Opporty Enhances Its Marketplace With Decentralized Escrow by Implementing a Three-Tiered Business Ecosystem

Opporty adjusts its business model by upgrading its business-oriented marketplace with decentralized escrow through the implementation of a three-tiered business ecosystem enabled by PoE protocol.

Opporty, a business-oriented, blockchain-empowered relationships ecosystem from Dover, Delaware, has reached out to prospects and analyzed the demands of the market in blockchain- and crypto-related industries. The team has arrived at the conclusion that, though a project’s existing business marketplace with decentralized escrow satisfies the needs of small and medium enterprises (SMEs), from technology perspective the product needs to cater to a wider range of market demands in the targeted industries.

In a bid to meet the requirements and needs of the market, the team has empowered its business-oriented marketplace with decentralized escrow (alternative dispute resolution) by implementing a three-tiered business ecosystem solution, consisting of:

1. A Proof-of-Expertise (PoE) protocol to process business transactions.
2. A transaction-based scoring system to assign scores to businesses.
3. A B2B platform for business transactions.

In doing so, Opporty not only satisfies the requirements of its targeted audience but also covers the unexplored areas of Ethereum’s functionality to enforce trust and privacy in business transactions.

Opporty’s Track Record

Opporty started out as a service-focused marketplace for small and medium enterprises (SMEs). Later on, the company adopted the Ethereum blockchain as a solution to improve its ecosystem of offers and requests by implementing cryptocurrency payments, smart contracts, and escrow-enabled dispute resolution. The team made concrete steps to make Opporty the world’s first service marketplace with decentralized escrow that enables alternative dispute resolution on the blockchain.

As the platform developed, however, the team reached out to prospects and assessed multiple project reviews to realize that the market needs a business solution that would resolve two fundamental problems:

1. Lack of trust in business transactions
2. Lack of privacy of transactions in traditional blockchain solutions

Thus, the Opporty team has opted to amplify its business-oriented marketplace, introducing three tiers of its upcoming business relationships ecosystem (described below).

Tier #1: Proof-of-Expertise Protocol

Consisting of private and public chains, Opporty’s Proof-of-Expertise (PoE) protocol stores data about transactions, participants, and success metrics. Its major features include:

• Digital business identity
• Storage of transaction metadata
• Privacy of transaction-related data
• Centralized and decentralized escrow mechanisms
• Automatic and semi automatic oracles

The PoE protocol can used in domestic B2B/B2C transactions, international cross-border transactions, and in supply chain risk management.

The protocol can be integrated to any service (which will run a node), such as a marketplace, social network, business identity platform, procurement application, yellow pages, etc. Opporty intends to make the PoE protocol publicly available.

Tier #2: Transaction-Based Scoring System

Opporty’s transaction-based scoring system is empowered by the PoE protocol. It analyzes actual transactions data executed on the PoE blockchain and/or public oracles to assign an Opporty business score, on and off the Opporty marketplace, and to connect domain-relevant expertise to digital business identities. The score is industry-specific and, using Opporty’s API, can be integrated to third-party websites and applications.

Since Opporty’s business score demonstrates and validates a company’s expertise, it can be used in domestic business counterparty verification, cross-border transaction counterparty trustworthiness verification, and in third-party procurement and marketplace applications.

Tier #3: B2B Platform for Business Transactions

Opporty’s B2B platform is built on top of the PoE protocol. Through the use of a combination of public and private chains, the platform establishes trust and maintain privacy of selected business transactions, which makes it a viable solution for domestic transactions, cross-border transactions, corporation and government procurement.

Platform’s users and verified providers are enabled to:

• Post requests for proposals and receive bids from proven business community members
• Build your own business reputation by executing deals, providing services, and educating the community
• Log in niche-oriented offers to target specific, niche-focused audiences
• Execute safe transactions protected by decentralized escrow
• Have your services listed at the B2B service marketplace
• Be rewarded for contributing to community development and for creating business opportunities for other community members

Opporty’s PoE Protocol Release and Public Token Sale

Due to recent changes in Opporty’s business model, the team has moved up the release date of its Proof-of-Expertise (PoE) protocol and has postponed the date of its public token sale, formerly projected to kick off on March 20, 2018:

1. The Proof-of-Expertise protocol will be released ahead of schedule. Realizing the technology’s potential, the team will try to meet the audience’s expectations by releasing it as soon as possible.
2. Unfortunately, the date of Opporty public token sale will be postponed. Since Opporty’s business model has been adjusted, the team will need time to reach out to broader audiences and ensure that potential and existing contributors are informed of Opporty’s new messaging.

The implementation of a three-tiered business relationships ecosystem has opened up a new dimension of the project’s development. The product has been enhanced and adjusted to provide cutting-edge blockchain solutions, not only to SMEs, but also to corporate clients. The project began getting mentioned, not only by small and medium businesses, but also by big players like Boston Consulting Group.

Stay tuned for more updates! We will release notifications about the PoE protocol and delayed token sale shortly.