The Synced Global Peer to Peer Marketplace

Why a synced peer to peer marketplace?

Current marketplace and business structures are very static in the way interact with one another. For example, you can create a store on Amazon and create a website using shopify to list and sell your products. But it will not be synced at large, you can’t easily track data and automate processes as it’ll take a lot of resources and an increase in overhead costs to get everything working in order.

Benefits of a synced peer to peer marketplace on the blockchain:

• Significantly cheaper to list products on many sites and track inventory as well as payments.

• Automation with smart contracts means automating complex tasks that were never possible before, cheaper and faster customer interactions.

• Receipts and data is stored publicly on the blockchain, this means that customers always have proof of purchase.

• Non fungible token rewards and trades.

• The blockchain/smart contract technology is ever improving and is redefining what we know as traditional value exchange.

• Highly scalable as it uses distributed computer technology to leverage the load, meaning no down times and dynamic resource allocation.

• Import and Export products from other stores and market them your own way with a markup.

Import/Export Of Products

One of TradePorts features is the ability to import and export products and services from other marketplaces created on TradePort. This creates a positive incentive create marketplaces to add products and services, it also creates an incentive for others to sell your products and services through their proxy marketplaces. The creators of the proxy marketplaces can add their own markup to the prices in order to gain a profit. Thus creating an incentive to both parties and will enable TradePort to grow rapidly as a global marketplace.

Import and Exporting using TradePort marketplaces vs traditional web 2.0 has the benefit of automating transactions, that and with the power of the Karma decentralised global customer service component, you can fully automate everything from start to finish.