Traditional online auctions are not safe: One in ten people fall victim to online fraud. Online marketplace scams are one of the fastest growing internet crimes, with approximately 70% of the total reported internet frauds.
Conventional online Marketplace platforms all have one common enemy: scammers. Every buyer feels some kind of anxiety after winning an auction bid and transferring their payment. Uncertain if the product will be as described and even wondering if it will arrive at all.
The final solution to scammers. Registry Blocks creates the first solution to safely buy and sell goods between two private parties.
By introducing the decentralized Registry Blocks powered Marketplace, users will always get exactly what they purchased.
Authentication ensures a registered item put up for sale in posession of the seller and not a counterfeit.
Online Marketplace Partners are able to promote and utilize the security Registry Blocks Marketplace offers. Parties like Ebay and Craigslist could, for example, recommend their clients to exclusively buy Registry Blocks authenticated items to enhance security and to prevent getting scammed.
- Protected from scammers: the registered item exists.
- Purchased item is authenticated (not a counterfeit).
- Trustworthy reputation by offering a Registry Blocks registered product.
- Decrease of scamming on their platform by adopting Registry Blocks technology.