Topic: Is this Amazon's blockchain killer? (Read 292 times)

It would take VERY DEEP pockets and amazing execution to dethrone Amazon.

  It does not matter who first goes to the blockchain and cryptocurrency. Important quality and features. The cryptocurrency community today still has not too many followers on this one can not rush. So everything will be fine with Amazon.

competitors will always be wherever you are, and my advice is that you better beat your competition in a good way, don't make yourself lose because of unhealthy competition. or we as traders can take advantage of this good news to seek profits because usually the price of coins will go up when there is competition like this.

As the cryptocurrency grows and as OP expected that it could happen to go mainstream together with the amazon is not possible. There will be mo destruction going to take place for amazon though it will be a competition. Remember that the world is huge and has avast clients to cater with so there is nothing wrong when there will be another company competing the world's known market.

It is unlikely that we will see the death of the Amazon in the near future. However, I think that this is possible if cryptocurrencies become even more popular, and Amazon does not have time to implement them in its platform in time. Also, if OpenBazaar or similar platforms can offer people a better crypto product than Amazon, there is a chance that Amazon’s monopoly will be destroyed, at least in part. I would like to see something like this someday.

Well the answer would be in two ways, if amazon doesn't adopt crypto and we begin to see the economic crisis in the world, then it is possible that a blockchain platform that offers same services as amazon will now become even more popular than amazon itself, though for the companies to be one of the biggest the world have seen so far, then I know that they would be smart enough to adopt crypto in their system quickly before the crisis. I know that they are already working on it currently but have not yet made it open to the world for now until the right time.

There is a big chance that Amazon will take their move especially if they smell something that can affect their sales. Their team is very wide and I am pretty sure that they make a move before they will be replace or have a big competition from other company especially Openbazaar.

Most likely they will change their moves like they will adapt the crypto environment someday in order to avoid this kind of scenario. Though I didn't know what they are thinking right now but I guess they are already debating the acceptance of crypto currency.

In some way I really agree with you because if the companies like Amazon will really ready to accept cryptocurrency as a payment method then lots of changes will definitely happen in this field so I think they are not make a consider about involving in Crypto field.

I think that  will not be the case. Amazon can grow along with blockchain. Maybe they can implement it as well. But the thing we should be concerned about is if Amazon is willing to do so.

Although I know little about openbazaar I sincerely see no likelihood that it would overtake amazon.. Amazon has shown flexibility in their operations over the years ,in their bid to adapt to the emerging market of crypto ,am sure they are already working out something  that will outsmart openbazaar.

I don't think so. When the time comes, Amazon will be the one that uses the blockchain and the company that supports it the most.

I do not think openbazar or anyother blockchain based ecommerce platform will replace amazon as i think all these platforms will have their own unique identity, community, user base, revenue and popularity. On the other hand it is also highly probable that amazon launches its own blockchain based business model to stay at the top and im sure as a proactive digital company they must be working behind the scenes to upgrade to blockchain.

Amazon has the dominant market position in online retail so they are unlikely to go away or be toppled in the foreseeable future. The more likely scenario is if cryptocurrencies become mainstream Amazon will ride their wave of popularity and declare they are accepting them. They may even partner with a project as a marketing ploy.

I don't think it is a true statement because they can definitely make the cricketer field more powerful and disability only available for the Amazon also because if they are making the payments using their Amazon products then it will be a huge profit for the that's why I am saying this.

Its still a starting company and they are challenging a big company with solid foundation. I really dont think they could on Amazon that easily because Amazon is backed by partners that has connections to different countries.

Blockchain can multiply the effects of a success strategy. If they play the card right could outcome Amazon.

This is just a catchy headline from a third party reporting on OpenBazaar! (Disclosure: I work for OB1, the company leading the development of OpenBazaar)

Amazon took over 20 years to become what we know it to be today, even in a brand new commercial environment where they had functionally no competition. They paved the way and set the standard by which pretty much all other ecommerce operations now measure themselves.

However, there are plenty of areas where all types of ecommerce marketplaces can thrive that are not trying to be "the everything store."

For example:

Etsy is an ecommerce platform, but they deal with handmade goods.
AirBnB is an ecommerce platform, but they deal with travel housing & experiences.
Ebay is an ecommerce platform and while they have some overlap with Amazon now, people primarily think of them as the place they want to go to get collectible, resale, or other hard-to-find items.

I personally use each of these platforms along with Amazon for different needs and wants I have.

Right now OpenBazaar is much like Bitcoin itself: decentralized, open-source, and here to first just give people choices about the kinds of currencies and platforms they want to use based on their values.

It's the place to go if you want to spend and earn Bitcoin (or other cryptos) with no middlemen charging fees, holding (and potentially stealing!) your coins or tracking your data!

i believe Amazon team must be doing research on how to implement cryptocurrency payment system on their platform too while they wait for the cryptocurrency to go mainstream. For Openbazaar to compete or maybe overtake amazon, it need to have  a very standout and unique difference which will attract people to the platform. We all  want safety and convenience,which Amazon has given already.

Although nothing is impossible but it seems really difficult for Openbazaar to compete Amazon as it is still far behind it.
If amazon don't accept cryptocurrencies in future even after the global adoption of cryptos then it might be possible that Openbazaar will compete amazon, but it's really unlikely so far.