Current risks:
Buying phones on Xianyu? They might be refurbished! Cash on delivery? You might receive counterfeit bills!
@OpenledgerHQ's second-hand transaction protection:
Complete product history
The phone's journey from the factory to each transfer is recorded on the blockchain, so you can easily check if it's refurbished.
Escrow service
Buyer payments go to a smart contract, and funds are released only after confirming receipt, so you won't have to worry about being scammed anymore.
Real case:
After the pilot in Huaqiangbei, Shenzhen:
Disputes over second-hand electronics decreased by 80%
Some buyers discovered sellers were hiding repair records and directly canceled the transaction.
New way to trade second-hand:
Luxury bags with on-chain traceability
Paying with cryptocurrency means you don't have to worry about being scammed through bank transfers.
#OpenledgerHQ #Cookie @KaitoAI
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