The very time I have been introduced to the idea of P2P commerce, its the time when #Defi has already started to become a very reliable, trendsetting and unique business model. The concepts of Blockchain empowered system that propagates the idea of a free flowing market to ensure a wider access to process automation in order to personalize web experience to take the idea of commerce to a new dimension.
Over the years of time quite a many people have taken avail of the services that are not regulated by other Institutions. That tells us why self-help is the rule we just cant get away with.
There was a time when people rushed towards collectivism and after the industrial revolution, the chances and scopes of setting up institutions, a merit based protocol to set up a group that has common share of principles, stickiness to a central goal and functioning the same way as certain principles direct them to do the services available. This #methodology very successfully created the revolution of building institutions of web, internet, TCP/IP, Software companies, financial services and many more.
Lets take for example : google is the leading search engine that is being used very much worldwide. But the very unique idea that was introduced by the Larry Paige,Sergey Brin Duo was to institutionalize a corporation that would enable an open access to the web users to get help of the informations and data stored on their #databases and the elegant softwares backing up huge sums of info at it.
That just exemplifies how strong the institution is that the governing #body jointly works to keep the processes get going. But #blockchain technology have been doing to resist the central command button up and destabilize such growths.
I have had my unique experience with P2P commerce, at least everyone these days have the chance to get onto the scheme very easy. If we take for banking money transfer, what we would notice that the services are yielding forward to get on facilitating the users need most, those people who are depositing their money on their accounts and letting the revenue grow. Such banks are also growing up #bilateral transactions and minimizing the risks of brokerage interventions.
The idea of older day e-commerce was backed by the available technology of setting names and profiles, bids and market stock,creating a software of the active people and available products, the service charges that the #platform takes and reducing them from active #transactions of buying bids etc. But the applications were popular until there were no decentralized commercial platforms available.
But these days it is even easier for people to reserve their own rights very much than the past. P2P commerce doesnt have to look out to the brokerage services most essentially, in the past it was such a case that took away 3%-4% of the bid price from the negotiating partners, or in some cases even more because the buyer had no chance to get hold of the seller and even application systems didnt have the #service in store.
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But, as P2P came, such commercial service got on adopting #decentralized forums, which focused on creating linear database, with unrestricted options to send or restore data through one to one networking, and without having any complexities arising out to clearing houses or the central monitoring agencies that keeps some of the amount of your money out of your pocket and into their reserve accounts.
P2P services getting even popular when defi platforms adopted that in their own modules. Its nice to see that the services gaining more tractions coming days and the user base would grow soon.
Lets see how that rolls forward in the future.