How does Fair Ninja ensure the buyers that the second hand products came from the sellers are legal products and not came from theft. Does Fair Ninja implement a policy or any KYS (Know Your Seller) to their website? In case there is a bad record of the seller, does fair ninja will let it sell using their website?
I read their white paper regarding the rating features of the seller and buyer and i think its good idea, you will rate the seller/buyer after a successful transaction for the others to know what kind of seller or buyer they are... And by doing those features we will determine if we can trust a seller or buyer to have a transaction with them, but i dont know if they have records for all of the previous transactions...
This can be a good thing that rating the seller and buyers online to know if they are trustworthy to have transaction with.
But how will they base their ratings on the platform? Will the rate be saved on a blockchain so it can't be faked and be viewed online by any
users who's willing to see the reputation of a seller or buyers in the platform.