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Author Topic: Decentralized marketplaces will put Amazon out of business  (Read 445 times)
magneto
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November 16, 2018, 11:25:40 PM
 #41

It is the middlemen who currently run this world.

Easiest way to make money.

1. Find a product that's valuable.
2. Buy the same thing at a lower price by purchasing in large quantities.
3. Sell individual units at a profit.

The giants Amazon, Alibaba, Costco, Walmart, ETC. all exploit this tried and true method of creating value.

I also sell products wholesale on Amazon and can tell you from experience this works. Anyone can do it.

The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

Everything would be cheaper and more accessible.

In a perfect world, we'd have decentralised marketplaces like this as you mention. But honestly I doubt that it's going to be feasible in the near future. I absolutely agree with avikz as well. A decentralised marketplace doesn't necessarily mean that you're directly interacting with the manufacturer.

It'll be hard to disrupt this market due to people's familiarity with dealing with centralised marketplaces. Also, how exactly will the middleman be cut without having holes in the system that is open for exploitation will still need time to develop, imho.

What I think is most likely is that the traditional marketplaces will in fact respond to increased crypto adoption by integrating it into their services further, such as accepting it as a form of payment or even using blockchain as a ledger to keep records. But a truly decentralised marketplace seems like a far fetched idea for now.
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November 17, 2018, 01:35:08 AM
 #42

Amazon and other e-commerce forms are still the trend of today's market. They still find ways to optimize their work to maximize profits. So now to overcome them with a new method that requires breakthroughs and more.
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November 17, 2018, 02:33:40 AM
 #43

In reality, if this happen; it will displace Amazon and other giant in the middleman business. A decentralize market place will put the middleman into check which is unavailable at the moment but with the help of the Blockchain technology there will be a freedom for all. The advent of Blockchain acceptance and adoption will put all the big wings out of the business.

I'd go along with that. Amazon is really a society cancer, i think that sooner of later, Amazon will be kicked out of decentralized marketplaces.
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November 17, 2018, 04:29:39 AM
 #44

Amazon is the big business so decentralized nature of crypto is not harmful for that and crypto market is expanding so it will reach to every root of the business, decentralize is causing the currencies more volatile and in these days bitcoin is capturing the whole world so little time will be required for the whole market to use bitcoin for transactions.

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November 17, 2018, 06:17:15 PM
 #45

It is the middlemen who currently run this world.

Easiest way to make money.

1. Find a product that's valuable.
2. Buy the same thing at a lower price by purchasing in large quantities.
3. Sell individual units at a profit.

The giants Amazon, Alibaba, Costco, Walmart, ETC. all exploit this tried and true method of creating value.

I also sell products wholesale on Amazon and can tell you from experience this works. Anyone can do it.

The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

Everything would be cheaper and more accessible.




That could happen, but I do not believe that we are going to be alive to see it, that kind of transition doesn't happen in such a fast way, it takes time not only because the technology needs to be developed and because people need to begin to adopt this new technology, it takes time because those big businesses are not going to give up what they have accomplished without a fight.



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Rainbot
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November 20, 2018, 09:48:04 AM
 #46

Everything can happen in crypto but amazon is hard to out because that is a big company business online but if amazon accepting crypto as a payment , Amazon will become popular like others that keep accepting bitcoin as a payment. And about the buying directly to the owner of the product is really a big saving to us because the owner can give you a big discount if you buy bulk.
There is actually no way at all that we can even get to put some big companies out of business, and that is already way too much. There have been competitions already all over the world, so there is always a whole lot to go around when it comes to the ecommerce world.

It is understandable that times are changing, decentralization as well as blockchain technology is also hitting the ecommerce space as well, but you really think Amazon or other big businesses won't be looking into that already. Innovation is always going on everyday just to stay on top of the ladder, and I am sure once you are there, it would really take some pride only and comfort zone level of thinking to get pushed down.
Market places have been evolved on internet now. Ecommerce has initiated this war between companies to make challenges and competitions to other combines through internet.
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