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matjas
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October 06, 2017, 11:25:47 AM |
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Cool project,
But I couldn't really understand how does the IIC actually work?
What would be a simple real life example?
El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential. So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform. Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history. Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites. Barcodes are not necessarily unique to each item. Items may share the same barcode for the whole product line/model. Even serial numbers are not necessarily unique because in practice they can be model numbers which are the same for identical items. Therefore I do not believe barcodes can be used to unique identify an item and link that item to an IIC. To expand on this, let's take an example from the whitepaper: For example, imagine that there is a musician with a lot of followers as a user in the Soma.A few years ago Jimi Hendrix's burnt guitar was auctioned. To this day people still doubt whether it is the real thing or if it is a replica. http://www.strat-talk.com/threads/jimi-hendrixs-original-torched-fender-strat-found.112817/http://forums.stevehoffman.tv/threads/did-jimi-hendrix-actually-burn-a-guitar-at-the-miami-pop-festival.647676/Whether it is real or fake, if you can make a replica of an iconic burnt guitar, you can also make a replica of its barcode. So that proves nothing. Well that's a problem you always will face to. Like in art etc. there will always be people who wants to make money with replica. But for the average user it will probably be not such a big deal because the time and effort wouldn't be worth it probably. Also as before discussed, it's not save because every trade which takes part outside of the platform will not be registered :/ I like the idea of the IIC card, but still there are some problems with it. The project will have to be VERY popular for the IIC to function properly, that same function will scare some people that want to fool buyers, so they won't be getting in the platform, or will try it and look for ways to bypass it, but here are those who are not scammer, but want to lie about a product to be able to sell it anyway, because of that another part of the clients will go, so the platform will be getting either good sellers and buyers, and some few bad apples. It's a moral hazard problem, like pretty much everywhere. At this point, I think, we can't really deal with it, since the system is not functioning yet and there is no relevant information and data to improve the system. |
