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ReLisk Marketplace

Welcome to the ReLisk Marketplace, a decentralized application (dApp) built on the Lisk L2 Network. This innovative platform is designed to revolutionize the buying and selling of secondhand and consignment goods through blockchain technology. By leveraging Non-Fungible Tokens (NFTs), ReLisk ensures each item's authenticity and ownership is securely recorded, providing a transparent and trustworthy marketplace. The market for second-hand goods is plagued by counterfeits and trust issues. ReLisk’s blockchain integration provides a reliable way to verify the authenticity of each item sold, reducing the risk of buying counterfeit goods.

Problems Solved

• Authenticity and Provenance: ReLisk uses blockchain to create a permanent, immutable record for each item minted as an NFT. This ensures that the authenticity and history of each item are transparent and verifiable, helping to prevent the sale of counterfeit goods.
• Transaction Security: Transactions on ReLisk are secured using blockchain technology, which means all changes of ownership are recorded in a tamper-proof manner. This reduces the risk of fraud and increases the safety of both buying and selling.
• Payment Security: Traditional online transactions can expose users to risks such as payment fraud or chargebacks. ReLisk mitigates these risks by utilizing blockchain for transactions, where payments are secured and irreversible once confirmed, protecting both parties.
• Trust and Transparency: The immutable nature of blockchain records means that every transaction is transparent and traceable. This transparency builds trust among users, as they have clear insight into the item’s history and the transaction process.
• Environmental Impact: By promoting the sale and reuse of second-hand goods, ReLisk supports sustainability. It provides an efficient platform for the circular economy, helping reduce waste and the environmental impact associated with producing new goods.

Key Features

Smart Contract

• NFT Minting: Users can mint NFTs representing physical or digital secondhand goods, complete with detailed metadata to ensure traceability and security using the ERC721 standard.
• Decentralized Listings and Sales: Sellers have full autonomy to list their items at desired prices, and buyers can purchase directly through the platform, with all transactions immutably recorded on the Lisk blockchain.
• Secure Ownership Transfers: Ownership of NFTs is securely transferred upon purchase, ensuring clear title transfer and minimizing the risk of fraud.

Frontend Functionalities

• Minting Interface: Sellers can easily mint and list items via a user-friendly web interface, entering details, set prices, and uploading images and descriptions of the items they wish to sell.
• Inventory Management: Users can manage their collection of minted NFTs, keep track of items listed for sale, and revoke listings.
• Marketplace Access: Integrated directly into the frontend, the marketplace offers a seamless browsing and purchasing experience, allowing users to explore available items and conduct transactions with ease.

Documentation Links

Future Implementations

• Load Time Reduction: We are actively working to improve the load times of our platform, which currently range from 2-4 minutes as data is pulled directly from the blockchain. We plan to implement caching strategies and optimize data retrieval processes to enhance the user experience by speeding up the loading of marketplace data.
• History and Accounting API: We plan to integrate a comprehensive API to track the history of items sold and generate detailed sales reports. This will also facilitate better inventory management for both individual sellers and partnered stores.
• Shipping Tracking Integration: By incorporating advanced shipping tracking capabilities, we will enhance the buying and selling process, providing real-time updates and ensuring a smooth transaction flow from sale to delivery.
  • Real-Time Tracking Updates: Both buyers and sellers will be able to track the shipping progress in real-time, directly within the ReLisk platform.
  • Automated Confirmation and Escrow Release: Upon confirmation of delivery via the shipping API, funds held in escrow will be automatically released to the seller, enhancing security and trust in the transaction process.
• Strategic Partnerships: Partnering with local thrift, secondhand, and consignment stores will allow us to leverage their expertise in verifying the quality and condition of physical goods. This adds a significant layer of trust and authenticity, crucial for buyer confidence.
  • Local Pickup Options: Offering local pickup options will reduce shipping costs and wait times, fostering community interaction and enhancing the overall user experience.
  • Streamlined Logistics: Small stores will assist with the packaging and shipping logistics, simplifying the process for individual sellers and improving operational efficiency.
  • Hybrid Shopping Experience: Our partnerships will bridge the gap between online and offline shopping, providing a more flexible shopping experience where customers can inspect items in-store before completing their purchase.
• Enhanced Listing and Search Features: Adding categorization, advanced search, and sorting functionalities will improve user experience by making it easier to find specific items based on various criteria like price, date listed, or popularity.
• Auction and Time-Limited Sales Options: Introduce flexible selling options, including auctions and time-limited sales, to provide sellers with more control over how they sell their items and to engage buyers in a dynamic purchasing environment.
• Batch Operations and Enhanced Security Measures: Future updates will include batch processing capabilities to streamline transactions and introduce a withdrawal pattern to protect against security vulnerabilities, enhancing the overall security and efficiency of the platform.

Built With

• blockchain
• hardhat
• nextjs
• node.js
• solidity
• typescript