Trusting strangers online is always an issue when making purchases or establishing any kind of monetary transaction with others. Maybe there are some enticing offers around or some really inexpensive providers in distant countries. However, how do you know they can be trusted? And how do they know can be trusted? you Well, that’s possible and easy now by using the and cryptocurrencies. ArbStore Operating on the decentralized , ArbStore ensures safe transactions through smart contracts (without coding for users) and cryptocurrencies, offering a decentralized escrow that safeguards funds until conditions fulfillment. This is a new decentralized escrow payment solution, specifically designed for international trade. Obyte crypto platform With the added layer of protection from independent arbiters in case of disputes, parties involved are assured a fair resolution process. ArbStore's appeal lies in its global and unstoppable nature, providing a secure, privacy-centric environment through end-to-end encrypted communication. Offering a low and transparent fee structure, it eliminates the risks of fraud, making it an ideal solution for individuals and businesses seeking efficient, secure, and truly global payment methods in cross-border trade. Let’s check some businesses and online platforms that could greatly improve their services and trust by using this smart contract tool. E-Commerce Marketplaces In case you didn’t know, global e-commerce sales to increase to over $58 trillion by 2028. This is, undoubtedly, a good field to do business from now on. are expected On the other hand, the use of Distributed Ledger Technologies (DLT) tools like the Arbstore is anticipated to result in an increased value for businesses, $176 billion by 2025. exceeding You can take advantage of those benefits too. By eliminating concerns related to fraud, ArbStore facilitates smoother transactions, reducing the likelihood of chargebacks and payment disputes. This enhanced security not only improves the overall user experience but also encourages repeat business and customer loyalty. Moreover, the platform's global and anti-censorship transaction capabilities break down geographical barriers, expanding the marketplace's reach and catering to an international customer base. In addition to the financial benefits, Indeed, according to a , 81% of consumers are now worried about the use of their private data in online platforms. the privacy-centric approach of ArbStore, with end-to-end encryption, ensures secure contract negotiations, further instilling confidence in users. study by IBM ArbStore can offer fully private and protected transactions since no one (not even Arbstore itself) can see or manipulate the contracts —only the involved parties and, if needed, the arbiter. An Example of Marketplace Use The usability would be simple. Let’s say that Alice is a furniture manufacturer from A country, while Bob is looking for a wholesale provider to resell that kind of product in B country himself, and he’s looking for the most convenient deal online. They can find each other through the C Marketplace, where the is integrated. ArbStore Then, they discuss the terms of their contract privately, select a professional arbiter from the ArbStore, and make a in the Obyte wallet, locking the funds until conditions are met. If everything goes as planned and the product is received, Bob (the buyer) will release the funds to Alice. If there’s a dispute for any reason, either party can invoke the arbiter and present their evidence to obtain a fair decision. contract with the arbitration In the latter case, the arbiter wallet address must release the funds to the buyer or the seller, depending on their decision. And that’s it! No one but the parties involved can see or manipulate the deal. Classified Advertisement Platforms Classified ad platforms are like the Wild West of the Internet for users. Anyone can find superb offers there, but also a criminal or a scam. You can’t exactly trust a random guy offering a low-price iPhone or a good-looking gig on one of these sites. Not even if you meet them in person —which is kind of dangerous too. **But wait: everyone can do it now with the . Even if they’re in different regions or countries. \ By implementing this decentralized escrow system, these platforms could alleviate concerns related to fraud and physical assaults, ensuring secure transactions. The heightened security could foster trust among users and contribute to a streamlined user experience. ArbStore Besides, the integration mitigates the risk of payment disputes and also attracts a larger user base seeking the safety and reliability afforded by ArbStore's infrastructure and the global and of cryptocurrencies. decentralized nature In this case, Bob could actually sell a cheap iPhone to Alice from one state to the other, or from one neighborhood to the other, without meeting in person or even leaving his home. If Alice receives her package without issues, she’ll release the funds to the seller. If there’s a disagreement, they can ask for the help of the previously selected arbiter. The whole process is tamper-proof. Gaming Communities These days, many kinds of games include in-game transactions and exclusive digital products like premium skins or items, and a wide variety of Non-Fungible Tokens ( ). Gamers worldwide need secure internal transfers, so they can trade unique digital property without fraud. NFTs Meanwhile, this market is growing quickly. Recent have shown that the gaming sector is poised to reach an estimated $626 billion by 2028. industry stats Offering enhanced security and transparency, they can ensure fair gameplay, eliminating concerns about cheating or fraud. Smart contracts are playing a pivotal role in transforming this market, particularly in managing in-game assets and transactions. with its integration into the gaming landscape, could significantly enhance the gamer experience and the business of gaming. By seamlessly incorporating user wallets and decentralized storage solutions, ArbStore would empower players to securely manage and transact their in-game assets. ArbStore, This integration aligns with the principles of new game development, offering a secure and user-friendly environment for gamers worldwide. P2P Trade Platforms There are all kinds of P2P platforms lately, but the more expensive the assets involved, the more complex it could become to trade them. For instance, a real estate property, a vehicle, or an original artwork. Most people could risk that a nice lamp or a T-shirt never arrives, but they’d never bet on a high-value asset or . So, there are often some quite expensive middlemen in the process. wholesale purchases For instance, consider a business wanting to buy a fleet of vehicles internationally. By utilizing this decentralized escrow platform, the buyer locks funds in a smart contract, ensuring the seller receives payment only upon successful asset delivery. Of course, ArbStore can help in these circumstances as well, taking a drastically lower fee. This mitigates the risks associated with cross-border transactions, fostering trust between parties. The decentralized nature of ensures privacy and eliminates the need for intermediaries, streamlining the process. ArbStore This approach makes ArbStore an ideal solution for businesses engaged in large-scale, high-value transactions, offering a secure and transparent platform for seamless global trade. Global Freelance Sites and Job Platforms With over 1.5 billion freelancers to the gig economy worldwide, the need for secure and efficient payment methods is paramount. Traditional payment methods often pose issues like delays, high transaction fees, and currency conversions, hindering the freelancer-client relationship. contributing And that is a very positive relationship for businesses: ** up to 30% by hiring freelancers worldwide. \ So, they should be more interested in offering secure and quick payment processes to expand their reach and long-term revenue. ArbStore could be a powerful tool to do this. For example, Alice, in country U, could hire Bob, in country Y, to make a whole website for her company. they can save After both parties download the Obyte wallet, they agree on contract terms and select an arbiter for dispute resolution (in case they have a dispute in the future). Alice then locks the project funds in a contract with arbitration, establishing a . decentralized escrow As Bob completes the task, Alice releases the corresponding funds. The transparency of the smart contract ensures trust, and in case of any dispute, the chosen arbiter steps in for a fair resolution. Throughout the process, the privacy-centric nature of ArbStore allows confidential contract details to remain solely between Alice and Bob, offering a secure and efficient way to facilitate their website development project and all involved payments. -- After all these considerations, we can say that , operating with crypto, stands out as a secure decentralized payment solution. These features make it an optimal choice for businesses, along with its mature infrastructure, scalability, and low fees. ArbStore Utilizing smart contracts on the Obyte platform ensures decentralization, security, and . sustainability If you’re looking forward to a partnership or integration, please contact us at . partners@arbstore.org Featured Vector Image by pikisuperstar/ Freepik
