Topic: Decentralized marketplaces will put Amazon out of business - page 2. (Read 562 times)

We have to admit Amazon creates a lot of jobs worldwide, not only with its warehouses but also on its online marketplace. There are many people making a living with Amazon and small companies "surviving" with their sales on Amazon.
Toys'R'us is just the result of the actual society buying more and more on the web. It's not the first company and not the last.

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.

crypto currency can kill various kinds of businesses carried out in a monopoly manner such as banks, and buy and sell online, because crypto has a transparent system but amazon must have followed the development of crypto currencies so this could be an improvement in the online trading system because there is no currency monopoly which can sometimes turn off a product, because the value of the krypto currency is the same everywhere.

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.

That is possible only in theory, but it is a possibility, Bitcoin and the blockchain have the potential to eliminate every single form of profit taking being done by middlemen, this is very powerful this means that in the future you could buy your products directly from the producer and it will reduce shipping costs and make the whole economy more efficient.

Amazon and Bezos are not going away anytime soon. Crypto has to be highly adopted before anything change comes to that sector.

By that definition, a decentralized marketplace that beats Amazon on price will be even worse for local shops an than Amazon is already.

Exactly, selling is pretty complex, there are many things involved like advertising and delivery, for example. It will take many many years for decentralized marketplaces to get to the level of centralized marketplaces, and it's not clear if they will ever become a serious competition. I think it's always better to keep expectation realistic so you'd never get disappointed.

But not all can do what you could possibly do. Aside from it what Amazon is offering to its sellers is convenience. They don't need to go to anywhere as the could easily buy what they want right at their fingertips through their phone or laptop. These tech giants are also adapting to change the e-commerce business is just one part of their business. Amazon is really a large company and is more like Apple or Google now where they are venturing out of their main business and diversifying their income streams.

True. It is like a Value added tax with another tax. People dont see it but it is just a platform for people to posts what they want to sell. They dont really have an item or if they did, it may be just a little than all the people who have posted their items.

Ebay is just the same right?
They wont even assure the buyer that it is a legitimate seller. So what are we really paying them for? The web page? Maintenance?

Facebook got a lot of seller right now. Maybe I will just stay there and add all those online sellers.

It would be really complicated to create decentralized market, as mentioed there was couple of those decentralized stores but some of them illegal, but if we talking about legal products it can possibly happen, but it requires a lot of things. Also I would better wait for lightning network

Amazon is a brilliant and super successful project that has become a leader in the field. I look forward to when they and other large resellers join the cryptocurrency market. Such a merger in my opinion would be mutually beneficial.

It would if the demand was there.

OB lacks in more fields than just one with how there is nothing behind it with a profit model to fund further development and more importantly, marketing. I think the development side is pretty solid even though it's somewhat slow, but the marketing side is where they can book most of the gains, which is the only thing that actually matters here.

The more use OB generates, the more motivation there is behind the scenes to work on it, and it may even lead to large crypto businesses to fund marketing out of goodwill.

On top of that, I think OB needs a web based interface to actually become more mainstream, because average joes aren't going to bother installing software to get things up and running.

If this is your definition of the middleman, then every businesses and stores you see around, are all middlemen! Every manufacturer sells their product to the wholeseller first. The wholeseller then sells it to the retailer from where we buy the products. As per your your definition of middleman, these wholeseller and retails businesses, are all middlemen. That's how exactly the a trade functions!

And due to this same reason, there is a healthy competition in the market. If everything goes to the hand of the manufacturer, this competition will turn ugly and we will become the victims of their cartel the way Banking system is showing off their power now!

If you think that decentralized marketplace will let you connect directly with the manufacturer, you're wrong! It's mainly a marketplace that allows peer to peer transactions without the need of having a third party to verify the activities for both buyers and sellers.

There are both pros and cons for the decentralized marketplace. A big challenge is the dispute resolution area. Lets assume, you purchased a mobile phone from a seller of a decentralized marketplace but the when the product arrived, you found manufacturing defects in it. Without any centralized authority, how will you get resolution or get the refund? That's a very practical challenge in today's scenario.

So more research and ideas are needed to overcome such obstacles. Decentralization is a very new structure to us and we will need more time before we can actually think of competing with the behemoths like Amazon, Walmart etc.

One good thing that I see in the middle men like amazon, ebay, alibaba or any other ecommerce platform is the competition from the sellers that are selling on these platforms. The idea that the warehouse would just replace these platforms might eliminate competition as the are the one that have the items that need to be sold.

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.

Amazon provides a service and platform that's useful to people on both sides of the market. If it was that horrible as people here think it is, they wouldn't be doing well, but they are and their revenue and profits speak for them.

Average joes want convenience, and that without thinking about the privacy that they no longer have when they allow a company as Amazon in their life. As long as it works they'll go as far as they need to keep using it.

I'm don't say it's good or bad, but I'm solely looking at what the average person thinks and does. They don't see the threats we see in these companies, and as long as they aren't confronted with these threats, they won't change.

People change and aim for alternatives once the companies and financial institutions start to work against them.

Cutting the middlemen off will certainly cut the costs of the items and remove unnecessary fees that can be incurred by the end-user, however, middlemen serves as a security and guarantor of the end-user in case the seller wants to scam the buyer. Most people would certainly avoid decentralized marketplaces even if it offers cheap items and would better be buying expensive ones on reputable marketplaces since they are less likely to be scammed and protection is there for them. There's some sort of psychological factor attached into buying from reputable marketplaces and companies that can never be addressed by decentralized marketplaces, so there's that.

There are some things that are good to buy from reputable companies though and I don't think this will go away.

Some good producers don't want to take orders that are quite small (lke if you're buying an ssd or a computer component or something) os goign to a retailer like amazon to be a middle-man for if there's an issue is a great idea to implement I think.
Unless of course we get to a point where these large producers of stuff decide they will accept orders of smaller numbers of units than the big buld buys that allow people to start buying up what they'd usually have a pay a premium for from the likes of amazon and similar stores.

I think you are right, somehow this innovative alternative will affect the big players out there,

I believe OpenBazar or Particl annon market will have a big impact on how we (we) do business online.

To see some creative creators selling goods over there will be amazing!! Soon I want to sell some homemade tables there but still waiting a while till it gets popular.