Existing auctioning platforms are based on centralized systems supported by proprietary, closed source software architectures and share these limitations:
Lack of transparency
Participants have no assurance that bidders are real and the authenticity of bids is not guaranteed.
Closed systems
No universal web interface or mobile app, each organizer manages their own access
Lack of complementary service offerings
No financing and delivery solutions, no provision of expertise on auction
The solution is the creation of a new, open and decentralized blockchain dedicated to real-time management of auctions anywhere in the world, online or in a salesroom. Through the DomRaider blockchain anyone can buy, sell or promote their services.
The DomRaider network is not only aimed to register auctions and bids. It is the core of a complete new auctioning ecosystem aimed to provide an innovative solution for all worldwide auctioning players.
Live auctioneers, escrow, appraisal experts, delivery services and online auctions providers will all be able to join the network, provide their services and add value to the blockchain.
Blockchain key features to host decentralized auctions
