Proposed Solution

Product and Technology Overview

Financial Inclusion

Through the elimination of KYC or national identification requirements for marketplace access, the unbanked and debanked populations are granted the opportunity to engage in online commerce.

Sign up involves a crypto wallet and the implementation of Zero Knowledge Proof Psudoanonymised digital ID's. Therefore, a user's profile is merely a SHA256 hashed immutable entry on blockchain technology. Reviews and accomplishments are then matched to this hashed profile alongside transactions to support the authenticity of the user's accomplishments and experience.

Neural Network AI Model

All marketplace platforms will use the Three Protocols Neural Network AI model. This model uses the latest alphanumeric AI algorithms to build a real-time updated product, service and real world assets interface for users to interact with. This means that a user will be asked questions by the AI model about what they are looking for, and the model will then give suggestions on what would best suit their situation.

This will radically reduce the search time required for product and service procurement, enabling Three Protocol marketplaces to appeal to Web 2 users due to their great efficiency and accuracy at matching clients to services and products matching their requirements

DAIOs

Traditional DAO systems, until this date, have proved totally inefficient in making consensus-based conclusions on topics other than software or protocol updates. Such successful implementations have been found in Bitcoin, Uniswap, Ave, makerDAO. However, when DAOs have been utilised to make decisions on business, finance, legal and dispute-based dilemmas, they have not been deemed effective enough to sustain an ongoing fulfilment of task requirements.

One of the major causes of this lack of scalability is the issue of accountability. Because DAO members are typically anonymous, there is no method that ensures their commitment to the goals of the protocol. Thus, many DAO members have been found to vote arbitrarily or randomly in order to obtain the vote reward as quickly as possible.

Three Protocols introduces the concept of DAOs (Decentralised Artificial Intelligence Organisations). DAIOs implement open-source updatable AI systems to ensure that voters are voting on an informed and evaluative basis. For example, within Three Protocols eCommerce systems, if there is a dispute between two parties, a voting DAIO member is also required to give a 120-character explanation for their vote. This explanation is then evaluated for consistency with the consensual explanations of the voting cohort to give the voting member a ISR (informed specificity rating).

Furthermore the last 10 votes of the voting member are also taken into account and an AI system is run to see to what extent the voting member was consistent with the rest of the voting cohort. This metric is also a contributing factor towards the ISR score, once a voting members ISR score drops below 45 points they are then disqualified from a certain number of the next consecutive votes relative to the extent to which the score has dropped below 45.

Escrow Dispute Mechanism

The $THREE marketplaces are designed to operate with users holding pseudonymous or anonymized public key hashes, mandating sellers to commit a predefined cryptocurrency amount to cover potential dispute fees when engaging in contracts. Concurrently, buyers will be required to escrow the value of the product or service, which is disbursed to the seller only upon confirmed receipt. For instance, within the Jobs3 framework, a project manager seeking web design services would deposit 1000 $THREE tokens into a DAIO-involved, tri-signature wallet, while the web designer contributes a dispute fee of 5 $THREE tokens to the same account.

In the context of a filed dispute whereby the discussed service was not delivered, the dispute fee is paid by the party to whom fault is assigned. If fault is equally assigned both dispute fees will be returned to their respective owners. For example, In the circumstance whereby the buyer is not satisfied with the provided product, the buyer may initiate a dispute. At this point, the buyer would transfer 5 $THREE tokens into the tri-signature wallet and the dispute process would be instigated.

Both parties would be granted a given amount of time to submit evidence, and a 51% consensus would be sought from the DAIO members after this time period. These decisions are executed via a Tri-Signature wallet architecture involving the buyer, the seller and the DAO authority.

DAO-Based Dispute Resolution

Marketplaces under the $THREE project umbrella will implement governance via the $THREE DAO, leveraging cybersecurity expertise from the Tectum team and premier auditors to ensure platform security. This governance model permits payment and fee processing across various blockchains and currencies.

Cryptocurrency Transactions

Current marketplaces seldom facilitate transactions in cryptocurrency, particularly without a DAO to manage disputes, highlighting a gap that the Three Protocol intends to fill.

Cryptocurrency Usage

The Three Protocol's platforms will empower consumers to transact in cryptocurrency for a wide range of goods and services, thereby promoting global cryptocurrency adoption.

Decentralized Marketplace Initiatives

The project will introduce decentralized counterparts to existing services, including:

  • Jobs3: A decentralized alternative to Fiverr and Upwork.

  • 3Taxi: A decentralized service akin to Uber with an upfront payment model for initial reviews.

  • 3Bay: A decentralized platform for auctions and sales, emphasizing quick and impartial reviews.

  • Auto3: A decentralized automotive marketplace.

  • 3Eats: A decentralized food delivery service rivalling Deliveroo.

Distinctive Advantages and Propositions

Two-Way Referral Program

The project incentivizes user expansion through a referral program that rewards both the recruitment of new users and the enlistment of additional sellers or service providers.

Stakeholder Rewards

A portion of platform fees will be redistributed to those staking the $THREE token, fostering a vested community interest in the network’s prosperity.

Three Pay

A current global eCommerce problem is the lack of private cryptocurrency payment gateways with decentralised buyer protection mechanisms. Due to three protocols tri-proof smart contracts and their DAIO systems, all the features required to replicate the payment and dispute reconciliation elements found within popular fiat payment gateways such as Paypal and Stripe are inherent.

Therefore three protocol are developing the first ever buyer protection based anonymous private crypto currency based payment gateway. This gateway will be built upon an API interaction with the Tri-Proof smart contracts and the DAIO systems to enable any website or online store to accept cryptocurrency payments and offer buyer protection to their customers.

The online store will apply to the DAIO with CToP (Consensus Terms of Protocol) accompanied by a submission fee paid in the £THREE token. The CToPs will include instructions by which the DAIO must vote, which will be specific to the product, service, location and customer base the online store utilises. Once accepted, the CToPs will be included in a smart contract attached to the Tri-Proof and DAIO smart contracts visible on the host blockchain. DAIO members will then be required to make their dispute-based decisions in coherence with the CToPs, and any customer will have access to the CToPs prior to making a purchase.

Due to these implementations, Three pay has the capacity to be much faster than current payment gateways that are required to incur the delays of the swift system when transacting in a cross-border environment. It also have lower fees as the swift system charges users high cross border transactional fees. It will have the capacity to resolve disputes in a much shorter space of time, as CToPs can be configured to resolve disputes within hours. Three Pay will also have greater scalability as it will not require users to hold a bank account but rather just a crypto wallet, thus drastically lowering the barriers to entry for customers.

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