Bezop BEZ

$0.0548
Market Cap $ 2.784 MM (#514)
24h Volume $ 902.961 K
Chg. 24h: 8.77%
Algo. score 2.7/5  (#923)
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Bezop project purpose and description

Bezop clarity of purpose

Bezop purpose and aspects

Bezop offers a decentralized peer-to-peer marketplace as well as an automated buyer-seller protection service. This cuts out the need for a centralized entity to mange such orders and simplifies payment collection.

Bezop additional differentiation against competition

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Bezop categories

MarketplaceDigital currency

Short description

Anyone can sell their products and services and get paid in bezop without any programming. Bezop implements a novel Proof of order which lowers the rate of fraud for both a merchant and client using elegantly designed contracts powered by the ethereum blockchain and secured cryptographically. Merchants can collect vat and accurately manage orders.

Abstract

Bezop is a decentralized peer-to-peer ecommerce order management and processing system, an autonomous buyer-seller protection service, and a simple value added tax (VAT) collection system - all powered by smart contracts and built on a decentralized blockchain network. Bezop aims to provide a complete open source solution for running a successful ecommerce business online. Merchants can participate by selling products and services on their self-hosted ecommerce stores (the Bezop Decentralized Order Management, or Bezop DOM) and broadcast orders to the network. The Bezop market runs on a blockchain with a native ERC-20 protocol token (also called a “Bezop”), which miners earn on the ethereum blockchain by proof of work. Clients spend Bezops when purchasing goods and services in the Bezop DOM and in other integrated sites that offer services and accept payments in Bezops. Conversely, one can earn Bezops by selling goods and services and/or by simply receiving Bezops via a wallet-to-wallet transfer. In the future, a Bezop Network will emerge where miners compete to mine blocks with sizable rewards. Before then, Bezop mining power will be proportional to active orders on the network, which means that the value of Bezop mining will not be limited to maintaining blockchain consensus. This creates a powerful incentive for miners to fulfill as many orders as they can. The ERC-20 protocol weaves these amassed resources into a self-healing blockchain network that anybody in the world can rely on. Strong buyer protection techniques built in smart contracts reinforces the robustness of the network. Orders are encrypted endto-end through the protocol’s secure order management portal. Miners do not have access to decryption keys. Bezop works as an incentive layer on top of blockchain and computes a proof-of-order for any transaction, which makes Bezop particularly effective for decentralizing payments, building and running distributed ecommerce portals, and implementing smart contracts.

Link to Roadmap: https://ecom.bezop.io/welcome/#ROADMAP
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