Idea & Token
Origin Protocol is aiming to use the Ethereum blockchain to create a sharing economy marketplace. Their set of protocols will allow buyers and sellers of fractional use goods and services (car-sharing, home-sharing, etc.) to eliminate traditional intermediaries via peer-to-peer transactions. Buyers and sellers will be able to directly create and book services and goods and therefore to reduce their costs. The transaction fees (up to 30%) that currently go to such companies as Uber, Airbnb, Fiverr, and Getaround will become non-existent. In this scheme the Origin platform will act as a neutral third party providing hundreds of open and transparent listings of goods or services, their availability, prices, etc. The platform will allow using Ether, ERC-20 tokens (including Origin token) and fiat currency for purchases. Apart from these features Origin encourages developers and businesses to build decentralized marketplaces on the blockchain.
Their ERC-20 token called Origin will be used for transactions between buyers & sellers, for the network governance, and providing security by using positive and negative incentives.
The company co-founders Matthew Liu and Josh Fraser have already founded several successful businesses such as PriceSlash, Unicycle Labs, Forage, and Torbit that has been acquired by Walmart Labs. Mathew was a Product Manager for YouTube. The core team consists of 6 specialists working mostly as business managers, only two of them has excellent software development experience that seems insufficient for us. That’s compensated by the contributing and advisors team that includes several engineers and people with expertise in blockchain, design, PR, and marketing.
Origin is a company trying to interrupt monopoly of centralized marketplaces and transfer them to decentralized commerce. The company suggests a win-win decision for both buyers and sellers by lowering the transaction fees, bringing transparency and mutual trust, and decreasing unnecessary regulation. Origin has already established partnerships with several dozens of companies that have made a decision to build business on the Origin platform. This long list of partners is a proof the idea is working. So let’s sum up the project components – a good ambitious idea, excellent team, perspective market, lots of partners, and progress that matches the roadmap. Our prediction for Origin is positive, we recommend that you take a closer look at the project.
Origin Protocol is a solid attempt to transition traditional centralized types of businesses from e-commerce to decentralized commerce.
Origin Protocol ICO datesexport to calend
Origin is a sharing economy marketplace and set of protocols that enables buyers and sellers of fractional use goods and services (car-sharing, service-based tasks, home-sharing, etc.) to transact on the distributed, open web. Using the Ethereum blockchain and Interplanetary File System (IPFS), the platform and community are decentralized, allowing for the creation and booking of services and goods without traditional intermediaries.
We are specifically building a large-scale commerce network that:
•Transfers direct financial value (listing, transaction, and service fees) from large corporations like Airbnb, Craigslist, Postmates, etc. to individual buyers and sellers.
•Transfers indirect financial and strategic value (privately aggregated silos of customer and transaction data) from those same corporations to the entire ecosystem.
•Creates new financial value for marketplace participants that contribute to the growth of the network (e.g. building new technology for the 0rigin network, bootstrapping new product verticals, and referring new users and businesses).
•Is built on an open, distributed, and shared data layer to promote transparency and collaboration.
•Immediately allows buyers and sellers across the world to do business with each other without difficult currency conversions or tariffs.
•Promotes personal liberty by not allowing a central corporation or government to impose arbitrary and oftentimes onerous rules on how to do business.
To accomplish these ambitious goals, the 0rigin platform is being launched with incentives from the outset to encourage other technologists, businesses, and consumers to build, contribute, and extend the ecosystem with us. We imagine a broad collection of vertical use cases (e.g short-term vacation rentals, freelance software engineering, tutoring for hire) that are built on top of 0rigin standards and shared data. Together, we will create the Internet economy of tomorrow.