BOSON PROTOCOL

VISION

The vision for Boson Protocol is enabling a world where our commerce and the last-mile supply chain infrastructure are not captured by one or a few extractionary intermediaries. A place where participants, be they consumers or firms, can participate in commerce in a way they share in the value that they create. Other first-generation centralized platforms remove the intermediary but they retain a human arbitrator to manage things like reversals, disputes, but what boson protocol does it replaces human arbitrators with a piece of game theory and that game theory means that we can automate away a lot of that cost and friction delivering what they call Decentralized Autonomous Commerce.

“Our vision is to become the basic plumbing for commerce and its data on the emerging decentralised web, where the value captured is distributed equitably between token holders and protected from capture by a single centralised entity.” — Justin Banon, Boson Protocol founder

Boson can be conceptualized in a variety of ways: (taken from their whitepaper)

  1. As a set of smart contracts, components, and standardized interfaces.
  2. As SMTP (Simple Mail Transfer Protocol) for transferring non-monetary value.
  3. As a universal means to commit, store and transfer promises.
  4. As a decentralized commercial oracle.
  5. As “Thing tokens flowing around a thing economy” (Trent McConaghy).

DIGITAL TO PHYSICAL PROBLEM

Boson automates digital to physical redemptions by tokenizing a Buyer and Seller’s commitment to exchange digital value for a real-world “Thing” (goods and services) at a later date. Commitments are made by depositing digital value (be it anything) into an escrow contract within a stateful non-fungible commitment token.

HOW DOES IT WORK

In the same way that DeFi is disrupting banks with ‘MONEY’ tokens flowing around an open tokenized money ecosystem, and Ocean Protocol is disrupting Facebook and Google with ‘DATA’ tokens flowing around an open tokenized data economy. Boson Protocol disrupts e-commerce platforms with ‘THING’ tokens flowing around an open thing economy.

USE CASES

  • ONLINE COMMERCE: Open digital marketplaces where any Thing can be offered, searched and exchanged with minimized trust and cost.
  • CRYPTO EXCHANGES: Enabling exchange tokens to be redeemed for real-world rewards directly from an exchange marketplace without touching fiat, thus increasing token value.
  • TOKENIZED NETWORKS: Enabling users to exchange their network tokens for digital and physical goods and services, in order to increase user-perceived value and token value.
  • LOYALTY AND REWARDS: Enabling loyalty programs and credit card rewards to offer any digital or physical Thing in a standardized, composable and interoperable digitized format, without the cost and friction of intermediaries.
  • GAMES: Enabling video games to gift or grant permission to buy rare or special items. For example, on completing a certain achievement in the game, a player has the right to buy a special t-shirt or a physical copy of an item. Imagine that your favorite in-game items could finally co-exist with you in the physical world.
  • I-GAMING: Enable online and on-chain casino customers to earn real-world prizes and purchase real-world items with winnings without touching fiat.
  • PHYSICAL TWINS OF DIGITAL ART: Enable NFT artists to offer physical twins or physical copies of the same item, trustlessly via NFTs which can be redeemed for physical artifacts.
  • MACHINE-TO-MACHINE COMMERCE: Enabling any IoT devices to communicate with each other to buy or sell things in a fully automated manner, think of self-driving cars to purchase any parts, or servicing or a smart TV to renew internet package on expiration with autonomous management of disputes and redemption.

COMMITMENT TOKEN

Boson Protocol is to dCommerce what stablecoins were to the DeFi stack — the catalyst for an ecosystem of highly specialised, yet complimentary and composable protocols.

TOKEN MODEL

$BOSON is the native utility token of the protocol. The token serves three specific purposes:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store