Hello
We are looking for pitfalls in the creation of a marketplace based on the blockchain.
We first had an idea to create our own marketplace after the success of Boomstarter (
https://boomstarter.ru/), , a crowdfunding platform where small-scale productions and startups find crowdfunding for their projects. There are cool projects which create great goods. They get an investment, and... they need to sale that somewhere.
However, e-commerce has limitations:
1. Taxation. Legislation regulates currency and official operations.
2. Work & trust. Btw it's a serious problem for buyers: they don't want to buy anything on the Internet because they are afraid of one thing: they will pay but they will not get goods. There is no guarantee that they will not deceive, there are one milliom stories of every kind of unfair sallers. Yes, big marcketplaces (like Ebay or Amazon) solve problems of payment through a dispute, but no one wants to pay, wait, wait again, open a dispute, wait again... time presses, but not money, not goods. Buyer is disappointed and going to offline-shop.
And we want to create a marketplace, which solve those problems. This is a marketplace, where anyone can create and manage an online store – with our help. We are offer our clients a full-fledged hybrid store constructor that not just provides the tools to create an online store, but also sports a full set of crucial business features and full integration with many third-party services and platforms. And, of course, the most important features are Payment by cryptocurrencies and Smart-contracts.
Over the 5 years since its creation, Boomstarter helped fund over 1,500 projects that subsequently became full-fledged, profitable business ventures.
We think, this idea eliminates the disadvantages of e-commerce. Look at this:
1. Many states do not regulate cryptocurrencies, and operations with crypto currency are not taxed.
2. Integrated smart contacts make transactions extremely fast and secure. The smart contract ensures that the money goes to the seller when and only when the buyer confirms the delivery. As a result, the buyer makes the payment only once their order arrives, which increases the service’s trustworthiness and makes shopping online a more convenient experience.
What do you think about it? What pitfalls there are? What are the shortcomings? Would you develop this direction?
