A new blockchain startup company, Origin, promises to enable peer-to-peer businesses build on a blockchain that has protocols that allow these businesses to more easily build decentralized marketplaces, thus encouraging the emergence of the sharing economy.
San Francisco–based startup Origin is creating a set of protocols that allow developers and businesses to build decentralized marketplaces on the blockchain, with a focus on the sharing economy.
The Origin Protocol is a set of open-source blockchain protocols for buyers and sellers of services like car-sharing or home-sharing to transact on a decentralized, open web platform.
The protocol’s applications will store transactional data such as pricing and availability directly on the blockchain.
Leveraging the Ethereum blockchain and the Interplanetary File System (IPFS), the Origin platform will create and book services and goods in a decentralized way, without traditional intermediaries.
Recently, Origin launched its functional, completely decentralized prototype Origin Protocol Demo DApp, live on the Ethereum test network. It also announced that several companies have committed to developing further applications on the Origin platform.
“Our vision for Origin is to create protocols that allow marketplaces to be governed by a set of rules instead of corporate rulers. We want to eliminate the rent-seeking middlemen, maximize personal liberty, reduce censorship and redistribute value to the early participants in the network,” Origin co-founder Josh Fraser said in conversation with Bitcoin Magazine. “Partners are building on Origin because they realize they can get to market sooner and we can share network effects by working together.”