Origami Network — Our vision for the future of the Online marketplaces market.

How Origami Network will disrupt and add value to this growing market ?

Online marketplaces are widely used all over the world as a mean for buying products and buying services (1 trillions dollars market in 2016 : https://www.digitalcommerce360.com/2017/07/11/sales-marketplaces-grow-22-2016/), but still, running an online marketplace is reserved for companies that either:

Have a very large budget, have the high qualified software developers

Are able to spend over a year to build their marketplace, yes it takes that long to build something from scratch in this world.

Because, building and running an online marketplace requires a lot of cash for several reasons :

Actually building the platform

Handling the payment fees for the escrow systems

Employees to moderate the reviews

Our main vision with Origami Network is to empower every actors to create and build marketplaces more easily with a very low “entry cost”.

How do we achieve all this ?

Platform creation

Fast online marketplace building

To create an online marketplace, we designed a solution that allows the deployment and launch of a marketplace to be really fast (~ 1 week to get a running platform). We are the only one on the market to be able to achieve such a thing.

One of our other advantage, is that third party developers can easily add third-party modules on top of our APIs, this will act in the interests of the marketplace operators.

Our product is set to be enhanced by the customers’ feedbacks of the Origami Network.

Decentralization as a need, not a marketing argument

Operating an online marketplace requires a lot of efforts into different areas:

Marketing to recruit sellers and buyers.

SEO and SEA

After-sale services

Catalog needs to be well designed and easily us by end-customers

On this regard, the operators of the marketplaces are the real key people for the future success of their marketplace.

The problem that is currently happening of the big marketplaces (e.g Uber, Amazon…) is that there is a lot of « drift » regarding the operators-sellers relationships, and the particular monopoly position operators have.

As an example, we have seen a lot of protests from Uber driver, or Amazon seller regarding the fees, and reviewing (e.g https://www.vogue.com/article/uber-how-to-get-5-stars-rider-rating).

In our team’s vision, decentralization should focus on 2 key points:

Lowering the payment fees for sellers, and transaction fees

Restore the confidence between sellers and end-customers through trusted reviews

Decentralization of the Product management, could be very risky regarding those different issues:

Scalability of the blockchain on big data (product informations)

Products/services are not persistent datas, storing it a blockchain could be a nonsense

How to ensure the quality of the marketplace catalog if the PIM is completely decentralized ?

So now, how to tackle the issues regarding the fees and the trusted review system ?

Reducing fees for sellers

Reducing fees for sellers is really important to empower the marketplace.

We want to tackle those issues by :

Providing a complete solution for a cost that is in line with the real cost of a marketplace

Providing a solution without payment fees

Origami Marketplace Fees

Origami Marketplace fees are computed regarding a number of transactions on the marketplace.

It is a win-win way of working.

The main idea, is to keep low fees on the sellers (and don’t take ~ 25 % of their margins).

Payment solution fees

The idea behind the creation of the ORI tokens, is to create a 0 % fees payment system, based on it.

This will allow sellers to make discount / cashback for people paying in ORI. The buyers will be encourage to pay in ORI, and the sellers will encourage people to pay in ORI.

Origami payment will be built as a set of smart contracts, and will be open-source to allow people to use it as a mean of payment on their platforms.

Restoring confidence between sellers and customers

There is a big flaw regarding the reviewing systems in the actual marketplace. Customers tends to review sellers when there is a problem, and big marketplace (such as Amazon, Uber) tends to pressure seller to get a higher rating.

The key point of our reviewing systems is that the relationship is really between sellers and customers :

End-Customers are incentive to make review on sellers by being rewarded.

Reviewing system is between seller and customers, not between seller, customers and operators

Reviews are stored on the blockchain allowing to see every exchange between sellers & customers.

Our reviewing system will be built on top of smarts contracts, that can be used outside of the Origami Marketplace.

More informations on Origami network : https://ori.network

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