Online Service For Sharing Economy Without Intermediaries


Posted January 27, 2018 by originprotoco

Origin Protocol is for generating Bitcoin sharing economy marketplaces without intermediaries. Our protocols makes it simple for buyers and sellers make the listings for the fraction utilization of assets and services.
 
About Crypto-currency:
Simply speaking; blockchain is an ever growing list of records that are linked and secured by cryptography. Ethereum can be one of the most powerful modes of transaction in the present digital currency scenario. This is one of the crypto-currencies or digital currency that would be cashless. Many transactions today take place using this currency. The major advantage of these transactions would be their anonymous nature. The payments can be made anonymously for purchases of products and even for services.

Online services for sharing economy without intermediaries:
There is a growing demand for safe mode of transaction through crypto-currency. There are online services that create a platform for the developers and businessmen for reliable crypto-currency transactions. Logging on to https://www.originprotocol.com/ the aspirants can get access to the protocol that simplifies fractional usage of assets and services. The beauty of this service is the buyers and sellers would be able to recognize each other while making transactions. The aspirants can view listings, make reservations or bookings and also provide their ratings. The concept is widely known as sharing economy marketplaces. This can be a great attempt to avoid intermediaries that get almost 20 to 30% as transaction fees. Thus connectivity between buyers and sellers using Ethereum would be enhanced for proper trust building.
Changing trend:
The online services make the process that can be actually called as “sharing economy”. When there would be intermediaries between a buyer and seller or service provider and consumer; they would not know each other. Therefore the intermediaries gain from both the ends just to club them together at the right time. Over the last two decades the economy has switched from a centralized organization to the users that connect to each other through the platforms. Presently, we are moving towards a decentralized model where large operators would arrange the resources to provide particular service to a group of active people. This online service can be a great example of this upcoming trend in the recent economic scenario. This new generation of decentralized and dematerialized organizations may operate without offices, people and belongings.

Role of blockchain technology:
Blockchain technology enables users to interact in much decentralized manner as they can govern without any interference from the third party or intermediary. While using Ethereum blockchain the listings are managed through a neutral third party. Thus the buyers and sellers would never need to spend 20 to 30% as transaction fees; in fact this value can be shared among them.

The users can make secured payments from one party to other. There is a lot of scope for innovation for developers and businessmen due to open and shared data. The parties can verify identities make reputation checks through the data available on the blockchain.

Who can join the revolution?
Any small to medium scale business or even a freelancing individual such as professional photographers, beauticians, real estate agents, contractors, property owners looking for tenants, catering services looking for party orders and even educational institutions can start their business with the online service. Making business on the decentralized web would be simplified by the online service.
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Issued By Origin, Inc.
Country United States
Categories Business
Last Updated January 27, 2018