Online marketplaces and international borderless transactions are one area where blockchain technology seems to have an absolute surety in future applications. This potential was identified early on by blockchain enthusiasts and opportunists and thus, during the peak of the 2017 Bitcoin bull run, many decentralized marketplace models were announced and millions of dollars were raised in Initial Coin Offerings. However, once the dust settled, the very promise of decentralized marketplaces has hit several roadblocks. As it turned out, eventually, many of the projects couldn’t deliver because of a lack of vision and consistency after raising huge amounts of money. One
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