Recent fast development of crypto-market generated a lot of different applications which can be divided by not so many categories like supply chain, healthcare, AI and Big Data, new blockchain protocols, finance & banking, power and energy e.t.c. Simultaneously appeared a lot of similar projects which could be hardly differentiated from first glance. So this inspired me to review some of them.

Here is presented my summary and key characteristics comparison of recent and upcoming ICOs on the topic of building decentralized marketplaces. I reviewed three of the them: Ink Protocol, Origin Protocol, Origami Network

Idea: Origin protocol offers pure protocols for clients ready to use it when building their marketplaces. Origami Network suggests as well as protocol itself and existing and customizable marketplace. Ink suggest solution first to apply for Listia marketplace and then for others.

Solution: all suggest independent and decentralized reputational base, mean of payment using tokens as collateral. Origin in addition adds developer tools for customers to build and extend Origin platform.

Token economy: the core role of the token will be the main force to increase its value. In this sense Origami Network creates distinctive motivation to use ORI for the zero fee transactions. Besides this Origami and Origin suggested use of tokens in decision voting while Ink Protocol suggested incentives for mediators in form of fees. More or less the economic incentives are equal among these projects.

Team: Origin Protocol look more solid from blockchain point of view and blockchain experience while Origami Network has more experience in marketplace business itself. Ink has both advantages. What aspect of this two sides will mean more? As for the payment and reputation solutions based on Etherium smart contracts being more or less advanced technology one should think that marketing and real partnerships and ability to attract new customers will bring the project more success.

Opportunities: Origami Network and Origin Protocol as enhancement to actual marketplaces is independent of any clients and expanding pool of partners. Origami Network has clear marketing strategy aimed at small to midsized companies first and then on bigger market. Ink Protocol despite their desire to develop further set of marketplace clients is dependent on Listia’s decision that could prevent adding the Ink Protocol to competitor’s marketplace and limit the development.

All details about projects collected from WPs and web are presented here in the table. As Always this is not financial advise, use your own research and due diligence.

Table 1. Source -white papers and web