Introduction
This monthly newsletter focuses on the various Open Source projects going on in the world, calling attention to a different Open Source project each month. Our objective at Alt Choice Tech Advisers is to increase exposure to these Open Source projects in the business community. We hope these resources will be of great benefit to both your individual business and the community as a whole.
This Month’s Open Source Project:
OpenBazaar
This is a very unique and creative way of engaging in e-trading without the restrictions imposed by normal e-commerce processes. OpenBazaar is an Open Source project, which has created a decentralized network for peer-to-peer commerce online. Using Bitcoin, it is devoid of any transaction fees or restrictions.
OpenBazaar enables trades and sales to happen between anyone, anywhere in the world, using Bitcoin. Unlike eBay and the Amazon Marketplace, OpenBazaar is decentralized. This is first of its kind—a decentralized market with no third party or central authority involved.
You might be wondering, how is this possible? Here’s how it works: Instead of visiting an e-commerce website for your online shopping, you download and install the program on your computer. It directly connects you to other people looking to buy and sell goods and services. This peer-to-peer network isn’t controlled by any company or organization—it’s a community of people who want to engage in trade directly with each other.
Objective
To create a decentralized network for peer-to-peer commerce online without the usual fees and restrictions associated with e-commerce.
Goals
To provide buyers and sellers the freedom to directly engage in the exchange of goods and services with each other, without the involvement of any third parties (be it government, corporations, or any other institutions). End goal: “A free market for all. No fees. No restrictions.”
Solution
Decentralized network for peer-to-peer commerce online where everyone who participates controls their own small piece. With no centralized authority, it puts the power of buying and selling back into the hands of users.
Learn more about this Open Source project
For a list of other Open Source projects, visit our Useful Resources page
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