A C2C Marketplace is a platform that connects consumers to facilitate the trading of goods and services. The benefit is that there is no involvement of businessmen or traders who charge their commission for the supply.
C2C trading is getting popular these days because consumers now prefer to trade directly with the service provider rather than the dealer. These kinds of markets are also specifically popular for the trading of second-hand goods such as old electronics and furniture.
While C2C markets are growing in popularity, it is no longer very easy to find customers because of the increased competition. While the internet has provided us with more sale options and each connectivity, the user privacy and security of the online data are some of the most prevailing issues of this market. So, what’s the solution?
Well, the blockchain technology has suggested promising ways to increase the security of online data and user privacy. In fact, many people are claiming it to be the future of C2C marketplaces.
There are some projects working in that direction. One such project is EZ cash, which is a blockchain-based C2C marketplace for trading. Let’s see how Ez cash blockchain project aims to solve the problems of the industry and provide a comprehensive and secure C2C marketplace.
EZ Cash Blockchain – the Future of C2C Marketplaces
EZ cash is a different kind of C2C marketplace that does all the basic things of a C2C platform with the added security of the blockchain. This is the main feature that distinguishes it from all the existing platforms that allow customer-to-customer transactions. Here’s how the blockchain resolves all the existing issues of this industry and can become the future.
Security & Privacy: One of the best benefits of the implementation of blockchain technology in the C2C industry is its unparalleled security standards. The blockchain is a decentralized network of nodes (computers) where all the transactions are automatically verified for credibility and then processed by the networks itself. This ensures the privacy and security of these transactions. The transactions are then stored in a public database which can not be accessed by anyone without authorisation. This ensures the security of user data, personal details and transactions.
Anonymity: Another great feature of the EZ cash C2C marketplace is that it allows users to perform transactions and buy/sell things anonymously. That means users do not have to provide their actual names or personal details in order to transact with the blockchain. This feature removes the security and safety concerns of the users of the C2C platforms.
Other platform features include a purely decentralized system, free of middlemen and agent,
thus reducing the cost/fee of transactions. The trust is also better when you are directly dealing with the buyer/seller and not through a middleman.
EZ cash is a perfect example of what an ideal C2C marketplace should be like. It enables the users to perform peer-to-peer transactions without having to compromise with their privacy or security of the data. The EZ cash project proves that the blockchain actually has the potential to become the future of C2C Marketplaces.