Quote from: saffroncoin on August 15, 2014, 12:21:33 AM

Decentralized Market Update

Method of Implementation:

- Separate tabs for buyers and merchants.
- Every Merchant will be given a unique key. Merchants needs to register themselves. Their names will be displayed publicly on a website. This is done to reduce fraud and authenticate merchants so buyers can be assured to receive their goods. If they have any problem with the product received, they can always contact the merchant.
- Buyers can buy anonymously and no details are required.

Merchant
- To list a product for sale, the merchant needs to provide his/her Merchant Key, the name of the product, cost, an image file of the product (It should be a URL) and the SFR address of the merchant.
- Once the key is verified, the key, name, cost,image URL of the product and the address will be included in the next block.
- The Merchant can query the blockchain with the unique Merchant Key to check if any products are bought.

Buyer
- Buyers will see a list of products to be sold. The image URL will be extracted from the block and a webpage request will be made for that URL to display the image for the product.
- Buying is very easy. Just click on the item. The address of the merchant and the cost will get filled and you just need to click "Send". The buyer would then receive an Order ID for reference.

We will have a client mock of the Merchant and Buyer tabs in a day.
The name for this market hasn't been decided yet. We are putting up some options on the Poll. Please vote.

Will there be an option for trustless escrow of some sort?

anon989

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