dCommerceMarketplace

What is dCommerce?

Photo by Lily Banse on Unsplash

@dCommerce is a split or fork from the previous @dstors community. Apparently, there was some sort of leadership drama and other factors that lead to @dstors ending services and then @dCommerce to begin. Some people are a bit skeptical of these projects.

These are non-traditional ways of doing things in a still very new ecosystem of technology and social order. No matter what, mistakes are going to be made. The flip side of that of course though is that something new and transformative is here somewhere.

Open or Not?

@dstors was an open source project and @dCommerce claims they are not interested in being open source, but rather are trying to run like a standard “for-profit” business.

I would argue that an open source based business can certainly be used for profit, but either way, let’s look more into the project. There is no doubt I’m biased.

The purpose stated by @dCommerce “is to match willing buyers and sellers through a crypto token rewards based, peer to peer, borderless shopping platform.” The dCommerce Token (DCC) will first be launched on the Bitshares (BTS) exchange since SMTs are not ready yet.

How Does It Work?

Their motto is, “Monetize Your Shopping”, but I must admit that I haven’t been able to wrap my mind around the paradigm yet. I haven’t seen a working model or example of how this will work, so I can’t decide what I think of it.

The project’s website, dCommerce.live is just a GoDaddy landing page at the time of writing, although the latest post claims an updated timeline and stratagy plan is coming soon.

This is not a Steem specific app. That isn’t a good or a bad thing, but simply something worth noting. Seller transactions and Seller Reputation System (SRS) will be held off chain. As mentioned earlier, their tokens are to be initially using the Bitshares blockchain. It is unclear if the plan is to switch to SMTs after they finally come out.

Buyer and Seller Protection?

There have been plenty of questions about escrow services and the response from the team is that there will be a focus on buyer and seller protections. I haven’t found a white paper to describe this system.

This is among the most important of all the things that a trading platform needs. I have used [Purse.io](https://purse.io/) a lot of times to buy things with bitcoin, and a few of those times I did need the intervention of their moderating/ escrow services. Generally, the store itself is the moderator, with it’s reputation at stake, but in a peer-to-peer model, the players don’t generally have enough reputation to be safe to deal with unless there is also a trusted third party ready to offer a remedy for situations as they arrive.

Steem Isn’t Very Big, Is There Enough To Support a Project Like This?

Every project I have seen so far needs a bigger audience than what Steem currently has. Any community building here should be planning to market outside of the Steem eco-sphere and bring users in. I believe that is inevitable for a growing business to survive.

dCommerce states that it is appointing staff and planning a considerable outside market pull. This will be using social media to attract people from the usual sites like Facebook, Twitter, etc.

Clearly, this project has a lot of work to do, so I will be keeping an eye out for the future of dCommerce.

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