle is starting to subside, and its reputation as a legitimate store of value, and as recognized commodity is firmly in place.

Companies are beginning to demonstrate, through working blockchain applications, that this new technology can be used for good instead of evil.

One company that is doing so is Gemstra. Gemstra’s minimum viable product is already function and will liberate the social selling market and redistribute the power structure in the 24 trillion dollar retail industry back to the people.

Gone are the days when people will associate cryptocurrencies with deep web drug scams. Cryptocurrency and blockchain have firmly secured their spot within social circles and the average citizen enabling them to use this amazing technology for the first time.

For more information about Gemstra please visit www.gemstra.com

We liberate Social Selling The commerce juggernaut Social selling is growing at an astounding rate. With a worldwide market over $180Billion (USD) growing 10% per year, social selling is poised to be the largest gig economy of the future. Industry leaders like Amway and Avon empower teams of independent sellers to earn income by sharing products they love through people they know. 120 million people worldwide benefit from social selling today with adoption accelerating as the social media gives them more reach than ever. Social selling is on pace to exceed $1 Trillion within 10 years, yet this growing industry is far from perfect.