29 Nov '14, 10pm

Decentralized Markets Kills E-commerce Stars: OpenBazaar #bitcoin

Decentralized Markets Kills E-commerce Stars: OpenBazaar #bitcoin

The most simple agreement there is is the purchase of goods, but this is just the beginning. New templates for more advanced contracts are being designed by the OpenBazaar team and it will be possible to do things like Insurance Policies, P2P Insurance (think now that instead of getting insurance from one provider, you could have thousands of underwriters distributing your risk in very small chunks), Crowdlending, Crowdfunding, P2P renting (decentralized Uber, decentralized AirBnb), Whole sellers trading directly with retailers across the world and being able to find each other and transact without incurring listing fees or currency exchange inneficiencies making global trade more efficient than ever, or simply being able to list and sell anything you’d want to sell to others just by using an app.

Full article: http://bitcoinmagazine.com/18782/decentralized-markets-ki...

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