P2P Business Networking Platform

For IDG, we built a P2P business networking platform for entrepreneurs and deal makers to facilitate direct, peer-to-peer transactions on a secure blockchain platform.

THE CLIENT

International Deal Gateway is a digital marketplace for entrepreneurs and deal makers that facilitates direct, peer-to-peer transactions on a secure blockchain platform. Deal Gateway allows members to discover deals and opportunities that could not be found through their usual networks, opening doors to new capital, investments, and business relationships.

THE SCENARIO

Traditionally, businesses and organizations leveraged private networks to do deals. But, as more businesses are digitally transforming and getting globally connected, the traditional methods are not sufficient to access the wider scope of global deals, investments, and partnerships. Our client wanted to build a platform that enables entrepreneurs to grow their business value by giving them the ability to do deals directly with the members of the platform.

BUSINESS REQUIREMENTS

The client wanted to build an online platform that could boost the potential for networking opportunities for its users. They put forth the requirement of a safe and secure peer-to-peer network that can enable its members to source deals and investment opportunities. The platform should have a vetting mechanism for the members, the ability to post deals with basic details, and the ability to secure confidential information in a blockchain-based secure vault. The platform should allow users to match deals to their preferences.

OUR SOLUTION

Based on the business requirements, we developed a platform that could be joined only by invitation or reference from existing members. When a member wants to propose a deal, they can post it on the platform, which will store all the information on a secure blockchain network to ensure that there is no risk of data manipulation. The members who are interested in the deal can access the details through a shared secure vault that is controlled by the person who posted the deal.

The peer-to-peer network facilitated by the platform enables its members to source deals and investment opportunities securely. Confidential information and corporate materials like financials, customer lists, and IPs are stored in a blockchain-based secure vault. The platform also includes features to allow members to select deals relevant to their interests that are immediately delivered to their inbox or phone when a new deal matches their unique preferences. Some of its key features include:

  • Vetting members
  • Post/Source Deals and investments
  • Buying and selling businesses
  • Secure data access
  • P2P deals
  • Secure Vault for confidential information

Learn more about our product development services and blockchain development services.

TECHNOLOGY OVERVIEW

Deal gateway’s P2P network infrastructure is built using HyperLedger Fabric. Hyperledger Fabric is selected so that the platform can be built in a modular architecture. Hyperledger Fabric allows components, such as consensus and membership services, to be plug-and-play. Its modular and versatile design satisfies a broad range of industry use cases. It offers a unique approach to a consensus that enables performance at scale while preserving privacy.

THE RESULTS

The Deal Gateway platform eliminated the hassle of dealing with intermediaries by facilitating direct transactions between the members through a secure blockchain network. By using this platform, the members could save valuable time and money as it sped up the deal processing and reduced transaction fees at the same time. The platform has attracted over 6000 global members worldwide and more than 700 direct deals have been posted including M&A and a wide range of investment opportunities in emerging industries ranging from $1m - $100m.

WHAT OUR CLIENT HAD TO SAY

Client Testimonial

The dev team at Accubits was flexible, positive, and responsive, they managed the project well and had no issues with language barriers or deadlines. The team is always willing to investigate and explore new ways of solving problems. They're timely and positive in their communications. We feel very supported and confident in the partnership we've forged.

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Frequently Asked Questions

What are the advantages of having a P2P business networking platform?
  • Decentralized Trust: A P2P networking platform built on blockchain technology ensures decentralized trust. Transactions and interactions are securely recorded and verified across the network, minimizing the need for intermediaries.
  • Enhanced Security: Blockchain's cryptographic protocols provide robust security, safeguarding user data, transactions, and communication against unauthorized access and data breaches.
  • Transparency: With every interaction recorded on an immutable blockchain ledger, participants can verify the authenticity and history of transactions, fostering high transparency.
  • Data Integrity: The tamper-resistant nature of blockchain ensures that data shared on the platform remains unaltered and authentic, promoting data integrity and accuracy.
  • Direct Peer Connections: Blockchain-powered P2P networking allows direct connections between participants, enabling seamless communication and collaboration without intermediaries.
  • Smart Contracts: Utilizing smart contracts and self-executing agreements, users can automate and secure various processes, such as payments, agreements, and content sharing, reducing administrative overhead.
  • Trustworthy Identities: Blockchain's identity management capabilities facilitate the verification of participants' identities, ensuring the authenticity of profiles and interactions.
  • Privacy Control: Users can maintain control over their personal information while engaging in networking activities, as blockchain allows for granular privacy settings.
  • Global Reach: Blockchain-based P2P networking platforms transcend geographical boundaries, enabling users to connect with professionals, partners, and opportunities worldwide.
  • Ownership of Data: Participants retain ownership of their data and intellectual property, deciding how and when to share information.
  • Immutable Reputation: Transparent records on blockchain help establish participants' reputations, leading to more informed and reliable networking decisions.
  • Resilience to Downtime: Blockchain's distributed nature reduces the risk of single points of failure, ensuring that the platform remains operational even during technical disruptions.
  • Efficient Transactions: Blockchain's streamlined transactions enhance the efficiency of financial interactions, reducing processing times and minimizing friction.
  • Reduced Fraud: Blockchain's inherent security mechanisms significantly reduce the risk of fraudulent activities and counterfeit profiles, promoting a trustworthy networking environment.
  • Incentive Mechanisms: Blockchain-based platforms can incorporate tokenization and incentive mechanisms, rewarding participants for valuable contributions and interactions.
  • Future-Proofing: Embracing blockchain technology future-proofs the platform against evolving technological trends and sets the stage for continuous innovation.

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Highlights

Blockchain based P2P network

Secure vault for data security

Member vetting mechanism

Hyperledger Fabric

Technologies Used