Boson Protocol solves the problem of fair exchange within e-commerce, without the need for trusted intermediaries or counterparties. Instead, Buyer and Seller make commitments to trade within smart contracts encoded with game theory and tokenized as redeemable NFTs.

Buyers have the assurance that either they can redeem the NFT for the physical item or get their money back.

The key part of the protocol is the core exchange mechanism subsystem that handles the exchange of the on-chain value for the off-chain value between two parties. The protocol provides other features through a set of functional and optional protocol modules.

Justin Banon, Co-Founder of Boson Protocol says, “We are launching Boson Protocol v2 on Polygon because it gives us significantly lower transaction costs and higher throughput. It is highly secure, and since it is EVM-compatible, we have a wide potential for future expansion. Also, it is important for Boson Protocol to be where other major projects live so as to contribute to a thriving ecosystem. Polygon is integrated with all the key projects, metaverse, and protocols, making it an optimal, interoperable choice for us.”

v2 of Boson Protocol launches in Q4 2022 and has been lauded as a foundational piece of Web3 infrastructure. Boson was recently awarded World Economic Forum Technology Pioneer status for the potential of this technology to democratise and reshape global commerce. The protocol will remove the need for trusted sellers and allow for digital to physical redemption between buyer and seller, reducing cost, friction, and increasing equitability.

About Polygon

Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 37,000+ decentralized applications hosted. 1.94B+ total transactions processed, 164M+ unique user addresses, and $5B+ in assets secured. The network is home for some of the biggest Web3 projects such as Aave, Uniswap, OpenSea and well-known enterprises including Meta, Stripe and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.

Website | Twitter

About Boson Protocol

Boson Protocol enables you to build commerce applications that anyone can use and everyone can trust. Decentralized Commerce enables a new world of commerce that bridges the on-chain and off-chain world.

Easily add dCommerce capabilities to your dApp, build a web3 marketplace or even create your own loyalty program where your customers can redeem real-world rewards in a Web3-native way.

Want to Build on Boson?

• Sign up for the Boson Protocol v2 Launch Partner Program

Keen to learn more?

• Read the Boson Protocol v2 Whitepaper
• Watch the Boson v2 whitepaper keynote at EthCC[5]

Website | | Boson Protocol Twitter | Portal Twitter

SOURCE:
https://medium.com/bosonprotocol/boson-protocol-v2-web3s-commerce-layer-to-launch-on-polygon-70448d7b6f82

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