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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Brian Hoffman: OpenBazaar – Peer-To-Peer Commerce, Third-Party Arbitration, Ricardian Contracts
Description: What Bitcoin did for money, OpenBazaar is trying to achieve for commerce. Born as a fork of the Dark Market project, OpenBazaar aims to facilitate online trade by removing unneeded middlemen. Built as an open source protocol, users simply install the application on their computer to gain access to marketplaces available on the network. From the app, they may also place items or services for sale by creating “Ricardian contracts”, which get propagated to the network and made accessible to everyone to see. The protocol, which uses Bitcoin as a means of payments, utilises multi-signature transactions. This makes it poss...