The Decentralized Marketplace Is Here: What Does It Look Like
Decentralization has many implications for industries and people around the world. Reduced fees, increased efficiencies, removal of misaligned interests and layers of corruption and greed. But it's particularly interesting when it comes to a decentralized marketplace since the pioneers of the sharing economy now find themselves thrust into the spotlight. A decentralized marketplace allows for truly peer-to-peer transactions without centralized authorities taking their fees. This is made possible through blockchain technology and smart contracts. We no longer need the trusted third party verifying sellers and ensuring payments. We have a technology to do that for us now. This information was found by us on December 23, 2018 10:38 AM. Share this content on social media: You may want to visit coincentral.com for more similar content. Leave a Comment
Improving Trust and Transparency: A Look at 7 Decentralized Marketplaces
For one reason or another, decentralized marketplaces aren't currently a well-known or commonly discussed application for blockchain technology. But when you consider some of the things that make blockchain useful namely trustlessness and transparency blockchain-based marketplaces begin to seem practically inevitable. Centralized online marketplaces like eBay, AliExpress, and Craigslist require strangers from all over the globe to trust each other with what can sometimes be very large sums of money. Opportunistic scammers and fraudsters have, unsurprisingly, found a myriad of different ways to make a quick dollar at the expense of other users on the platforms, and customer support services commonly fail to make things right. This piece was first found by us on September 04, 2018 1:19 PM. Share this content on social media: Check out www.investinblockchain.com to find more similar content. Leave a Comment
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