THE PROBLEM STATEMENT:
The business idea is to create a virtual ecosystem for people to engage in a modern-day barter system. A system that allows people to exchange literally anything under the sun for something else under the [same]sun- No cash! No discounts, no digital wallets involved here or no payment balance carried forward. Using this platform anyone can exchange goods for goods when the proposed values match, and values match when both the parties convince each other of its worth at the end of their bargaining. The only constraint here is the worth is communicated via a unique point system ranging from 1-100 (which is always relative). The most valuable can be of 100 points, and the least can be of a single point.
The business idea is to create a virtual ecosystem for people to engage in a modern-day barter system. A system that allows people to exchange literally anything under the sun for something else under the [same]sun- No cash! No discounts, no digital wallets involved here or no payment balance carried forward. Using this platform anyone can exchange goods for goods when the proposed values match, and values match when both the parties convince each other of its worth at the end of their bargaining. The only constraint here is the worth is communicated via a unique point system ranging from 1-100 (which is always relative). The most valuable can be of 100 points, and the least can be of a single point.
