You must have used BitTorrent to share files using P2P protocol, quite similarly Open Bazaar is a concept to create a decentralized marketplace. It is an open source project which is focused on developing a protocol for online transactions in a decentralized marketplace. It uses bitcoin and is based on or a modified and next version of DarkMarket (A proof of concept that won the $20k first prize in Toronto hackathon)
Open Bazaar is a P2P network that is not controlled by any company. Instead of visiting a website like Amazon, eBay, Flipkart etc, you can install an application on your computer that will directly connect you to other people looking to buy and sell goods and services, and the only payment option is bitcoin. Basically, you can download the software and install it post which you can build your own online store to sell goods and services. Just like BitTorrent, few machines upload and some others download the same stuff; here you can buy or sell.
Please check their YouTube channel for some cool videos about this new idea in the Bitcoin World, below is one of their videos:
OpenBazaar UI Demo July 30 2015
This demo is of the new OpenBazaar UI. It will be a standalone Electron app when complete. You can test the demo yourself here: http://openbazaar-design.divshot.io/
OpenBazaar is a free and open marketplace for the digital age. It is decentralized and uses Bitcoin. Find out more at our Github or at OpenBazaar.org.
Some of the features I like in OpenBazaar:
We can sell all types of items physical products, digital goods and services.
No fees, yes its free and there will not be any brokerage charge or commission.
You can customize your online store.
You can create your own policies,terms and conditions for any product or service.
It includes an encrypted chat channel for communication between buyers and sellers.
Well, there might be some other interesting features and options which will be clear once they release the final version.
Official Website: https://openbazaar.org/
Reddit: https://www.reddit.com/r/OpenBazaar/
Slack: https://openbazaar-slackin-drwasho.herokuapp.com/
GitHub: https://github.com/openbazaar
Blog: https://blog.openbazaar.org/
Twitter: https://twitter.com/openbazaar
Email: project@openbazaar.org
FAQs: https://github.com/OpenBazaar/OpenBazaar/wiki/09.-Frequently-Asked-Questions
Republished from the original blog post on blog.cloudsentinelsstudio.com | Feb 4 2016