Why does Boson Protocol exist?

TL/DR: We’re here to replace a broken system.

In our digital world, e-commerce is commerce. Financial value is exchanged for goods and services, and nearly all these transactions happen within closed, digital platforms. The invention of TCP/IP could have provided a perfect market, where merchants and buyers could interact seamlessly, peer-to-peer, and with minimal intervention. Instead, just like banking, powerful e-commerce platforms have captured the market.

These monolithic intermediaries extract excess value. It is their prime directive. They feign customer-centricity when what they are really doing is hoarding data and separating people from the value they create. Worse than that, they distort markets and supply chains and interfere with our economic systems, imperilling consumers, firms and even governments.

While the first-generation decentralized commerce platforms have proven the technical feasibility of displacing centralized platforms, they have as yet failed to address all the needs of consumers and thus they have not seen significant consumer adoption.

Unless we can solve this problem: We face the prospect of the total capture of commerce and its supply chain by a few extractionary monopolies.

Things, money and data: An open tokenized economy

The interplay between Things, money and data is at the heart of Boson Protocol. Boson enables for any Thing: the automation of digital to physical redemption, liquid digital markets, and a planetary-scale Web3 commerce data market

Boson Protocol’s vision is to enable a decentralized commerce ecosystem by funding and enabling the development of a stack of specialist applications to disrupt, demonopolize and democratize commerce.

Boson Protocol achieves this via an open tokenized economy of things which:

• automates the redemption of digital rights for physical assets using NFTs encoded with game theory.
• disrupts e-commerce platforms by tokenizing things and their data within a liquid digital market, built on DeFi.

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Let’s rethink how organizations, people and machines transact.

Learn more about Boson at www.BosonProtocol.io

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Want to dive deep? Read our whitepaper.

Lastly, if you’re a decentralization enthusiast, please follow us here, on Medium. We will post frequently about our dCommerce journey and would love to hear your comments!