What is Beckn?
Beckn is an open-source protocol for building decentralized and interoperable marketplaces and ecosystems.
What Beckn enables?
The Beckn protocol enables the discovery, listing, and exchange of goods, services, and digital assets on a peer-to-peer network, using smart contracts and blockchain technology.
Main Feature of Beckn?
One of the main features of Beckn is the ability to create interoperable marketplaces that can connect with each other and share data and functionality, creating a network effect. It can be used to build marketplaces for various industries and use cases such as e-commerce, education, and skilling, job marketplaces, and more.
How Beckn works?
Beckn uses a token-based economy to incentivize participation and contribute to the network. It has a native token called BKN, which can be used for listing and promoting items, accessing exclusive features, and more.
Infrastructure for Beckn?
Beckn's infrastructure is built on top of the Ethereum blockchain, which makes it secure, transparent, and tamper-proof. It also uses InterPlanetary File System (IPFS) for data storage and retrieval, which enables faster and cheaper data transfer.
Beckn also has a built-in reputation system that allows for the assessment of the trustworthiness of the different actors in the marketplace, thus promoting trust and fairness.
In summary,
Beckn is an open-source protocol that aims to create decentralized, interoperable, and trustful marketplaces and ecosystems by leveraging blockchain technology and smart contracts. It aims to open possibilities in multiple domains and provide equitable and trustworthy discovery of opportunities.
- Baljeetsingh