Jan 17, 2018
Origami network is Blockchain-Powered global solution to build decentralized online marketplaces with blockchain-based escrow payments
We created three complementary solutions:
“Origami Network is a “full-stack” blockchain-enabled marketplace solution based on several self-sufficient products.”
This is the easiest way for a business to create its online marketplace. Origami Marketplace is an all-in-one platform for buying and selling goods or/and services online. We will give you more details in this whitepaper below.
A decentralized payment system called Origami Payment, which is powered by the Ethereum blockchain, and ORI, an ERC20 compatible token. It greatly enhances the buying/selling process with decentralized escrow for secure payments, third party dispute resolution, and very low transaction costs
Origami Payment can be integrated into new or existing marketplaces and can also be used in marketplaces that don't directly handle payments yet. Origami Payment is designed specifically for P2P marketplace transactions where trust between the buyer and seller may be limited.
This is a payment solution developed for both e-commerce and/or online marketplace businesses that want to add a decentralized payment with escrow on the blockchain. We will give to our customers an escrow payment service with very low fees compare to other classic systems (without blockchain and smart contracts)
Origami payment will accept Bitcoin, Ethereum and Origami tokens and other crypto currencies in the future.
The main differences with classic escrow payments are the possibilities with the power of the Ethereum smart contracts technology to automatize the escrow payments management without relying on a third party to control the money and lower fees than other escrow systems.
User reviews have a dramatic impact on the level of trust on marketplaces.
Research proves that one negative review from a buyer (justified or not) correlates with an average decrease of the growth of a specific seller’s weekly sales from +5% to -8%.
This explains sellers could be tempted to manipulate reviews, poste fake ones or delete others.
This is a major challenge of marketplaces as they scale (the infamous 5 stars problem with a uber driver)
Origami Review will solve this major problem with a blockchain-powered review system.
Any review will be authenticated, and solely users who had actually been through a prior transaction would be able to post reviews by signing reviews with their own private key before posting them.
A smart contract from Origami Review will then authorize the reviews from buyers. This will solve the review problems that all marketplaces have as they scale.
Origami Reviews will decentralized the reviews management and organize the reputation management of sellers on any marketplaces
Ethereum ERC20 standard token.
The project is a completely decentralized network with no need for the intervention of third parties. There are direct payments options available via Origami crypto-backed payment system and it has lower fees. While the conventional marketplace has lacks transparency, Origami Network’s decentralized marketplace model lets you look through all your transactions easily. Also, in the conventional model, your personal credentials are more likely to be hacked and stolen. Worth taking a look and maybe even investing. Visit their website for more information.
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