Whats is Yooba Project?

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What is Yooba Project?

Yooba is a decentralized e-commerce system based on blockchain technology, where anyone can securely and privately provide services and purchase services

Yooba is committed to allowing all consumers to conduct global consumption security, privacy, freedom, and convenience ,through one account; and is committed to establishing a global, decentralized, transparent, fair, and dynamic business platform

Share/sell/discover goods and services anytime, anywhere
Supermarket platform
Supply chain
Insurance
Storage, artificial intelligence, etc.

Yooba Features:

Account:

Basic account types, such as transfers, transactions, uploading or offline products and services, buying and selling merchandise services, setting up personal homepages, creating smart contracts, private chat, and other activities

Store:

Store has more features than Account, but there are a few limitations. Store has most of Account’s features Store can contain Store and Account inside, Store itself can become a big platform Certain activities of the Store have certain privacy restrictions

Contract:

Smart contracts are written in Turing complete language and run on virtual machines. It can complete a wealth of functions. Including insurance, logistics, security, virtual products and other scenarios using Contract. Privacy in Yooba’s business is also provided by smart contracts.Provide zero-knowledge proofs, ring signatures, and other privacy options for users to choose.

How Does Yooba Work?

We all know that the role of trust in trading is very important. Normally, the regular seller does not care who the buyer is. As long as the money is received, it will provide services or goods. The buyer often requires more knowledge of the goods and the seller to be able to hand over the money. Usually, the buyer wants to protect privacy as much as possible, and the seller wants to promote its own brand as much as possible.

The buyer’s fundamental appeal is to hand over the money to buy a good product, and the lesser the person who knows his real name, gender, age, identity ID, phone number, what to buy, etc., the better. On Yooba users only need to enter the correct parameters into the product contract. Then according to the commodity price, transfer the corresponding token to Account/Store to obtain the corresponding goods or services. The seller only knows someone bought his product, and where the product is sent or which account receives the product. Other information about buyers does not need to be known at all. So the seller is usually willing to inform their users of their information. However, buyers generally do not trust undisclosed individuals or unknown small groups. In the absence of third-party guarantees, users who are cautious are generally not going to buy their products. So even if there are a lot of personal Accounts uploaded products, it is still an adventure for ordinary users to buy their products. Because the user may have given the money, but could not receive the product and could not find the merchant (part of the information provided by the merchant is false). But there are always some users willing to buy their products. Such as business acquaintances, after confirming their identity through the line, willing to trade with the city offline users, users willing to risk rare products. We hope that a wider range of users can enjoy Yooba's services. Yooba offers Store account types to provide better services and attract a wider range of users and businesses as much as possible.

Assume a very well-known brand, create a Store account through the Yooba client, and upload their own product. Then on its own official website (trusted place), it accesses the Yooba service through Yoobajs, logs in to its Yooba Store account, and can display the products in its Store account on its official website (of course, the display page needs to be customized ), so that users can use Yoo token to buy their products very confident because their official website is trustworthy. This way to promote, users can log in to the browser Yooba plug-in, browse where (game site, music site, video site, shopping site, etc.) to use the token to buy on the line, do not need to log in other exposed privacy account, Buy more convenient and faster. Let's assume another scenario. Another well-known shopping site wants to add more products and build a big platform. These large platform-type stores can also allow many local trusted individuals and small stores to join. These large stores can have their own authentication mechanisms for small stores within their own platforms. They have the responsibility and obligation to screen their service providers to protect the interests of users. Because the external users see a large store, they will be charged according to the contract a fee for the merchant within the platform. In addition, these large stores can introduce service providers such as insurance to increase theirs.