The Use of Blockchain Technology in AllSporter

allsporter (25)in #ico • 6 years ago

AllSporter is a first decentralized peer-to-peer marketplace, where sports enthusiasts can book training or rent equipment. Within the AllSporter community, sports enthusiasts can find the best trainers in their location, sign up for sports events/ trainings or rent sports equipment.

Pay Fewer Fees

AllSporter is a peer to peer application that doesn’t require middlemen, which means fewer fees & no restrictions. The decentralization helps AllSporter connect trainers and trainees with lower cost than the competition and provides more ease of use for users and more profitability for trainers and lessors of sports equipment.

Flexible Terms

Removing intermediaries eliminates the need to accept third-party terms and conditions.

Decentralized marketplaces allow to specify their own terms and offer more opportunities for users for the best deal.

Decentralized database

Blockchain data storing on AllSporter enables instant access to any data needed at any moment: data is stored in a way that prevents any tampering (shreds of data, held on many different storages) and is much more secure and scalable. This method of storing data allows it to be held in a couple different storages, for much easier verification when needed and opens the possibility of access to many different databases through one entryway — a smart contract, which ensures privacy. Data is distributed across the network instead of storing it in a central database.

Transparency is in the blockchain technology DNA

Blockchain marketplaces offer an immutable and time-stamped verification of every single transaction ever made. This approach makes transactions easily traceable and also prevents double charges, fraud, abuse, and any other type of manipulation. By using digital currency — AllSporter Coin (ALL), trainers and users don’t need to trust anybody with taking payments on their behalf, as payments are transacted directly between the trainer and the trainees or renters and lessors.

Smart Contracts

Smart contracts are the final piece of the puzzle in completely removing third parties and achieving a true peer-to-peer model. Smart contracts are unbreakable and reliable.

AllSporter vs. Traditional marketplaces

ALLSPORTER VS TRADITIONAL MARKETPLACES (2).png

Conclusion

The blockchain technology offers marketplaces new opportunities for payments, privacy, transparency, security, and agreements. We think that the Blockchain technology is the future of marketplaces.