This article was first published on ostdotcom - Medium
Recap from OST LIVE with Matthew Liu of Origin Protocol — Building Decentralized Marketplaces
Matthew Liu is the Co-Founder of Origin Protocol, which publishes a protocol for creating sharing-economy marketplaces using the Ethereum blockchain and IPFS. Matt was the third product manager at YouTube (acquired by Google) and VP of project management at both Qwiki (acquired by Yahoo) and Bonobos (acquired by Walmart). He joined us to discuss how Origin is creating a sharing economy without intermediaries.
Liu says centralized marketplaces like Uber and Airbnb are examples of “large monopolies that have created a ton of value for their customers but have also captured that value in monopolistic terms.” Origin, in contrast, “can enable true peer-to-peer commerce for all developers while allowing buyers and sellers to connect,” he says. Origin has also built a decentralized application (Origin DApp) that can be accessed from anywhere, allowing for people to buy and sell using the Origin protocol.
Today’s Sharing Economy
Internet marketplaces have been around for more than 20 years, including ebay and craigslist. Over the past two decades we’ve seen free marketplaces rise and start becoming great businesses.
In the past decade, Airbnb and Uber pioneered the concept of the sharing economy. The sharing economy consists of service providers ...
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