MEWcoin - an ecosystem for the $1 TRILLION USD Meetings, Events and Weddings (MEW) industry to transact with trust online. Commissions can be paid using blockchain smart contracts - no need to chase payments. MEW industry software companies can plug into our framework and monetise their products for frictionless commission gathering.
By mitigating the trust issues between customer, booking agent, suppliers and venue business in the trillion dollar Meetings, Events and Weddings market. Currently payments to concerned parties are handled manually, often requiring invoicing and chasing. MEWcoin enables a contract which links parties together and allows payments to be triggered automatically on completion of specific tasks.
i. Customer -> can pay deposits, scheduled installments or the full balance without handing card details over.
ii. Agents -> can manage a booking and will receive commission on successful payment(s) by customer.
iii. Supplier -> can automatically be notified and bound in to a smart contract payment structure, reducing paperwork and saving time for all parties.
iv. Venue Business -> receives funds immediately, does not need to manage installment receipts, manually pay supplier fees or pay agent commissions.
vFloorplan has been trading since 2014, and we have already built up a great client base and brand for our flagship product, vFloorplan 3D, in use on our client's public websites over the past 4 years. On the back of our reputation in the market we now have several hundred venues signed up via their management companies who wish to join us (shown in lightpaper). By doing this they will also be enabled for the MEWcoin ecosystem.
Furthermore we have partners who can bring thousands more businesses into using our products and the ecosystem. The opportunity for them is obvious: reduced transaction fees and transparency for their bookings and commissions.
The goal of MEWcoin is to become the de facto transaction system for this sector, not because it replaces monetary transactions alone but because it offers a richer, smarter transaction system entirely.
Steven Markham founded Cubicspace Group software development company in 2000 and is CEO. Steve Baker decided to leave the computer games industry in 2007 and was hired by Cubicspace as Lead Programmer, later being promoted to CTO.
In 2014 we co-founded vFloorplan Ltd because we decided simplifying venue booking systems with a floorplan was a viable business venture. We are both still directors of Cubicspace.
1. Not moving quickly enough ahead of potential competitors in this sector of the crypto market.
2. Not growing our reach through partners rapidly enough resulting in lack of choice for customers.
3. Not getting enough customer/agent/supplier buy in due to lack of features.
4. Maintaining liquidity for token-fiat exchange in the face of crypto market price fluctuations.
5. Load on the Ethereum network impacted if we increase transaction volume requiring migration to our own blockchain.