Blockchain with its foundational technology has provided advantages – Decentralization, Immutability, Security, and Transparency and this created revamp for all industries leading to new opportunities for any domain. Blockchain has been leading the edge in recent days with its nature and leading the edge to create a shift in direction for major industries, online applications, digital projects, startups, and enterprises.
Today’s digital era requires information to be available more quickly and easily, along with greater transparency, this could be achieved successfully with Blockchain Technology. The Ethereum network is one of the largest and most used blockchain networks, it represents a great place to develop your blockchain products. Transforming MLM business into a decentralized ecosystem, using smart contracts on Ethereum will help to foster greater efficiency among complex business statuses and interactions.
Multi-level Marketing, popularly known as Referral Marketing or Network Marketing, has been a cornerstone incentivizing users to earn money through their various programs. Companies involving in offering MLM platform to users incentivize their users for referring them to their friends, family, or anyone in the network, this creates an opportunity for the company to involve users around the world with a common interest to benefit the company and subsequently earn money from various opportunities offered in the MLM programs.
DigiXHub is involved in the development of Decentralized MLM commonly know as dApp for Multi-level Marketing with its experience in blockchain development and creating smart contracts for various dApp projects.