
Kal Ali | October 30 2020
Kal Ali | October 30 2020
Built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one decentralized platform: providing a decentralized gateway to the entire digital asset market. By providing access to the digital asset market in one place, they’re building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.
Boson Protocol enables smart contracts to execute real world commerce transactions and input commerce data, reliably and autonomously. It eliminates intermediaries, whilst minimizing arbitration and rent extraction. It does so by tokenizing future commitments to trade as NFT vouchers, which are governed by a novel dynamic game. Boson enables the creation of a new class of commercial apps which can buy or sell any ‘thing’, with minimized cost and trust.
Tokenizing physical assets on a blockchain is not a new idea, yet there has never been a way to decentralize the world of commerce so that the physical assets themselves can be bought and sold without costly arbitration.
While tokenizing physical assets on the blockchain has grown in popularity, the industry is yet to see a decentralized NFT offering due to a lack of oracles that reliably and permissionlessly connects real world commerce to smart contracts. Boson Protocol has a unique solution: a buyer/seller escrow-ensured marketplace where programmable non-fungible token vouchers (NFTVs) can be redeemed for real world products, services or things.
Rather than tokenizing things directly, Boson instead represents a promise to exchange digital value for a thing at a future date as an NFTV. This eliminates intermediaries, whilst minimizing arbitration and rent extraction. Boson NFTVs can be conceptualized as a type of futures contract for a ‘thing’: a crypto-asset, a T-shirt or even a house.
The Boson layer atomically swaps Orion Protocol’s crypto native token (ORN) for an NFTV which provides the gateway to redeem a product or service in the real world. This enables users to purchase physical goods and services directly from Orion Terminal, without touching FIAT. ORN stakers/holders can earn NFTVs and redeem/spend directly from the Orion wallet on offerings such as airport lounge vouchers, VIP services or real-world assets.
The result is a decentralized commerce ecosystem in which users can buy, lend, borrow, or even rent physical assets for a specific amount of time, directly connected to the entire crypto market via Orion Terminal, with minimal arbitration and minimal friction.
“Working with Boson Protocol will allow Orion Terminal traders to, for the first time, cross-trade tokens for NFTs via a real world marketplace to buy, lend, borrow, or rent, directly connected to the entire crypto market - in an entirely decentralized way” said Alexey Koloskov, CEO + CoFounder of Orion Protocol.
Commenting on the partnership, Justin Banon, CEO and Co-Founder of Boson Protocol said, “the partnership between Boson Protocol and Orion Protocol signifies an achievement of paramount importance for decentralised ecosystems. Orion’s unique DeFi platform aggregates liquidity from DEXes and CEXes. This, combined with our ability to differentiate a crypto brand's proposition while driving customer acquisition and facilitating rewards to those customers with real-world products, services, or things, marks a powerful alliance, creating a bright dCommerce future for the crypto economy.”