I'm interested in learning more about blockmarket. I don't understand what the benefit of using crypto is. What makes blockmarket a better alternative than Ebay or Amazon?
Ebay, Amazon, Aliexpress, etc are all completely centralized marketplaces. There are many restrictions, merchants in the developing world have a very hard time dealing directly with the rest of the world. The fees are really pricy with centralized marketplaces: Ebay: 10% of the total sale + Paypal : 3% = 13%. Amazon charges 15% with a $1 minimum. 13-15% on the total sale (not the total profit) destroys most businesses acceptable margins, so the the big players are favored since they have more buying power and can afford the cut.
Blockmarket costs pennies and will be even less in our next core release.
Not everything can be sold (not just illegal goods and Blockmarket doesn't have any), I can buy a Lamborghini on Blockmarket, but I cannot on Amazon.
Now Blockmarket is just one usecase (albeit a very important one), Syscoin's protocol is built and maintained with business in mind, that can be useful in much more than just e-commerce.
Hi,
Amazon, for instance, offers buys a high level of protection and an excellent returns policy should it be needed. What will Blockmarket offer buyers in the way of protection?
Sorry to repeat this but its a real world question.
As a buyer, why would I use Blockmarket over say Amazon or even Gumtree? With Gumtree, I can look for local items and inspect before purchase and it has no fees.
I have invested in Blockmarket but would like to hear your ideas on how you are going to encourage buyers to use Blockmarket.
No worries at all, I'm doing my best to answer questions in order and was just getting to your question.
By using Blockmarket, merchants will save a considerable amount in fees which will be passed on to the consumer. The 15% cuts they take is enough to cripple most new businesses, so not only will the merchants save a considerable amount of money but many more merchants will now be able to do business when they couldn't previously due to low margins. Short-term, the benefit is with the merchant but in the long-run, these are all huge benefits that will also directly impact the consumer.
Gumtree(I've only vaguely browsed it) & Craigslist are really not comparable, they are classifieds services. Syscoin is more comparable to Ebay/Amazon/Etsy, etc, Syscoin provides an escrow service to ensure that both parties received what they agreed to.
