Tackling disintermediation Sample Clauses

Tackling disintermediation. We recognize that when moving to a commission based model then processing payments for repairs, disintermediation poses a threat to our revenue. To address this we will broker deals with the repair shops that are more competitive than to what they offer in store. We will enforce this via a service level agreement which may result in the shop being taken off our site if seen to be violating this. In addition to this, we will create a loyalty program for customers who use our service, creating a program that spans multiple businesses poses its own challenges, for this reason, we will be utilizing Blockchain technology specifically the Ethereum network. We have already created the utility tokens required to be used with our system. One billion Repair Village Coins have been created; this number is fixed and no more may be created. It can be viewed on the Ethereum Blockchain here. xxxxx://xxxxxxxxx.xx/token/0xffb19d540d842244a1642c35e46ecf9919bc8fe7 The smart contract was created by Mohamed Kasseum using the solidity programing language, this will allow users to receive, send and trade tokens that have been collected over time. Although customer loyalty programs are not new they have a proven track record of retaining customers, we feel that building ours around the Ethereum network enhances and brings further benefits to the customer and our business. We plan to create Repair Village Rewards section of our website; this will be in addition to our current website and will be the place where customers can spend Repair Village Coin in exchange for discounted repairs, gadgets and phone accessories. Due to the nature of the token customers will be able to do whatever they wish to with their Repair Village Coins, whether this is using the marketplace to exchange for items, giving them to a family member or friend who requires a device repair and possibly even trading their tokens for cryptocurrencies or even fiat currency. This gives the customers options! Making their rewards more valuable to them and in turn encouraging sales via Repair Village. We are simply utilizing the applications of this technology to enhance our core business, the founder has had a keen interest in this area for many years, and his knowledge has allowed us to build our utility token on an existing established network. It is also important to make aware that this token currently has no value, the only value it may have in the future will depend on the rewards available. This is solely desig...
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Related to Tackling disintermediation

  • Scope, Consultations, Mediation and Conciliation Disputes between the Contracting Parties concerning the interpretation or application of this Agreement shall, as far as possible, be settled amicably or through consultations, mediation or conciliation.

  • Alternative to Litigation 13.2.1 The Parties desire to resolve disputes arising out of this Agreement without litigation. Accordingly, the Parties agree to use the following Dispute Resolution procedures with respect to any controversy or claim arising out of or relating to this Agreement or its breach.

  • Optional Mediation The Parties may mutually agree to non-binding mediation:

  • Mandatory Mediation Prior to and as a condition of either Party’s filing suit in state or federal court, the Parties shall engage in a mediated settlement conference in accordance with the North Carolina Superior Court Rules Implementing Statewide Mediation. The Parties shall mediate in good faith until settlement is reached or an impasse is declared by the mediator.

  • Conduct of Mediation Sessions Mediation hearings will be conducted in an informal manner and discovery will not be allowed. The discussions, statements, writings and admissions will be confidential to the proceedings (pursuant to California Evidence Code sections 1115 through 1128) and will not be used for any other purpose unless otherwise agreed by the parties in writing. The parties may agree to exchange any information they deem necessary. Both parties shall have a representative attend the mediation who is authorized to settle the dispute, though City's recommendation of settlement may be subject to the approval of the Mayor and City Council. Either party may have attorneys, witnesses or experts present.

  • Conduct of mediation In consultation with the mediator, the parties will determine a location, timetable and procedure for the mediation or, if the parties cannot agree on these matters within 7 Working Days of the appointment of the mediator these matters will be determined by the mediator.

  • Paid Claims without Supporting Documentation Any Paid Claim for which Practitioner cannot produce documentation shall be considered an error and the total reimbursement received by Practitioner for such Paid Claim shall be deemed an Overpayment. Replacement sampling for Paid Claims with missing documentation is not permitted.

  • International Olympic Committee; International Red Cross and Red Crescent Movement As instructed from time to time by ICANN, the names (including their IDN variants, where applicable) relating to the International Olympic Committee, International Red Cross and Red Crescent Movement listed at xxxx://xxx.xxxxx.xxx/en/resources/registries/reserved shall be withheld from registration or allocated to Registry Operator at the second level within the TLD. Additional International Olympic Committee, International Red Cross and Red Crescent Movement names (including their IDN variants) may be added to the list upon ten (10) calendar days notice from ICANN to Registry Operator. Such names may not be activated in the DNS, and may not be released for registration to any person or entity other than Registry Operator. Upon conclusion of Registry Operator’s designation as operator of the registry for the TLD, all such names withheld from registration or allocated to Registry Operator shall be transferred as specified by ICANN. Registry Operator may self-­‐allocate and renew such names without use of an ICANN accredited registrar, which will not be considered Transactions for purposes of Section 6.1 of the Agreement.

  • Mediation Services If we are unable to resolve the problem, then either party can contact the Department of Labour Mediation Service (a government department) for free assistance. The mediator will try to help us resolve the problem, but won’t make a decision as to who is right or wrong unless both parties want this.

  • Mobile Banking Transactions At the present time, you may use Mobile Banking to: • Transfer funds between your savings, checking, and Club accounts. • Make loan payments from your savings, checking, and Club accounts. • Obtain account balance and transaction history on your savings, checking, and Club accounts. • Obtain information on your loan account balance, transaction history, payment due dates, loan payoff amounts and finance charges. • Make xxxx payments from your savings or checking account using the Mobile Xxxx Xxxxx service . When you register for Mobile Banking, designated accounts and payees (or billers) linked to your account through Online Banking will be accessible through the Mobile Banking service.

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