Decentralized marketplaces will put Amazon out of business

Secionz

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Quote from: Whosdaddy on November 15, 2018, 04:25:46 AM

Quote from: chrisculanag on November 11, 2018, 09:31:06 PM

Everything can happen in crypto but amazon is hard to out because that is a big company business online but if amazon accepting crypto as a payment , Amazon will become popular like others that keep accepting bitcoin as a payment. And about the buying directly to the owner of the product is really a big saving to us because the owner can give you a big discount if you buy bulk.

There is actually no way at all that we can even get to put some big companies out of business, and that is already way too much. There have been competitions already all over the world, so there is always a whole lot to go around when it comes to the ecommerce world.

It is understandable that times are changing, decentralization as well as blockchain technology is also hitting the ecommerce space as well, but you really think Amazon or other big businesses won't be looking into that already. Innovation is always going on everyday just to stay on top of the ladder, and I am sure once you are there, it would really take some pride only and comfort zone level of thinking to get pushed down.

Market places have been evolved on internet now. Ecommerce has initiated this war between companies to make challenges and competitions to other combines through internet.

South Park

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Quote from: Ladysmith on November 08, 2018, 11:06:23 AM

It is the middlemen who currently run this world.

Easiest way to make money.

1. Find a product that's valuable.
2. Buy the same thing at a lower price by purchasing in large quantities.
3. Sell individual units at a profit.

The giants Amazon, Alibaba, Costco, Walmart, ETC. all exploit this tried and true method of creating value.

I also sell products wholesale on Amazon and can tell you from experience this works. Anyone can do it.

The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

Everything would be cheaper and more accessible.

That could happen, but I do not believe that we are going to be alive to see it, that kind of transition doesn't happen in such a fast way, it takes time not only because the technology needs to be developed and because people need to begin to adopt this new technology, it takes time because those big businesses are not going to give up what they have accomplished without a fight.

kokobaba880

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Amazon is the big business so decentralized nature of crypto is not harmful for that and crypto market is expanding so it will reach to every root of the business, decentralize is causing the currencies more volatile and in these days bitcoin is capturing the whole world so little time will be required for the whole market to use bitcoin for transactions.

Glocalside

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Quote from: proTECH77 on November 08, 2018, 03:23:02 PM

In reality, if this happen; it will displace Amazon and other giant in the middleman business. A decentralize market place will put the middleman into check which is unavailable at the moment but with the help of the Blockchain technology there will be a freedom for all. The advent of Blockchain acceptance and adoption will put all the big wings out of the business.

I'd go along with that. Amazon is really a society cancer, i think that sooner of later, Amazon will be kicked out of decentralized marketplaces.

really01

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Amazon and other e-commerce forms are still the trend of today's market. They still find ways to optimize their work to maximize profits. So now to overcome them with a new method that requires breakthroughs and more.

magneto

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Quote from: Ladysmith on November 08, 2018, 11:06:23 AM

It is the middlemen who currently run this world.

Easiest way to make money.

1. Find a product that's valuable.
2. Buy the same thing at a lower price by purchasing in large quantities.
3. Sell individual units at a profit.

The giants Amazon, Alibaba, Costco, Walmart, ETC. all exploit this tried and true method of creating value.

I also sell products wholesale on Amazon and can tell you from experience this works. Anyone can do it.

The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

Everything would be cheaper and more accessible.

In a perfect world, we'd have decentralised marketplaces like this as you mention. But honestly I doubt that it's going to be feasible in the near future. I absolutely agree with avikz as well. A decentralised marketplace doesn't necessarily mean that you're directly interacting with the manufacturer.

It'll be hard to disrupt this market due to people's familiarity with dealing with centralised marketplaces. Also, how exactly will the middleman be cut without having holes in the system that is open for exploitation will still need time to develop, imho.

What I think is most likely is that the traditional marketplaces will in fact respond to increased crypto adoption by integrating it into their services further, such as accepting it as a form of payment or even using blockchain as a ledger to keep records. But a truly decentralised marketplace seems like a far fetched idea for now.

Akpuv

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I really do not want to celebrate this post yet that decentralized marketplaces will create a value for humans until we have all seen it practical. For now, we may just have to keep faith with the large stores like Amazon and so on.

jimbo2000

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Quote from: gentlemand on November 15, 2018, 03:12:28 PM

Nope. This will never happen.

Amazon call themselves a logistics company primarily. That means they're experts at managing the journey from your desire to it showing up at your door. That means sourcing, stocking, advertising, transporting and if needed handling its return.

There's no way a bunch of random nutters selling their granddaughter's soiled panties or lawnmower blades can offer the same level of efficiency and service.

So eloquently put Tongue

I think that people easily lose sight of the added value that companies provide if it is not immediately visible to them. Amazon provide so much added value and benefit from economies of scale that the service they can and do offer is superior to that which any of those random nutters you speak of could.

gentlemand

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Welt Am Draht

Nope. This will never happen.

Amazon call themselves a logistics company primarily. That means they're experts at managing the journey from your desire to it showing up at your door. That means sourcing, stocking, advertising, transporting and if needed handling its return.

There's no way a bunch of random nutters selling their granddaughter's soiled panties or lawnmower blades can offer the same level of efficiency and service.

Reatim

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I don't think that Amazon will simply go away without any fight. As I have read they already patented something regarding blockchain so it looks like they're ahead of the game for all we know. They might be expecting decentralized marketplace already and maybe has some plans already laid out in case of another innovation in online that will affect their business.

cybernetik7

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People can make transactions directly by using bitcoin or they can use it as a payment method for products and services. Bitcoin is not a platform. There must be a warehouse or seller but not without the need of a platform or place. People do not trust to the seller (God knows who he is), they trust these online platforms.

aad140386

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I doubt that intermediaries will leave the trade market. In any case, it is often convenient for a person to buy goods in one place and pay for one parcel, rather than ordering each item with separate delivery. And if this is an international delivery, then most likely, a direct purchase will be even less profitable. Amazon is unique in that it offers users a great platform, a huge range, good customer support and logistics. And for the convenience of many people are willing to overpay.

Conasse

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Decentralized marketplaces will never have all the resources and infrastructure that Amazon has. It's what makes Amazon competitive and valuable.

Ladysmith

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Quote from: yugyug on November 15, 2018, 06:59:42 AM

Amazon already got his position in the online marketplace and it is ready to adapt the blockchain technology which again put it on the edge of e-commerce. Bezoz took him almost 20 years on how to figure and how to defeat the biggest retail store in the US like WalMart, Sears, CostCo and the like. Amazon is a game changer to e-comerce and some other traditional retail store are unable to catch up because they did not adopt the new technology or they are too late to adapt it that's why they are out of the game. Decentralized marketplace is very far from reality for some reasons like security, customer service, logistics and after market support.

Using blockchain technology does not make something have the same appeal as a decentralized marketplace.

The problem with Amazon is everything isn't available (they moderate and ban plenty of products), they charge a lot of fees for that customer service and fast logistics.

As for your security argument, real peer-to-peer transactions without the need for a third-party, like a crypto exchange or centralized platform, would make any transaction safe and secure, and would be possible with a distributed exchange network and an escrow system. It also couldn't be moderated.

Customer service is mostly about the speed of shipping, which will be possible with evolving drone delivery.

yugyug

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Amazon already got his position in the online marketplace and it is ready to adapt the blockchain technology which again put it on the edge of e-commerce. Bezoz took him almost 20 years on how to figure and how to defeat the biggest retail store in the US like WalMart, Sears, CostCo and the like. Amazon is a game changer to e-comerce and some other traditional retail store are unable to catch up because they did not adopt the new technology or they are too late to adapt it that's why they are out of the game. Decentralized marketplace is very far from reality for some reasons like security, customer service, logistics and after market support.

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Quote from: Renaldi blackspadeteam on November 11, 2018, 08:28:12 PM

I think this is too much because there are still many people who do not understand cryptocurrency to be the market for Amazon, Alibaba, Costco, Walmart and others, it will remain crowded and I think in the future the giant market can run along with other decentralized markets.

I hope a lot of people know that Amazon is already a big global market and it will really take some huge level of competition to be able to get them out of business. Also, what makes you think that for a system that has already been on ground and has made a lot of name over the years, will not find a way to adjust in the long run and be able to not just sit in its comfort zone, but look out for possible threats and find a way to integrate those threats and make it a strength in its own platform, which as far as I am concerned, an already well-established business, as long as they do not slack, will always have an edge.

Whosdaddy

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Quote from: chrisculanag on November 11, 2018, 09:31:06 PM

Everything can happen in crypto but amazon is hard to out because that is a big company business online but if amazon accepting crypto as a payment , Amazon will become popular like others that keep accepting bitcoin as a payment. And about the buying directly to the owner of the product is really a big saving to us because the owner can give you a big discount if you buy bulk.

There is actually no way at all that we can even get to put some big companies out of business, and that is already way too much. There have been competitions already all over the world, so there is always a whole lot to go around when it comes to the ecommerce world.

It is understandable that times are changing, decentralization as well as blockchain technology is also hitting the ecommerce space as well, but you really think Amazon or other big businesses won't be looking into that already. Innovation is always going on everyday just to stay on top of the ladder, and I am sure once you are there, it would really take some pride only and comfort zone level of thinking to get pushed down.

jimbo2000

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Quote from: Ladysmith on November 08, 2018, 11:06:23 AM

It is the middlemen who currently run this world.

Easiest way to make money.

1. Find a product that's valuable.
2. Buy the same thing at a lower price by purchasing in large quantities.
3. Sell individual units at a profit.

The giants Amazon, Alibaba, Costco, Walmart, ETC. all exploit this tried and true method of creating value.

I also sell products wholesale on Amazon and can tell you from experience this works. Anyone can do it.

The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

Everything would be cheaper and more accessible.

You're missing one thing, it's also beneficial for the warehouse, they don't want to ship one item at a time to thousands of different buyers, that's not the way that their business operates. Just because they could get more money that way does not mean that it is the most profitable choice for them, even if it's the most profitable does not mean it's the best choice. The current model works because people are happy with it, maybe not all people but enough people.

aencarnaci

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Amazon seems like one of the biggest companies in the whole world right now, it is not that easy to put biggest company in the entire world to get out of business thanks to couple of new options. Standard oil was seen as the biggest company of its time and had to be torn apart for monopoly reasons, the companies that came to be after it was torn apart right now holds over a trillion dollars in value, even shredding it to pieces didn't hold those companies low.

Amazon will always be one of the big players unless something huge happens to it. Of course, decentralized markets could get a share out of it and certainly rival it but just because Amazon would have some competition at the top would mean it will go down, it will just soar with them together instead.

timerland

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Quote

The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

I don't really understand how this necessarily ties into decentralization, because as far as I know, this can be done with centralized platforms already.

I think there are still some services or components of services that require the centralized nature of these marketplaces in order to function smoothly, such as customer support, such as conflict resolution between the buyer and the seller.

In the future, if decentralized marketplaces that carry these sort of features do pop up, then sure. The fees could be taken away from the middleman, and these centralized marketplaces could see drastic changes in their business conditions. But just like decentralized exchanges, we see various issues in terms of practical use at the moment still. Not everything in my opinion absolutely needs to be decentralized immediately. The most important aspect is still decentralizing the currency and the processing of payments, imho.

Topic: Decentralized marketplaces will put Amazon out of business (Read 559 times)