Decentralization as a tool for securing e-commerce

Hi, everyone! Today we will talk about decentralization as a tool for protecting e-commerce.

Modern e-commerce is faced with a number of serious problems, among which the largest can be distinguished: fraud and hacking.

Improving the resilience of tasks and operators to internal and external hacking through the use of advanced technologies such as improved password policies, data security policies, disaster recovery policies, etc., all of which are tools that have been applied to improve the security of business processes.

The structure of centralized networks cannot provide complete protection against hacking. All data is stored in one place. An attacker only needs to discover one vulnerability to gain access to the server and control the entire network structure.

Decentralization solves this problem easily. All user data is stored in a distributed registry that cannot be hacked, especially if the network is large.

BARTER employs a policy of promoting and developing the barter project, including an effective DAO (Decentralized Autonomous Organization) control strategy.

What is DAO and how does it work?

DAO stands for Decentralized Autonomous Organization. DAO is an organization governed by computer code and programs, it can function autonomously without the need for central management.

By using smart contracts, DAO can work with external information and execute commands based on it — all without human intervention. By following the forms of DAO management, it is possible to automate the business processes of an organization as much as possible.

Thanks to smart contracts, a fraudulent transaction simply cannot take place, since a smart contract only conducts a transaction when both parties can fulfill their conditions.

As the name suggests, DAO is decentralized and autonomous. It is decentralized because no organization has the authority to make decisions and enforce them. And it is autonomous because it can function independently.

Each member of the Barter Smartplace platform is a full co-owner. Token holders are endowed with equal powers to vote for the development of the network. Another benefit is that the DAO’s policies give its members more control over their investments and the overall governance of the company.

The department operates in a smart contract system. Autonomy is ensured by the lack of dependence on traditional financial institutions.

Barter is a form of non-cash payment that allows you to exchange ownership of things, services, and goods between legal entities. A barter exchange means a barter agreement in which ownership rights to objects are exchanged between two or more parties without the use of funds, and in which legally binding smart contracts are used.

Barter is designed to make high volume transactions fast and legally binding. It is the smart contract that guarantees compliance with the previously established conditions and the execution of the contract.

Join the secure BARTER SMARTPLACE platform and protect yourself from fraud! http://barter.company/

Join the community: http://t.me/barterteam

Telegram wallet: http://t.me/barterwalletbot