Science Blockchain backs Spl.yt to help scale e-commerce smart contracts

Science Blockchain, a startup development firm investing in blockchain technology companies, today announced it is backing Spl.yt, a smart-contract protocol that aims to bring efficiency, security, and transparency to a new, decentralized e-commerce ecosystem. Science Blockchain is supporting the project with access to business development, marketplaces, and marketing support.

Spl.yt’s top smart contract capabilities include an automated global inventory system, fractional asset ownership and management, inter-marketplace reputation tracking, fair dispute resolution system, and automated affiliate marketing rewards.

Science Inc., which boasts a portfolio of both e-commerce technology companies like Dollar Shave Club and blockchain-based start-ups such as 8Base and SpringRole, is well versed in the e-commerce and blockchain landscape. Science said it is excited to add its perspective and experience to Spl.yt’s mission that aims to bridge the gap between the two industries.

[perfectpullquote align=”full” bordertop=”false” cite=”Spl.yt CEO, Cyrus Taghehchian” link=”” color=”” class=”” size=””]“We believe that people transacting online deserve a more efficient, transparent, and secure e-commerce system. That’s why we’re decentralizing online shopping to empower buyers and vendors with tools to transact without relying on costly intermediaries. Given Science Blockchain’s knowledge, experience, and relationships within the blockchain and e-commerce industries, we felt that working with their incredible team was a perfect match.”[/perfectpullquote]

All of the mentioned features of Spl.yt are powered by blockchain, assuring anyone who buys or sells things online that they will have the fairest and efficient e-commerce experience possible.

[perfectpullquote align=”full” bordertop=”false” cite=”Mike Jones, co-founder & CEO of Science Inc.” link=”” color=”” class=”” size=””]”E-commerce has long been mired by middlemen who take a cut of each transaction and make their money simply be being connectors. Spl.yt’s decentralization of e-commerce means better prices for buyers and more reach for sellers. We’re thrilled to combine our blockchain and e-commerce expertise to build this business.”[/perfectpullquote]