What is Boson Protocol?
Boson Protocol is a decentralized infrastructure that enables autonomous commercial exchanges on Ethereum.
Boson Protocol builds a peer-to-peer system with the benefits of a centrally governed market intermediation system
The Bostone Protocol is a generic, permissionless mechanism to enable the decentralized exchange of digital value for non-fungible token vouchers representing any product or service.
What problem was Boson Protocol created to solve?
Coordinating commercial transactions requires centrally administered intermediary organizations or decentralized arbitrators to manage dispute mediation and transaction reversals. This adds cost and trust, limiting the scope and efficiency of trade.
The data collected from the commercial transactions of the centrally managed intermediaries is locked and used to enhance market dominance, which affects the interests of consumers, other companies and even the government.
How does Boson Protocol solve these problems?
Boson automates digital-to-physical conversion by encoding real-world commodity trading commitments into non-fungible tokens (NFTs). The result is the elimination of intermediaries, which are governed by a centralized model and reduce arbitration and costs.
Boson can be thought of as a commercial bridge that allows smart contracts to connect to the real-world commerce sector through the use of a decentralized commerce infrastructure that can be trusted and accessed by anyone. can use.
In which areas can Boson Protocol be applied?
- An open digital marketplace where anything can be offered, searched and exchanged with trust and at a reduced cost.
Non-monetary value distribution voucher
- The COVID 19 pandemic has increased the need to distribute food or essentials to those in need. Boson NFT Coupons enable distribution of essentials in a highly automated, checkable and low cost manner
- Allow self-driving cars to purchase tires or service with self-management of disputes and returns.
Loyalty and rewards
- Enable loyalty programs and credit card rewards to deliver any product in digital format. These products are composable and interoperable, without the cost and intervention of intermediaries.
- Allow giving or granting the right to buy rare or special items in the Game.
- Enable blockchain gaming applications such as online bingo to pay with Boson NFVTs, which can be used to exchange off-chain products.
- Allows token exchange for real-world rewards
- Allows exchange users to purchase real-world items directly from a market exchange, which requires fiat.
Call for service
- Allows reservations for anything from restaurants to grocery collection secured through a two-way deposit, to ensure that Buyers and Sellers meet their return and exchange commitments and terms. account.
- Allows users to exchange network tokens for digital and physical goods and services to increase user perceived value and token value.
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