Boson Protocol: The Universal Commerce Layer For Web3 The DeFi Download podcast

Boson Protocol: The universal commerce layer for Web3

34 subscribers

published 2y ago

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on December 04, 2024 18:11 (11M ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Content provided by Radix DLT. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Radix DLT or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Summary

The Boson Protocol is a Web3 decentralized commerce layer that allows anyone to tokenize and exchange any physical thing as an NFT. Currently deployed on Ethereum and Polygon, they have recently signed a strategic partnership with WooCommerce, WordPress's eCommerce arm.

Justin's journey into the DeFi ecosystem began with him wondering what happens when you transition from paper to digital to blockchain, what digitized physical assets look like on a blockchain, and what properties they have. He discusses his experiences revolutionizing digital transformation at Priority Pass while studying for a master's degree in digital innovation, digitizing physical products that significantly increased turnover, combining his interests in the physics of business and the blockchain, and developing the Boson Protocol.

Key takeaways

Platform Dilemma: Piers and Justin delve into the complexities of platforms like Amazon, and they question whether they truly benefit consumers or create walled gardens.
Boson's Mission: Justin analyses how Boson removes the counterparty risk and builds an optimistic fair exchange protocol, solving two fundamental challenges – the fair exchange problem and the physical asset oracle problem.
Techno-Legal Innovation: Justin describes the part of Boson's core innovation that allows the prescription of elements of variability.
Configurability: Justin unveils how the Boson Protocol is designed for configurability, serving as a bridge between WooCommerce and the world of Web3.

Chapters

00:00 - Introduction
01:11 - Justin's background
03:45 - The specific problems Boson Protocol addresses
07:42 - Solving the problem of discovery
12:19 - Efficiently matching buyers and sellers
15:41 - Trust-minimizing representation of physical assets on the blockchain
25:36 - Escrow, dispute resolution process, and game-theory-based incentives
27:56 - Boson's partnership with WooCommerce
34:31 - WooCommerce's Priorities
38:06 - Addressing the capital inefficiency in escrow
41:45 - More About Boson

Further resources

Website: bosonprotocol.io
Twitter: @BosonProtocol

106 episodes