BitBoost and The Block
BitBoost has developed a MVP, The Block, a fully decentralised e-commerce marketplace, designed for privacy and low fees. It takes the form of a standalone app based on Ethereum’s smart contracts and uses the ETH currency for all payments except merchant listings. As a global application with minimal technical requirements for users, this is free trade at its most free. BitBoost’s aim is to facilitate truly free trade on a global scale. Building on the work of almost three years, The Block is their solution: a totally peer-to-peer e-commerce experience, without unnecessary costs, geographical limitations or arbitrary restrictions. As a downloadable app that connects to the Ethereum blockchain, The Block relies on no centralised website or other service by design (the developers’ Ethereum node can be used for convenience, but is not necessary). This entirely decentralised approach means that there is no controlling party limiting trade, restricting payments or collecting users data.