Meet The Decentralized Marketplace That Could One Day Steal Amazon’s smile This Could Someday Disrupt Amazon…

By Author: John Frank
Total Articles: 6
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What’s wrong with centralized markets?
Centralized marketplaces like Amazon have a multitude of problems that they cannot separate themselves from, they arise from their own nature. In contrast, decentralized marketplaces provide all the benefits of their centralized counterparts while avoiding such problems. Their peer-to-peer nature allows market participants to trade directly with one another, eliminating middlemen.
Fees!
The first big problem with the online marketplaces of today is the exorbitant fees levied mainly on merchants. The companies running these markets tend to leverage their strong networks effects to squeeze every last penny out of merchants, leaving them with ridiculously thin profit margins. 
Amazon, for instance, charges its “individual” merchants a dollar per item sold — before taking a cut of between 6 and 45%! keep in mind that these are often small retailers or individuals whose products hardly fetch any more than a couple of dollars in profit.
With a third of sellers on Amazon making less than $1000 monthly and having margins of about just 10%, almost half ...
... the sellers on Amazon make $100 or less monthly.

A third of Amazon sellers make less than $1000/month!
Buyers too aren’t safe from high fees because while they’re not charged for purchases (at least not directly), they still have to pay a lot in transaction fees, especially for cross-border trades involving multiple currencies.
Pricing disputes
Contrary to what they’d have you believe, centralized marketplaces do like to have some level of control over the pricing of goods and services on their platforms. Amazon, for example, has been in several disputes with large retailers over pricing. This is bad for merchants and consumers alike.

Data misuse
Centralized market platforms have been known to collect and analyse huge amounts of data from their users and then use it for all sorts of nefarious things — from jacking up prices for more wealthy consumers to giving certain products an unfair advantage. Consumer data is also often stolen by hackers.

Censorship
This is one of the biggest problems with centralized marketplaces. They can choose not to list, delist, or even suppress a merchant’s products at whim. Amazon is especially guilty of this as they, being merchants on their platform themselves, often delist and suppress competing products while promoting theirs to gain a competitive advantage.

Small shop owners protesting against Amazon in India
Other problems with centralized marketplaces include unfair competition and chargeback fraud, which are particularly harmful to small retailers and individuals. 

How decentralization can fix e-commerce
Decentralized marketplaces promise a brighter future for the world of e-commerce. Platforms like Bazaars are very well-positioned to take advantage of the shortcomings of centralized marketplaces and take e-commerce to new heights.
Nonexistent fees
Perhaps the biggest advantage of a platform like Bazaars is the low fees. The Bazaars marketplace processes transactions via blockchain technology and as a result, can keep transaction costs incredibly low. 
It costs nothing for a merchant to join and start selling on Bazaars and they do not take a cut of anyone’s sales. This allows small merchants and individuals to build highly-profitable businesses much quicker. 
Consumers also directly benefit from the greatly reduced transaction fees and enjoy the lower costs that come with the elimination of the middleman. 
Bazaars, by leveraging cryptocurrency, also makes cross-border payments cheaper and faster, thereby greatly facilitating international trade.

Cryptocurrencies break down geographical barriers
Bazaars pays YOU!
All network participants who hold the Bazaars native BZR token get a share of the marketplace’s profits regardless of whether they’re on the supply or the demand side. Profits are shared in proportion to the number of tokens you own, so the more BZR you hold, the more you earn.
This is only made possible by cryptocurrency and decentralization and it incentivizes more and more participants to accumulate the token which in turn could cause BZR to soar higher and higher in value.

BZR facilitates the trading of everything from houses and cars to digital items and can substantially rise in value
Pricing freedom
Merchants are free to list their products at whatever price they desire on Bazaars and won’t have to list their products at unfavorable prices due to some gatekeeper’s vested interests. This will also lead to much more competitive pricing which will benefit consumers.

Freedom from censorship 
One of the biggest perks of a marketplace like Bazaars is that merchants have the complete freedom to sell whatever they want, so long as it is legal, of course. They also will never have to worry about having their products suppressed or suddenly delisted. 
Bazaars, thanks to its decentralized nature, levels the playing field, thereby giving an equal opportunity to each retailer to find their next customer through its platform.

Just as convenient
From order fulfillment to dispute resolution, Bazaars provides all the ancillary services required for its marketplace to function. But, unlike with centralized marketplaces — as is often the case, you’re not locked into some particular providers/methods and can oversee the entire process by yourself.

Privacy & Security
Unlike its centralized competitors, Bazaars does not require you to provide more data about yourself than is necessary and doesn’t covertly track your activity. Users retain full control of their data, and the success of a merchant’s brand is completely in their own hands.
The Bazaars marketplace allows the use of multiple cryptocurrencies and eliminates chargeback fraud thanks to the irreversible nature of cryptocurrency transactions.

Conclusion
Decentralized marketplaces are increasingly becoming a thing of concern for their centralized counterparts across industries and are certainly here to stay.
Bazaars is positioning itself to become one of the biggest players in e-commerce and has the potential to push not just the frontiers of the e-commerce industry but the cryptocurrency industry at large.