Decentralized market based on NEM platform

Hello,

I've recently started looking for a platform that I could use for building a decentralized marketplace (similar to OpenBazaar, not AE). NEM and its POI/Eigentrust++ approach to consensus and reputation (along with mutlisig support) look promising. I would like to ask whether there have there been any work going in this direction already?

Thanks.


Hello,

I've recently started looking for a platform that I could use for building a decentralized marketplace (similar to OpenBazaar, not AE). NEM and its POI/Eigentrust++ approach to consensus and reputation (along with mutlisig support) look promising. I would like to ask whether there have there been any work going in this direction already?

Thanks.


Hello.

As I know there has not been announcement or information about similar NEM project
(decentralized market place) therefore I do not think that somebody is working on it.

Long time ago there was only discussion about decentralized cryptocurrency exchange
on trelo boards and i think this could be  already  in development by http://altnemo.com/
but only Rockethead or the core NEM team could give answer to that that question.

I don't think anyone is already working on it but there have ben a few that expressed interest as far as I remember.
But even if, build whatever you like. Competition is good :slight_smile:


Hello,

I've recently started looking for a platform that I could use for building a decentralized marketplace (similar to OpenBazaar, not AE). NEM and its POI/Eigentrust++ approach to consensus and reputation (along with mutlisig support) look promising. I would like to ask whether there have there been any work going in this direction already?

Thanks.


Altnemo is not doing that. But my assessment is that it is fairly easy to plonkt the openbazaar framework into NEM because NEM is built on a tiered client/webserver architecture. If you are well versed with the openbazaar solution, it shouldn't take you long to integrate portions of our NCC into your solution for that purpose.

My reckoning is, provided you are familiar with the Openbazaar project, this shouldn't take you more than 3 months to go to market.

@rockethead, if eigentrust, poi and multisig are to be used, would that not mean the core foundations would need to be done from scratch rather than just putting a nem facade on top of the openbazzar foundations?

Btw: please do go ago ahead with this. :smiley: I would love to see Nem put to use in this way.


@rockethead, if eigentrust, poi and multisig are to be used, would that not mean the core foundations would need to be done from scratch rather than just putting a nem facade on top of the openbazzar foundations?

Btw: please do go ago ahead with this. :D I would love to see Nem put to use in this way.


It is stripping the relevant parts of NCC client and embedding it into openbazaar. NIS is not changed and therefore there is no need to change the core or to redo it, i.e., multisig, poi and eigentrust are not affected and are used as is. The openbazaar will transparently use NIS via the APIs. Alternatively, if the programmer is well versed, all he needs is to use the APIs of NIS to work with. No need NCC. The "NCC" is the openbazaar client instead, using JSON RESTful API to communicate.

Our architecture is definitely more superior than Bitcoin's and is much easier to integrate. I am not sure about Openbazaar client solution, but I believe it can also be stripped down substantially using NEM.

Cool… Sounds easy :smiley: hope this happens.

Many thanks for the replies.

I'm pretty sure that the integration of OpenBazaar and NIS is not an issue from purely technical perspective (APIs, RPC, etc). The main issues with such an integration is to know whether p2p reputation management of NEM is in-line with that of OpenBazaar on conceptual level, e.g. satisfies certain conditions on robustness. However, I guess it is hard to check until a whitepaper on NEM is released.

In fact, I'm still on a very early stages, working through a minimal set of requirements for a viable decentralized market solution. I will keep following NEM and hope to see it as a backbone of a real decentralized trading and economy.


Many thanks for the replies.

I'm pretty sure that the integration of OpenBazaar and NIS is not an issue from purely technical perspective (APIs, RPC, etc). The main issues with such an integration is to know whether p2p reputation management of NEM is in-line with that of OpenBazaar on conceptual level, e.g. satisfies certain conditions on robustness. However, I guess it is hard to check until a whitepaper on NEM is released.

In fact, I'm still on a very early stages, working through a minimal set of requirements for a viable decentralized market solution. I will keep following NEM and hope to see it as a backbone of a real decentralized trading and economy.


You are welcome. But if you want quick answers to your concerns on robustness criteria, this will be the right forum. I believe the team shall be working on the whitepaper after the launch, which is tomorrow.  All the best.