But in this case scammers can act on the buyer side. For example, I bought something, it was delivered but I say that is was not and ask my money back. How are you going to solve this problem?
Gem4me Market Space is hosted via the blockchain. All recordings and transactions are stored indefinitely, and adding to them costs GMC tokens. This means GMC tokens pay for blockchain-recorded actions like:
a. KYC Verification.
b. Review authenticity verification.
c. Leaving feedback that affects user reputation.
d. Store transactions that count towards Back4Cash eligibility.
e. Past purchases, sales and other transactions.
f. Credit scores and payment histories affecting the ability to get and give credit.
g. Using blockchain technologies helps protect Gem4me Market Space and the users inside it from counterfeit goods, malicious retailers and data manipulation.
As you can see blockchain offers a way to get a good feel on the level of trustability each party has within Market Space platform (meaning both buyers and merchants), having in mind that KYC completion will be required for all users and merchants prior to entering the platform, there will be full transparency in terms of all identities for every party on the platform.
Of course, no one can give you a 100% guarantee that some particular user has no fraudulent intentions and won't try to go out and attempt theft, but since every piece of information is stored and transparent on the blockchain, there will be a way for the seller to prove the product was actually delivered, assign the scammer negative rating or even go for legal prosecution of the scammer. Regulation is coming to the market. Welcome the good news.