Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CRAIG] CraigsCoin | CLASSIFIED ADS ON BLOCKCHAIN 5+ POD BITTREX, CRYPTSY
by
johnySulliven
on 07/10/2014, 17:52:33 UTC
From what I see, the successful website like Amazon and Ebay also act like ad posting website, even though people call it an e-commerce site. So perhaps, CraigsCoin can expand in the future, to be a blockchain commerce (b-commerce) platform, where end users do business just like with e-bay today.

And what would the advantage of a blockchain-based approach for this be? For ads, which require no physical inventory & delivery, this is a good idea. For eCommerce though I doubt it.

Blockchain commerce is when u buy things that is being advertised on blockchain. And u can pay with CraigsCoin, for example. E commerce is when u buy things that is being advertised on conventional website. The advantage of blockchain ad base is that u can never be worry about your ads' visibility.

Here's the scenario for conventional e-commerce's flaw;
- Allen advertised Lenovo Phone on ebay with some fee
- Zack from Malaysia search for Lenovo Phone on ebay
- Zack never found Allen's Lenovo Phone on e-bay (possibly because e-bay play it dirty)

Here's the scenario for b-commerce ;
- Allen advertised Lenovo Phone on CraigsCoin with some fee
- Zack from Malaysia search for Lenovo Phone on CraigsCoin
- Zack will surely found Allen's Lenovo Phone on CraigsCoin