USE YOUR ENERGY - ECM STORE

USE YOUR ENERGY TO PURCHASE ANYTHING

One of the main objectives of Energy Coin Market is to change the way we think about energy. Wouldn't it be amazing to generate it yourself and use it to purchase your desired products or services? This possibility is granted to you by the ECM ecosystem. ECM/STORE is a mechanism that, through e-commerce solutions, allows a different use of energy, turning it into purchasing power. Users can easily exchange EC energy for available products without the need for a credit card or a traditional account.

The business model applied in building the ecosystem will uniquely impact the product offering. Following ECM's policy, our store will primarily offer products and services produced by members of SDT clusters. This will increase attractiveness and guarantee new markets for units that decide to use modern zero-emission energy generation systems available in ECM. Our cluster's offerings will be supplemented with a wide range of products not manufactured by ecosystem members. Paying for products with clean, ecological energy produced by the same energy source may lead to a faster achievement of a sustainable economy.

To streamline logistics processes in ECM/STORE, an original sales method will be applied – DROP SHIPPING. In this model, the store's mechanism takes care of marketing, collects orders from customers, processes payments, and forwards orders to suppliers offering specific goods. This solution, based on modern mutual outsourcing services, will on the one hand reduce sales costs and on the other hand minimize storage costs. The sales mechanics of the ECM/STORE platform will be supported by artificial intelligence, which, based on data collected from the ecosystem, will adjust customer groups, create targeted marketing campaigns, and season the offered products.

Digital technology (sales digitization) significantly reduces transaction costs. For the ECM ecosystem, the scale of these savings is doubled. Thanks to the applied business model, users benefit from transaction cost savings related to the production, transmission, and trading of energy compared to the traditional way. Allowing the purchase of various products and services in exchange for energy avoids additional transaction costs associated with conventional product purchasing. In this way, the Energy Coin Market ecosystem has applied blockchain technology to reduce all transaction costs and overcome barriers to the development of service activities, in line with the goals of the European Services Directive.