All businesses have inventory, right? A list of products and services that are for sale? A business may even have its own ecosystem with its inventory listed there. But, in an online marketplace, these sellers take all of that inventory information and upload it to the third-party site. It can essentially transform a small, local business into one with national, or even international, reach. Sellers' products become available for purchase to all the marketplace's customers, and in exchange for a larger audience, the third-party sellers pay fees to the umbrella website.
Terato Online marketplace is useful for connecting buyer and seller, but are also helpful because they handle the payment and processing of any orders, which adds an extra level of security for consumers and assistance for sellers. Generally, online marketplaces will also step in after the purchase if there is a problem that needs to be resolved.
This diagram explains our eMarket Ecosystem, based on Ethereum blockchain. This ecosystem empowers merchants to sell and let buyers purchase their products, against Tera Tokens.