Product Listing and Management
The Product Listing and Management process within the Dropshee Ecosystem is a structured procedure designed to ensure the integrity, quality, and reliability of product listings. This process is facilitated by the Product Catalog Contract (PCC), which is central to how Product Stock Providers (PSPs) interact with the ecosystem. Here's a step-by-step overview:
Initiation by the PSP: A Product Stock Provider (PSP) decides to list a product in the Dropshee Ecosystem.
Submission & Token Locking: The PSP submits detailed product information to the Product Catalog Contract (PCC). This includes product descriptions, pricing, references to images, available stock for each variant, shipping details, and any other relevant metadata. The PSP allocates the required locked amount of Dropshee tokens to the listing.
Quality Assurance Check: Upon submission, an initial check may be conducted automatically by the system, or a Quality Assurance Custodian (QAC) may review the listing for compliance with the Dropshee Ecosystem's standards. This ensures that all listings meet the platform's quality criteria.
Listing Activation: Once the product listing is approved, the listing is activated on the Dropshee platform. The product becomes visible to Digital Retail Agents (DRAs) and consumers, ready for marketing and sales.
Product Listing Locked Value
The PSP is required to maintain a minimum of Locked Value to maintain the Product listing active.
Payment Disbursement Options
The Dropshee Ecosystem offers Product Stock Providers (PSPs) flexible Payment Disbursement Options, allowing them to choose the most suitable method for receiving payments for their products. These options are designed to balance the financial flow within the ecosystem, catering to the varying needs of PSPs while ensuring a trustworthy and efficient transaction process for all parties involved.
Advanced Payment Release: PSPs opting for this configuration receive the full payment in advance, before the order fulfillment process begins. This option is particularly beneficial for PSPs requiring upfront funds to manage inventory and logistics. However DRAs will perceive this as a provider of high risk.
Split Payment Fulfillment: This option divides the payment into two parts. The first half is released upon order fulfillment, providing PSPs with immediate cash flow to cover partial expenses. The second half is disbursed once the end customer receives the order, ensuring that the PSPs are motivated to complete the delivery process efficiently. DRAs will perceive this as a provider of medium risk.
Post-Delivery Payment Release: Under this configuration, the full payment is held until the customer confirms receipt of the order. This option offers the highest level of assurance to DRAs and their customers, as payments are only released upon successful delivery. DRAs will perceive this as a low risk provider.
To facilitate these Payment Disbursement Options within the Dropshee Ecosystem, stable coins can be integrated into the smart contract mechanisms. Stable coins, which are cryptocurrencies pegged to a stable asset like fiat currency, offer a reliable and consistent value exchange, mitigating the volatility commonly associated with cryptocurrencies.
Deduction of Tokens Locked due to Quality Assurance Measures
If a Quality Assurance Measure (QAM) is initiated in response to a Quality Assurance Flag (QAF) raised against a product listing, the Product Stock Provider (PSP) is obligated to address the identified issue. This resolution process might involve updating the listing with accurate information, enhancing the product's quality, or taking other corrective actions as specified by the Quality Assurance Measure (QAM).
Part of the locked tokens will be allocated as a fee for managing the Quality Assurance Flag (QAF) and will be distributed as compensation to the Quality Assurance Custodians (QACs) who played a role in initiating the Quality Assurance Measure (QAM).
This distribution rewards Quality Assurance Custodians (QACs) for their diligence in maintaining the ecosystem's standards. Additionally, this ensures that the process of raising and addressing QAFs is sustainable and incentivizes continuous oversight and improvement within the marketplace.
Depletion of Locked Value and Deactivation
In instances where the locked tokens are depleted or fall below a predetermined threshold, the product listing becomes inactive. This deactivation serves as a safeguard, ensuring that only those listings that adhere to the platform's quality standards and have sufficient assurance backing remain active and accessible to Digital Retail Agents (DRAs) and consumers.
Reactivation of the Product Listing
The severity and nature of the Quality Assurance Flags (QAFs) raised against the listing, along with the subsequent Quality Assurance Measures (QAMs) taken, play a crucial role in determining the path forward for a Product Stock Provider (PSP). Should a listing become inactive due to depleted token values, a PSP has the opportunity to address the underlying issues highlighted by the QAFs and QAMs.
To reactivate an inactive listing, the PSP is required to inject additional locked value into the product listing. The amount of tokens needed to unlock the listing and make it active again may vary, reflecting the severity of the issues that led to its deactivation.
By adding more locked tokens, the PSP demonstrates a commitment to resolving the identified problems and aligning the product listing with the ecosystem's quality and compliance expectations.
Deactivating the Product Listing
The PSP has the option to unpublish or set the listing to inactive at any time, thereby reclaiming the locked tokens. However, to retrieve the locked value, all outstanding orders must be fulfilled and completed.
Flow Diagram: Representation of the Product Listing flow & QAF resolution
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