How can blockchain improve the online marketplaces industry
A short comparison between the online shopping mechanisms of today and Buzar - an innovative project meant to change the way people buy and trade
Recent data shows that during the last years, we’ve been buying more and more online. Regardless of age, location or social status, the online marketplaces have tremendously grown in popularity. We all love to buy or trade things online because this mechanism has a lot of benefits (unlike traditional store shopping): it can be done at any hour of the day, in any week; it’s extremely easy to access and pay for the goods you choose (think of mobile platforms, payments through credit/debit card or Paypal etc); there is a high variety of products; buying from abroad is not a problem anymore.
However, the current system of marketplaces still have a few disadvantages that have not been addressed yet:
- It’s hard to obtain the buyers’ trust when you rise up as a new platform/online shop; there have been many frauds over time and in the end, customers had only to lose
- Consequently, the support offered by these marketplaces is really frail
- Not all reviews and ratings found online are actually true or accurate
- When selling something on a major platform, the fees can be extremely high (maybe even more than 10 percent); these costs affect the seller and the buyer, as well
- Sellers can have a really hard time respecting the strict administrative policy of such modern-day marketplaces; many businesses are often unable to fulfill these requirements because they start with limited human resources and cannot comply to this complex set of rules
To address these issues and improve the current state of today’s online marketplaces, BUZAR was created! This revolutionary project aims to develop a universal trading system, in which all people will be given the exchange values, buy products, or sell something. All these, without the need of using middlemen.
Through the adoption of Blockchain technology, BUZAR will permit the usage of smart contracts - probably the best way to keep track of all transactions and offer a transparent process, to all parties involved. Unlike today’s marketplace, BUZAR will enable individuals who join this platform acquire goods and services from different suppliers or companies (real estate ads, jobs ads, etc). Thus, the users will find all their needs fulfilled, in a single place.
● Smart contracts will completely remove any chance of fraud (at all steps of the transactions)
● A unique transaction guarantee service will be in place: sellers will receive the payment for a certain good they offered only after the order is finalized and the goods are transferred.
● If disputes should come up, BUZAR will operate as an arbitrator
● BUZAR will operate in three main directions, after its launch: client to client, business to client and business to business.
Moreover, BUZAR will have a second component that will operate as a social platform (video sharing, encrypted instant messaging, etc). To learn more about this project and understand the ecosystem it creates, feel free to visit https://buzcoin.io/ and browse through the latest version of the white paper. You are welcome to join Telegram group also.
Buzar is a new online platform where any Internet user can find the most important thing he is looking for in the network: a boyfriend or a girlfriend, arrange a private life, make new acquaintances, find old friends, business partners and associates, get away from loneliness, which is so much in the modern world.
blockchain will make live so much better
Blockchain technology is the future of social media. thank you for sharing such a great and detailed post.
As people’s need for communication is growing.
BUZAR platform is an integrated ecosystem where the functions of a trading platform and a communication service are realized simultaneously.
BUZAR tends to combine communication and electronic commerce to form a unified platform on the Internet. Where communication is possible and also a universal supermarket of goods and services in the domain of e-commerce.
BUZSOIN is a crypto-currency, the settlement unit of the BUZAR blockchain platform.
The longer the blockback is going, the better quality.BUZAR is an awesome project that uses blockchain technology. Launched by one of the most popular celebrity in Russia - Olga Buzova, it already has a million of supports especially youths who support their star and are fascinated by cryptocurrency and blockchain technology. Its popularity and community of fans will allow it to do two things: to make this idea a reality and to disseminate advanced technologies to a wide audience. Hopefully, this would be used globally.
You’re totally right , all has been said and explained by you, transparency is one thing the online marketing needs and blockchain the decentralized technology is the solution. Cutting off middlemen and taxes , fraud and non transparency. Thanks for the insight my friend
Blockchain can improve the online marketplaces industry as blockchain is the most powerful and secure platform. And i appreciate the activities of BUZER platform. My thoughts it is the arms of blockchain network. As the revolutionary platform aims to develop a universal trading system where people can buy products and sell something. The idea is really effective. Thanks a lot sir @danizaharie for the valuable blockchain based analytic content.
functionality BUZAR platform will have:
#Social network. Users of the network will be able to create communities and groups, personal and public pages, find new friends, partners and share notes and impressions.
#Instant messenger. Text messaging, calls and video calls. It will also be possible to send private messages through encrypted channels. The possibility of anonymous exchange of messages, calls and video calls over encrypted channels will be implemented.
#mplementing the app-in-app model: users will have access to the services of hundreds of companies and apps through BUZAR.
#Data transfer: you can send files, photos and documents to your friends and partners. And still it will be possible to place video content and to carry out stream!
#Music service. Users of the platform will store, reproduce, and publicly distribute audio files, and performers and copyright owners will post their content and receive a fee for its use.
#Events. Purchase tickets for concerts and other events.
That was such a great thing and great revolutionary service. Appreciate about this future technology.
#information collected.
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This is a great news for specially person like me who always struggles to buy and sell products and services due to hassle of linking credits and debit cards...I still remember it took long time for me to create paypal so I can sell and buy products online internationally but realized it charges for conversion was too high which makes bussiness less profitable and it is even very complex and restricted by state rule and regulations.
I will definitely use blockchain platform @Buzar which will solve my problem as I mentioned above where there will be no high charges problems and restriction policy.This a great innovation in the blockchain marker for seller and buyers in the world of blockchain market.
Thanks for making us aware of every innovation in blockchain platform @danizaharie