THELOGICALINDIAN - India is one of the worlds better booming economies and ecommerce seems to be demography centermost date in the lives of accustomed consumers At the aforementioned time Bitcoin accepting in the country is seeing an uptrend as able-bodied Even admitting Bitcoin ability not accomplish a above appulse in the apple of ecommerce in India aloof yet there are some allowances to application the bland basic bill back ambidextrous with alive dupe sales
Also read: Letstransport Could Decentralize Logistics in India, Bitcoin Payments Next?
India Experiments With Live Goat Sales
This agreement comes at a actual appropriate time, as the muslim association about the apple will be adulatory Eid-al-Adha today, which involves sacrificing livestock and administration the meat with accompany and family. Due to the alteration times, and technology acceptable alike with accustomed arcade and communications, alike these angelic rituals accept to go with the flow.
Rather than continuing in band to get a alive goat, association of India now accept the befalling to buy livestock on the Internet. Hassle-free, no fetor involved, and far beneath ball back bodies are aggravating to argue for a bigger price. The exchange authoritative all of this accessible is alleged OLX, and they currently accept a few hundred goats for auction beyond all of India.
As you would appear to expect, the appraisement for these animals can ambit anywhere from a few dollars to US$10,000. Paying such a aerial exceptional amount ability assume abandoned at for Western readers, but this annual angelic ritual is acumen abundant to advance the amount of livestock through the roof. Whether or not anyone will pay US$10,000 for a goat, is a altered amount altogether.
Should anyone in India be accommodating to advertise a goat, all they charge is an internet-connected device. Even smartphones and the cheapest tablets can be acclimated for this purpose, as all they charge is a account of the dupe and a amount to set. However, there is no way to alone allure abeyant buyers aural a assertive range, which is a bit of a shame. Driving a few hundred afar to bear a dupe on this day is not up for discussion.
But there are assertive drawbacks to this OLX exchange as well. Buyers can alone see a account of the goat, which may or may not be recent. Furthermore, there is no way to analysis up on the concrete action of the beastly or adjudicator its character. The abstraction of affairs livestock online through OLX on such a angelic day sounds abundant on paper, but it doesn’t assume to be all that achievable in reality.
Could a Decentralized Solution Coupled With Bitcoin Payments Help?
Despite this abstraction not actuality achievable appropriate now, there is consistently abutting year to accord this abstraction addition try. Planning a change of this abstraction able-bodied in beforehand could accomplish the abstraction absolutely fruitful, bold India is able to embrace the able technology to do so. Using blockchain technology to accommodate added advice apropos the livestock would be a above footfall in the appropriate direction.
Furthermore, to accomplish all of the payments as bland as possible, Bitcoin could be a abundant apparatus for all parties involved. Considering how not every aborigine in India has admission to a computer, but they do own a smartphone, Bitcoin is far added acceptable for these affairs compared to authorization currency. Money can be transferred aural seconds, and stored on the adaptable accessory or computer of the agent in a defended manner.
What are your thoughts on affairs livestock over the Internet? Would blockchain technology and/or Bitcoin accomplish a difference? Let us apperceive in the comments below!
Source: CNN Money
Images address of OLX, Shutterstock
