Metta platform makes the next step forward: it introduces the block-chain technology in the relation of the service provider and a customer. It aims: – to propel seller-buyer relation to a new level with equal conditions for both sides. The service quality, but not the advertising budget becomes the key factor to make a deal. Clear payment system, based on smart contracts and automatic responsibility accept guarantees reliability of the services and allows to focus on the most important aspect — obtaining high-quality services or goods for competitive market prices. – to get true reviews. Only real client can comment on the service provided. The reviews will be stored in the block-chain forever. They cannot be deleted or corrected. You can always apply to the review writer with a built-in messenger. – to store authentic history of the service object. For example, repair and breakdown history in the case of car repair services.
«Uberization» (direct access for service providers and customers) and peer economy (joint usage of goods and services) are based on online aggregators, where goods and services are available in one interface without intermediary agent. The best-known Airbnb, Uber, Deliveroo, ZipCar, Spotify have achieved tens of billions capitalization within a few years and that is just the beginning. The Services help companies and business people to find clients and helps customers to get reasonable prices, terms and quality. According to PwC, globally the income from «Uberization» can reach 335 billion dollars by 2025, compared to 15 billion dollars today.
The built-in messenger allows you to quickly negotiate the terms of the order, show a pictures of a car damages (or other object of the deal) and learn about the quality of services from previous customers.
The platform enables customers to quickly find the provider of the desired service, and for suppliers it enables to receive additional customers. The task of Metta is to provide an opportunity for direct, rapid and secure interaction between customers and service providers.
Blocking technology allows us to organize safe transactions between the customer and the service provider, ensure the formation of a database of reliable reviews and store the real history of the car (or other object of the deal).
Given the general trend in the growth of purchases of goods and services on the Internet, reviews and ratings of service providers play a huge role for their customers. All currently existing systems of Reviews and Ratings are private and centralized. Data on such services is potentially subject to manipulation, both on the part of its owners and third-party stakeholders. Such content, generated by a centralized service, cannot be considered independent and objective. Most reviews in existing systems are anonymous. It is impossible to check if the person who left the review did use this service / product. All this negatively affects the reliability of information.
The total net cash flow of the project is calculated as a sum of the monthly net cash flows before tax and makes 570 470 000 USD for 5 years of the project realization. Positive net cash flow is expected in the first quarter 2020. The total amount to be invested is 15 085 000 USD with payback period 2,3 years (on the undiscounted net cash flow). Net present value of the project considering 5 years planning time-frame makes 128 152 000 USD, Terminal value in the 5th year is 492 833 000 USD respectively. Terminal value is calculated with Gordon Growth Model, taking into account the average growth rates of the automobile service market. Thus, the return rate is more than 400% (40x).