this post was submitted on 27 Jun 2023
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Technology

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[–] projectazar@kbin.social 8 points 1 year ago (1 children)

Another notch in the portfolio of "public companies" being made worse due to shareholder supremacy. Public companies aren't even really public anymore given the advent of a million tools to limit the role the public has in governance.

I wonder if it would be possible to develop a federated model for sales. You'd like still need a platform like shopify between the consumer and the manufacturer, but the point of Etsy wasn't just the commerce side, it was also the discoverability and searching side. I wonder if a federated approach to searching for products utilizing independent websites or marketplaces, but with a unified search and sales platform would even make sense as a means to offer a decentralized marketplace. On some level that'd be just a digital swap meet/flea market, but with less oversight and commerce protection of a centralized platform like Etsy or Ebay.

[–] AdminWorker@lemmy.ca 1 points 1 year ago (1 children)

Omg please can this be a thing! However if there is money, bots will come.

[–] FaceDeer@kbin.social 0 points 1 year ago (1 children)

Such things already exist. They have two main problems, though. Firstly they're still very new and complicated to interact with, so there's not a lot of buyers and sellers yet. And secondly, they rely on cryptocurrencies and so have an enormous stigma associated with them. The technology is sound, though.

[–] AdminWorker@lemmy.ca 1 points 1 year ago

Thanks for the link, i learned from that. It looks like OpenBazaar closed its door/servers when the investment money dried up.