This dapp eliminates third-party intervention in online marketplace transactions.
This dApp allows the trade of physical commodities as NFTs on decentralized Blockchain networks. In this dApp, physical assets ownership will be represented as a Non Fungible Token (NFT). These NFTs will be exchanged or traded on the decentralized blockchain network. The owner of NFT will be considered the legitimate owner of that underlying asset. Transactions on blockchain will serve as evidence of a fair transaction. It eliminates any level of intermediaries and human intervention. The transaction rules are automated within the smart contracts implemented on the Blockchain platform and these are executed without the need for any manual interference. This protocol eliminates the fees that banks and other intermediary companies charge for using their services and promotes the use of peer-to-peer, or P2P, transactions. This project can be deployed on multiple Ethereum-compatible blockchains. One of the main qualities of Blockchain technology is transparency. All transactions, data, and code on the blockchain are transparent to everyone. This level of transparency builds trust among users.