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

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 DAO-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 DAO 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.