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Ink Protocol an innovative and Promising Blockchain project can be integrated into new or existing marketplaces and can also be used in marketplaces that don’t directly handle payments.
Ink Protocol doesn’t require a marketplace. It can be used for any peer-to-peer transaction, regardless of where it happens.
Ink Protocol helps users safely send and receive payments in P2P marketplaces while earning public reputation for every completed transaction.
Sellers can take their earned reputation with them from marketplace to marketplace.
To ensure sellers’ reputations are credible, feedback may only be given on completed transactions.
Ink Protocol’s built-in dispute resolution allows a mediator to be assigned to a transaction. Mediators exist as independent Smart Contracts and are jointly agreed upon by the buyer and seller.
With mediation, payment is held in escrow until the buyer confirms the transaction. In the event of a dispute, the mediator works with both parties to decide on an outcome.