My Entry for the BCShop.io Contest Organised by @Mediaworks.
Image source
BCShop.io is a platform where cryptocurrency is utilized in the purchase of goods and services aided by Blockchain technology. The sales of these digital products and services is based on smart contracts on the Ethereum Blockchain.
BCShop.io allows vendors to interact and trade with Ethereum cryptocurrency as means of token exchange by allowing these vendors publish information about goods and services and customers to purchase these products with the same cryptocurrency. buyers create sale offers as well as buying products with the use of MyEtherWallet which is one of the most popular Ethereum wallets.
The project was a result of solving P2P trading and service providing problems with the use of Blockchain technologies. Current payments system too many middle-men and imposed restrictions hence the need for a means to better suit direct seller-buyer interaction with the use of Ethereum smart contracts.
Given its nature, using BCShop.io requires no special software and no capital investment on the vendors part. This alongside a decentralized data storage helps to make it a popular marketplace.
MY DESIGN
To explain why i chose to do this design,i would employ the the help of a user-case. Mr Tawfeeq is a vendor who trades in goods and services. Before now, whenever he runs out of goods to sell, it is usually very cumbersome for him to replenish his storage stock having to utilise physical cash to buy before he trades. Now with the aid of Ethereum smart contracts and a market hub like BCShop.io it is easier for him to purchase his goods and services with his ETH in his EtherWallet. It now becomes possible for his customers to visit his shop and trade with the Ether cryptocurrency as well as other tokens he might consider utilising, say steem.
More Information & Resources:
- BCShop.io Website
- BCShop.io Telegram
- BCShop.io Twitter
- BCShop.io Facebook
- BCShop.io Steemit
- BCShop.io FAQ
- BCShop.io Customers FAQ
- BCShop.io Merchants FAQ
This is a contest by @mediaworks. For more details click here
@resteemator is a new bot casting votes for its followers. Follow @resteemator and vote this comment to increase your chance to be voted in the future!