Online commerce has certainly made it easier to buy and sell things, but it is not without its own problems. The infrastructure that has grown up around online retail has made it in many ways an even more annoying and frustrating than purchasing things the old fashioned way from a store.
For example, have you ever purchased something and then found your facebook feed and every site you visit is filled with advertising related to that purchase? This is even more frustrating when the thing you purchased was a gift and now the whole internet is acting like you are a fluffy bunny slippers aficionado. This is just an example how purchasing things online usually means a sacrifice of your privacy.
The new e commerce environment can also be very frustrating for people starting online businesses. Not only will you often have to pay large sums of money to payment processors and e commerce store providers but there are many cases where people have had their business destroyed by payment processors that arbitrarily froze their accounts.
Thankfully both of these problem are being eliminated by a new e commerce startup called BitBoost. They are rolling out a new e commerce platform called The Block. The Block is a decentralized trading platform, eliminating the high fees of traditional e-commerce, while adding privacy and encryption. It is built on the blockchain using Ethereum smart contracts, transactions are completed in a trustless manner and because it is decentralised it runs on computers all around the world and can not be censored, stopped or interfered with in any way by any third party.
Since no third parties are involved customers can be confident that their privacy is protected as it automatically encrypts all communications between the buyer and the seller. Payments are handled through an escrow system that will insure you are not scammed by people who fail to deliver and an arbitration system ensures that both buyer and seller will be treated fairly in the event of a dispute.
It is expected to be released in the 2nd Quarter of 2018 but if like me you think this is a great idea that needs support, they are currently running a Tokensale whose contributions will help pay the development cost. bitboost2017