Amazon is easily the largest eCommerce platform across the web. They do have problems that stem from centralization. Odyssey (OCN) is The Future Of Decentralized Sharing Economy The Foundation Of Global Peer To Peer Ecosystem. This will reduce overall operating cost, increase marketplace efficiency and boost ROI of product & service providers.
The Flawed Reviewing System
The first problem I would like to point out with Amazon is the reviewing system of products and services. It's completely centralized by Amazon. In order for businesses to increase sales, they need reviews. However, Amazon is actively banning reviewers that received a discount for the product or reviewers who have close relations with the business. Businesses must resort to "unethical" methods of purchasing reviews in order to have a chance on Amazon. Review writers do NOT have any incentive to write reviews.
OCN's Reviewing System Solution
Odyssey aims to solve this massive problem. Reviewers will be given OCN for objective reviews. Interactions such as Like/Dislike/Comment/Share/Recommend/ will be incentivised with OCC as per the ODYSSEY incentive mechanism. The incentive mechanism will factor in both the quality of interactions and the user’s Credit record. Improper interactions will be penalized with both OCN reduction and Credit reduction.
An Inefficient Sharing Economy
As of now, each industry is separated from the rest. Different industries have different rules, regulations, its own user information, its own transactions, etc. This leads to inefficient operating cost, marketplace inefficiency and lower ROI of product & service providers.
OCN's solution to the Sharing Economy
ODYSSEY smart contract is designed to include an effective economy stimulation mechanism to encourage everyone to contribute to the ecosystem. All transaction, regulation, etc. will be governed under the Odyssey Protocol. Thus, creating a global sharing economy for all of its users.
A Filter for Service Providers
In order to sell on Amazon, you must follow their regulations and rules. At any time, Amazon can change these regulations and rules, in order to better their own revenue stream.
A Free Market for Service Providers
Service providers are free to make listings under the decentralized Odyssey Protocol Platform. They can set the price, terms, etc. without the centralized leader interfering.
Commission Fees are Eliminated
Amazon chooses the fee for sellers to pay in order to use their platform. Additional revenue, from advertisements or other services on Amazon, go back to Amazon. All profits from OCN are returned to the reward pool to further stimulate the growth of the ecosystem.
The First Service Provider Integrated with OCN
oBIKE will be the first sharing economy market place to be compatible with ODYSSEY Protocol. oBike is a station-less bike sharing platform, providing a hassle free, more sustainable, healthy, tech-friendly, and economic mode of transport. Founded in Singapore in January 2017, oBike is Southeast Asia’s first smart station-less bikesharing company. In August 2017, oBike completed one of the largest fund raise in Southeast Asia, raising 45 million USD from global leading sharing economy companies.
Get free OCN tokens
Complete 3 easy steps at OCN's official site: ocoins.cc/bounty2 OCN is already listen on many popular exchanges. The price will go up significantly this year, so enjoy the free money!
Enjoy another reward for reading this far. I'll send a random amount of SBD from $0.01-$0.99 if you sign up for the OCN bounty, Upvote, and Resteem this post.