Boson Protocol and Outlier Ventures outline framework for decentralized ecommerce ecosystem

2021-4-28 19:10

CryptoNinjas » Boson Protocol and Outlier Ventures outline framework for decentralized ecommerce ecosystem

Following extensive joint research, Boson Protocol, the project building a capture resistant dCommerce ecosystem using NFTs encoded with game theory, and European venture capital firm Outlier Ventures, have released a formative report outlining the framework for the establishment of a decentralised commercial ecosystem, also known as a dCommerce ecosystem.

The report, titled ‘The dCommerce Stack: Disrupting commerce with a web3 ecosystem‘ specifically outlines how the unbundling of eCommerce will be achieved, and how this new ecosystem, fuelled by NFTs, will facilitate entirely new kinds of commerce.

“When we founded Boson Protocol, I wanted to build a system that would take the services provided by eCommerce monoliths and break them down into basic elements, which would create an entirely new decentralized commerce network that is more equitable, less beholden to behemoths like Amazon, and more competitive for consumers. Building out a collectively maintained infrastructure made up of smaller, composable services for commerce, we are now ready to make this theory a reality.”
– Justin Banon, CEO and Co-Founder of Boson Protocol

With interest in NFTs growing rapidly in recent months, the report pays homage to the potential of NFTs to change the way we do business. Allowing for the creation of tokenised commitments from buyers to sellers, instead of goods themselves, NFTs facilitate atomicity in dCommerce. These commitments can be thought of as futures contracts for goods or services, programmed within commitment tokens.

This report concludes that NFTs can be used to escrow the buyer’s payment and two-sided deposits upon both parties’ commitment to transact, which ensures that any trade that occurs in a dCommerce ecosystem proceeds as intended due to the fact that both parties have something to lose.

Recognizing the importance of collaboration, the report also calls for the collective innovation of the below stakeholders to facilitate the creation of the building blocks of decentralized commerce:

Research Groups – Boson Protocol will offer small bounties to those who break down dCommerce challenges into detailed research questions and proposed solutions

Web2 Platform and eCommerce Experts – Experts in platform strategy, channels, logistics, operations, and more are called upon to help further define dCommerce challenges and suggest best practices

dCommerce Projects – Boson Protocol will work with Outlier Ventures to create a dCommerce track within their Base Camp Accelerator program, which will focus on the creation of ecosystem projects

Token Engineering Community – As the scarcity of token engineers is a bottleneck for web3, Boson Protocol will support the education of new talent via a new token engineering curriculum, which will help advance the design of future tools for web3 and dCommerce.

“Boson Protocol is the cornerstone of a dCommerce stack, in the same way stablecoins were to DeFi. Their novel exchange mechanism allows for the first time digital-to-physical exchange to be possible, at scale, and it is one of the reasons why we became their first investor back in 2019. Working to build a commerce bridge between the metaverse and the physical world, this paper is Boson’s vision for how we can collectively make dCommerce a reality and it is an invite to a universe of academics, innovators, entrepreneurs, and investors to mobilise and make this happen without the need for central coordination.”
– Jamie Burke, CEO of Outlier Ventures

Earlier this month, Boson Protocol successfully concluded its public sale, raising $25.8 million, making $36 million the total amount raised by the project — one of the largest raises of the year by a company operating in the NFT space. The company has also made partnerships with industry players such as Ledger, Ocean Protocol, Eidoo, Royale Finance, Gather Network, Bridge Mutual, and Orion Protocol.

CryptoNinjas » Boson Protocol and Outlier Ventures outline framework for decentralized ecommerce ecosystem

Similar to Notcoin - Blum - Airdrops In 2024

origin »

INS Ecosystem (INS) на Currencies.ru

$ 0.1979 (-0.01%)
Объем 24H $624.573k
Изменеия 24h: -4.56 %, 7d: -11.35 %
Cегодня L: $0.1979 - H: $0.2037
Капитализация $6.433m Rank 999999
Доступно / Всего 32.5m INS

ecosystem framework boson ventures protocol outlier dcommerce

ecosystem framework → Результатов: 63


Фото:

UK Authorities Get Serious with Stablecoins, Set to Unveil Regulatory Framework 

The government of the United Kingdom is making active plans to transform the nation’s financial ecosystem and ultimately make the region a hotbed for innovative businesses. The government says it plans to formulate amenable regulations for stablecoin initiatives and central bank digital currencies (CBDCs), according to a statement November 9, 2020.

2020-11-11 22:00


Фото:

Elrond (ERD) Brings Decentralized Identities into Its Ecosystem with Ontology (ONT) Partnership

Elrond (ERD), has inked a partnership with Ontology (ONT) to enable its users to seamlessly access the latter’s decentralized identity framework and data management features. Bringing Decentralized Identities to Elrond Ecosystem In a recent blog post, Elrond CEO, Beniamin Mincu, announced that the network had joined forces with Ontology, a high-performance blockchain that focuses onRead MoreRead More.

2020-8-11 19:07


XR Web ICO

XR Web is pioneering the development of the spatial / XR web 3. 0 with a Decentralized framework to build applications that are meant for the physical spatial world around us and incorporate AR/VR technologies Types of applications XR Gaming platforms XR Advertising network XR Shopping XR Social Media XR Real Estate XR Insurance How to use? Developers - Build Developers can use our SDK and API framework in various languages to build XR and spatial applications that are connected to our blockchain and protocol.

2019-5-22 12:12


Paris Blockchain Week Summit

The Paris Blockchain Week Summit will gather 3,000 French and international professionals of the industry. The summit will be the flagship event of the Paris Blockchain Week. The goal of the Paris Blockchain Week Summit is to showcase the French regulatory framework and ecosystem in order to: Nurture vocations and foster the development of the […]

2019-2-15 19:41


Фото:

Hyperledger Launches Framework to Help Developers Deliver Blockchain-Based Supply Chain Solutions 

Hyperledger, a collaborative project focused on advancing cross-industry blockchain technologies, has announced the creation of Grid, a framework aimed at enhancing the development and delivery of distributed ledger technology (DLT)  powered solutions for the supply chain ecosystem, according to a press release on January 22, 2019.

2019-1-24 10:00


Фото:

An Overview of EOS Smart Contract Development

In the blockchain and development ecosystem there remains one large debate around which project can deliver the most efficient and subsequently effective development framework for smart contracts. Smart contracts, otherwise known as virtualized agreements between multiple parties, are the backbone of decentralized applications (dApps) essentially serving as the bridge that connects the static world to blockchain technology.

2019-1-16 10:00


Ethereum Price Analysis: ETH/USD Delicate at $100, Price may Drop to $1 or Snap Back to $250

Latest Ethereum News There are three main pieces of infrastructure that supports the Ethereum Ecosystem: Truffle, Infura and MetaMask. Truffle is a “A world-class development environment, testing framework and asset pipeline for blockchains using the Ethereum Virtual Machine (EVM), aiming to make life as a developer easier” while Infura is an “API and developer tools […] The post Ethereum Price Analysis: ETH/USD Delicate at $100, Price may Drop to $1 or Snap Back to $250 appeared first on Ethereum World News.

2018-12-4 14:56


Jarvis Exchange ICO

Jarvis is a robust technology framework that supports a financial ecosystem that includes licensed centralized and semi-decentralized exchanges and a marketplace. The Jarvis technology makes assets interoperable and makes it possible to provide users access to any financial market, and to utilize any asset as a medium of exchange, or of payment, as collateral for a loan, or to contribute to a liquidity pool.

2018-11-20 02:03


Фото:

Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.

2018-11-14 00:53


Bithumb Partners ‘Asian Amazon’ While Lawyers Urge Korean Govt to Establish Crypto Framework

Lawyers in the Southeast Asian country lobbied the government today to quickly establish a legal framework for investor protection. The Korean Bar Association rarely campaigns publically for specific technologies or industry groups, however members felt strongly enough to do so for the cryptocurrency ecosystem within the country.

2018-11-8 15:30


ConsenSys-Supported Whiteblock Study Indicates EOS Blockchain Does Not Possess ‘Immutability’

As per a new joint study released by Consensys and Whiteblock (a blockchain research firm), it has been found that EOS, a top-10 altcoin in the world today, is composed of a framework that resembles a ‘cloud network’ more than a ‘blockchain ecosystem’ In regards to the study, a spokesperson for Whiteblock stated that: “EOS […]

2018-11-5 00:19