Find out the real AR app cost and explore all the details of the augmented reality app development with Agilie.

Interested in augmented reality app development ‽ Then you should definitely read our article! Click here ⟹ and find out all about creating Augmented Reality apps and experiences ✅Also, we'll tell you the possible AR app development cost.


How Much Does It Cost to Build an Augmented Reality App?

Welcome to the forefront of the digital revolution, where accessibility is no longer just a requirement but a pathway to inclusivity. In this era of dynamic transformation, the European Accessibility Act 2025 takes a central place. It encourages digital businesses to meet the needs of all consumers. Ensuring EAA compliance is a strategic step that can improve or redefine the brand's relationship with a significant part of the European market and beyond. We will show how to turn compliance into a competitive advantage.
<div id="form-description" class="form-description" style="text-align: justify;" data-title="Key Takeaways" data-text="The EAA applies to all businesses that provide digital products and services.
Compliance with the Act's requirements allows businesses to enter new markets, attract a new segment of users, and provide a competitive advantage.
Giving priority to accessibility builds customer trust and loyalty and strengthens brand confidence.
Compliance with the Act's requirements protects businesses from legal consequences by reducing the risk of lawsuits and fines and facilitates international transactions using a standardized approach. 
An important issue for every company is finding a reliable development partner to help its digital products and services meet the Act's requirements.">
<div class="form-description-title">Key Takeaways</div>
- The EAA applies to all businesses that provide digital products and services.&nbsp; - Compliance with the Act's requirements allows businesses to enter new markets, attract a new segment of users, and provide a competitive advantage.&nbsp; - Giving priority to accessibility builds customer trust and loyalty and strengthens brand confidence.&nbsp; - Compliance with the Act's requirements protects businesses from legal consequences by reducing the risk of lawsuits and fines and facilitates international transactions using a standardized approach.&nbsp; - An important issue for every company is finding a reliable development partner to help its digital products and services meet the Act's requirements.</div>
<h2 dir="ltr" style="text-align: justify;">What Is the European Accessibility Act 2025?</h2>
<a href="https://ec.europa.eu/social/main.jsp?catId=1202" target="_blank" rel="noopener">The European Accessibility Act (EAA) 2025</a>&nbsp;is an EU law that requires that some everyday goods and services be accessible to people with disabilities. It aligns with the EU's commitments following the ratification of the&nbsp;<a href="https://www.un.org/disabilities/documents/convention/convoptprot-e.pdf" target="_blank" rel="noopener">United Nations Convention on the Rights of Persons with Disabilities</a>.
The European Accessibility Act will make life easier for&nbsp;101 million&nbsp;Europeans.&nbsp;
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707834367177.png" width="1200" height="600" />
Imagine this:&nbsp;people with visual impairments or musculoskeletal problems can use mobile apps, websites, or ATMs without issues.
The EAA&nbsp; aims to standardize accessibility requirements across European countries, promoting a consistent and inclusive online environment. This act applies to both public and private organizations within the European Union. It goes beyond the surface level, delving into the very architecture of digital products. They must be intuitive, reliable, and customized for users of all abilities. Let's find out what products and services are affected by this law.
<h3 dir="ltr" style="text-align: justify;">The products and services affected by the EAA</h3>
The scope of the European Accessibility Act covers a wide range of digital products and services to ensure inclusivity for people with disabilities. Here is a&nbsp;<a href="https://ec.europa.eu/social/main.jsp?catId=1202" target="_blank" rel="noopener">list</a>&nbsp;of products and services covered by the EAA:
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Websites;
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Mobile applications;
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Online banking and financial services;
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E-commerce platforms (e.g., online stores and their applications);
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E-government services;
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Communication services (e.g., instant messaging, push notifications, email, and video conferencing platforms);
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Online educational platforms and resources;
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Standard content on broadcasters' websites;
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Transportation services with websites and applications;&nbsp;
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Interfaces of ATMs and ticket machines;
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The purchases of information and communication technology (ICT) products and services by public sector organizations.
</li>
</ul>
The EAA touches on various aspects of the digital world to create a more inclusive and accessible environment for people with disabilities. So, what are the critical requirements for businesses to meet?
<h3 dir="ltr" style="text-align: justify;">Key provisions and requirements</h3>
It is essential to understand the main provisions and requirements of the EAA, which provide the basis for a more inclusive digital future.
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707834889898.png" width="1200" height="600" />
<h4 dir="ltr" style="text-align: justify;">1. Acceptability</h4>
Information and user interface components must be perceived and understood. This means alternative text for images, adapted text size, and voice commands for visually impaired people. It also applies to people with mobility disabilities. For people with hearing problems, it means textual accompaniment.&nbsp;
&nbsp;
<h4 dir="ltr" style="text-align: justify;">2. Efficiency</h4>
The accessibility of the keyboard ensures that users can easily interact with and navigate digital content.
&nbsp;
<h4 dir="ltr" style="text-align: justify;">3. Clarity</h4>
User interfaces should be clear and consistent and avoid any unnecessary complexity. Intuitive design ensures that users can understand and navigate digital platforms without obstacles.
&nbsp;
<h4 dir="ltr" style="text-align: justify;">4. Reliability</h4>
The EAA requires that digital products will remain accessible and interoperable with the development of technology.
&nbsp;
<h4 dir="ltr" style="text-align: justify;">5. Harmonization in the European Union</h4>
One of the innovative aspects of the EAA 2025 is the commitment to harmonize accessibility standards across the European Union. This simplifies compliance for businesses operating in multiple countries. It also promotes an inclusive user experience for people with disabilities, regardless of their location within the EU.
&nbsp;
<h4 dir="ltr" style="text-align: justify;">6. Applicable to both the public and private sectors</h4>
The EAA obliges every business to be accessible and participate in developing the digital ecosystem.
Agilie's team knows how to meet the requirements of this Act and is delighted to share this information.
&nbsp;
Fintech example.&nbsp;According to the EAA, neobanking services have to provide, for example:
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navigation with voice commands;
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alternative text for graphs, charts, and financial data;
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interface with keyboard navigation and connectivity with assistance technologies;
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adaptability to evolving technologies and remain accessible over time;
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harmonization of accessibility standards across different financial platforms within the European Union.
</li>
</ul>
Therefore, the app and website should provide such functions for successful growth.
&nbsp;
<a class="incut--wrap" style="transition-timing-function: ease; transition-property: all;" href="https://agilie.com/blog/7-profitable-fintech-app-development-fields-for-starting-a-business" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px; float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707838639713.png" width="100%" height="100%" />Are you interested in profitable Fintech app development fields for starting a business? Let's discover them!</a>
<h2 dir="ltr" style="text-align: justify;">Unlocking Opportunities: Why the European Accessibility Act Should Shape Business Vision</h2>
The implementation of the European Accessibility Act goes far beyond essential compliance. What opportunities are there for businesses?&nbsp;
<h3 dir="ltr" style="text-align: justify;">Market expansion and inclusivity</h3>
Businesses gain access to a market segment often overlooked by ensuring that digital products and services are accessible to people with disabilities. This inclusivity fosters a welcoming attitude and significantly expands a customer list.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Competitive advantage&nbsp;</h3>
Demonstrating a commitment to inclusivity is about more than just social responsibility. It's a strategic move that differentiates companies from competitors.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Brand credibility and corporate image building&nbsp;</h3>
Customers value brands that prioritize accessibility. This approach builds trust and loyalty, creating long-term relationships with the customers. People appreciate businesses that go beyond just profit reasons. This is an opportunity to become a favorite brand!&nbsp;
<h3 dir="ltr" style="text-align: justify;">Legal compliance and risk management&nbsp;</h3>
EAA compliance protects businesses from legal consequences. It reduces the risk of potential lawsuits and fines, providing a solid foundation for long-term operations.
<h3 dir="ltr" style="text-align: justify;">Innovation and focus on the future</h3>
Complying with accessibility standards, companies essentially protect their digital position. They will remain relevant and usable as technology evolves.
<h3 dir="ltr" style="text-align: justify;">International operations and standardization</h3>
Harmonizing accessibility standards across the European Union makes it easier for businesses to operate in multiple member states. It promotes a standardized approach, streamlining compliance efforts. Therefore, doing business in several EU countries or planning to expand this is an excellent opportunity.&nbsp;
So, every company that offers any digital product or service should include this significant government requirement in its business development strategy.&nbsp;
Picture this:&nbsp;a digital landscape where products and services are up-to-date and accessible to everyone, regardless of their abilities. Sounds great, right? It may seem challenging to implement. But don't worry! We know the solution - find a reliable partner who can efficiently and effectively make it happen.
Are you searching for a trustful partner who can provide the necessary developer services to prepare all your products for these governmental requirements?
<a class="incut--wrap" style="transition-timing-function: ease; transition-property: all;" href="https://agilie.com" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707838750458.png" width="100%" height="100%" />We are ready to help you! Get to know us.</a>
<h2 dir="ltr" style="text-align: justify;">Partnering for Success: Agilie's Expertise in Aligning Development with Regulatory Needs</h2>
Agilie delivers exceptional software development services and provides unique solutions to meet all potential needs while companies meet the requirements of the EAA. Agilie is a trusted partner in unlocking the full potential of this Act. We specialize in creating solutions that match accessibility standards, transform the user experience, and become&nbsp;<a href="https://agilie.com/success-stories" target="_blank" rel="noopener">success stories</a>. From seamless navigation for everyone to immersive interfaces that break through barriers, we don't just meet expectations; we exceed them. It's more than accessible design. It's elegance, innovation, and lasting impact.
We understand that every business that provides digital products and services must comply with the requirements of the Act. Fulfill them quickly and effortlessly with the Agilie team.&nbsp;
Here is a brief overview of the process:
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Consultations and documentation review.
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Prototyping.
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Development of a Software Requirements Specification (SRS) to define the project's purpose and scope.
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UI/UX design.
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Planning phase: searching, creating a detailed outline, managing time, budget, human resources, and potential risks.
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Architecture creation.&nbsp;&nbsp;
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</ol>
Contact Agilie today and let us begin a journey where your business not only complies with the standards but sets them. Leave your contact details in our form, and a business development manager will contact you.&nbsp;
<a class="incut--wrap" style="transition-timing-function: ease; transition-property: all;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707838871079.png" width="100%" height="100%" />Your vision, our experience - let&rsquo;s create the future together! Contact us.</a>
<h2 dir="ltr" style="text-align: justify;">Final Thoughts&nbsp;</h2>
Finalizing our research on the European Accessibility Act 2025, we concede that accessibility is not just a requirement but a transformative path to inclusivity. The products and services affected by the EAA cover a wide range of digital offers, from websites and mobile apps to e-commerce platforms, online banking, and more. In this dynamic era of digital evolution, the EAA:
<ul style="text-align: justify;">
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takes center stage, inviting businesses to meet the diverse needs of all consumers;
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provides an opportunity to redefine brand identity and enter new markets;
</li>
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is a strategic step that can change the brand's relationship with a large part of the European market and beyond.&nbsp;
</li>
</ul>
Market expansion, competitive advantage, increased brand trust, regulatory enforcement, and a focus on future innovation are the paths to growth and sustainability.
In this landscape of possibilities, Agilie is your partner, your guide to the challenges of EAA compliance. Our services go beyond mere software development; we specialize in delivering exceptional compliance solutions. Step into the future with Agilie.
&nbsp;

<span style="color: #0d0d0d; font-family: S&ouml;hne, ui-sans-serif, system-ui, -apple-system, 'Segoe UI', Roboto, Ubuntu, Cantarell, 'Noto Sans', sans-serif, 'Helvetica Neue', Arial, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji'; font-size: 16px; white-space-collapse: preserve; background-color: #ffffff;">Explore and seize unparalleled growth opportunities for businesses with the implementation of the European Accessibility Act 2025.

Unlock business potential with the European Accessibility Act 2025. Navigate compliance, seize growth opportunities, and partner with Agilie for innovative software solutions.

Unlocking Inclusivity: Navigating the Invention of the European Accessibility Act 2025

Analyze how to create a smart contract, its benefits, and best development practices. Explore a step-by-step guide on smart contract crafting.&nbsp;

Analyze how to create a smart contract, its benefits, and best development practices. Explore a step-by-step guide on smart contract crafting. 

Comprehensive Guide on Smart Contract Creation | Agilie

A decentralized market is a network that doesn't depend on any intermediary. Since these marketplaces are built on Blockchain technology instead of intermediaries, transactions are done through smart contracts. Smart contracts are also responsible for managing the rules and regulations of the decentralized marketplace.
You will have access to a decentralized marketplace basically from everywhere on the web: your mobile phone, computer, or tablet. Look through our table of content to dive deep into decentralized marketplaces.&nbsp;
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Decentralized marketplaces provide a safe and transparent platform for P2P transactions. Developing a blockchain marketplace can bring huge benefits if it is launched with all the right features. 

Increasing confidence

DLT/blockchain enables the establishment of trust among all parties involved with the operator of a platform. The security of blockchain transactions depends on their irreversible nature, which prevents modifications or deletions by the platform admin. Disregarding the preferences of the operator or the state of their systems, the person in question will automatically receive timely information about their operations, which they may employ to defend their legitimate claims.

The high degree of transparency

Customers generally rely on reviews and ratings when choosing what to purchase. The employment of blockchain software eliminates the possibility of hiding information, giving buyers truthful and clear insights into product origins and providers.

Simplification of the trading process

These digital agreements can serve as an economical solution for streamlining transactions during online commerce. This is especially true for cross-border transactions: A smart contract governs the execution of agreements according to predetermined benchmarks (such as the delivery of merchandise to the buyer or the computation of penalties for delays), while also providing a means of settling disagreements and evaluating parties involved in business dealings.

Savings on transaction costs

This mechanism enables the use of tokens to purchase items utilizing digital currencies, as well as to document and net transaction costs to minimize payment amounts and only settle balances for a given time frame.

Safeguarding settlements by reserving either digital or physical assets is vital. Employing the marketplace allows the platform owner to shoulder these charges unassisted.">
<div class="form-description-title">Key Takeaways</div>
Decentralized marketplaces provide a safe and transparent platform for P2P transactions. Developing a blockchain marketplace can bring huge benefits if it is launched with all the right features. Increasing confidence DLT/blockchain enables the establishment of trust among all parties involved with the operator of a platform. The security of blockchain transactions depends on their irreversible nature, which prevents modifications or deletions by the platform admin. Disregarding the preferences of the operator or the state of their systems, the person in question will automatically receive timely information about their operations, which they may employ to defend their legitimate claims. The high degree of transparency Customers generally rely on reviews and ratings when choosing what to purchase. The employment of blockchain software eliminates the possibility of hiding information, giving buyers truthful and clear insights into product origins and providers. Simplification of the trading process These digital agreements can serve as an economical solution for streamlining transactions during online commerce. This is especially true for cross-border transactions: A smart contract governs the execution of agreements according to predetermined benchmarks (such as the delivery of merchandise to the buyer or the computation of penalties for delays), while also providing a means of settling disagreements and evaluating parties involved in business dealings. Savings on transaction costs This mechanism enables the use of tokens to purchase items utilizing digital currencies, as well as to document and net transaction costs to minimize payment amounts and only settle balances for a given time frame. Safeguarding settlements by reserving either digital or physical assets is vital. Employing the marketplace allows the platform owner to shoulder these charges unassisted.</div>
<h2 dir="ltr">What are Decentralized Marketplaces?</h2>
Decentralized Marketplaces enable transactions between parties operating on their own accord, independent of external oversight. Without intermediary involvement, houses, hot sauces, and t-shirts can be traded between individuals.
At its heart, it establishes a direct connection between consumers and suppliers. A smart contract or program takes charge of critical tasks, including trade execution and funds release, rather than a human.
When both sides comply with the agreement, the program will complete the transaction without human intervention. These platforms are impervious to censorship and rely on trustless interactions. By using cryptocurrency, these individuals profit from a comprehensive and non-stop payment network.
<h3 dir="ltr">A Short History</h3>
Early internet marketplaces have managed to endure and remain popular even two decades after their launch.
The Silk Road was launched in 2011, and it is not a truly decentralized marketplace, but many users pay using Bitcoin.
One of the oldest and most esteemed decentralized marketplaces, OpenBazaar, has its roots in a hackathon project from April 2014 in Toronto, known as "Dark Market," which later evolved into the current OpenBazaar platform.
Syscoin is a decentralized platform that spotlights the development of marketplace applications, with its inception occurring in April 2014.
Centralization separates marketplaces based on whether they require intermediates. When bypassing middlemen, fees become redundant in certain instances. The marketplace's regulations are openly conveyed, and changes must have users' consent.&nbsp;
By incorporating review systems, reputation tracking, and dispute mediation, decentralized platforms become more akin to traditional marketplaces while boasting higher transparency and reduced charges.
<h3 dir="ltr">Marketplace Blockchains</h3>
One of the prominent marketplace blockchains is Syscoin. It is a blockchain network that utilizes a built-in platform for e-commerce and marketplaces. Clients can benefit from Syscoin&rsquo;s blockchain applications.&nbsp;
It has high transaction speed as well as security because it is combined with Bitcoin. Furthermore, Syscoin is compatible with other blockchains utilizing the Syscoin Bridge.&nbsp;
<h3 dir="ltr">Marketplace Applications</h3>
OpenBazaar acts as a peer-to-peer application or directly connects application users who want to trade. It has many of the advantages of blockchain.&nbsp;
For example, not relying on a central authority, a central database, or intermediaries, but it is only for e-commerce and transacting trade, so there is no need for complex consensus algorithms or miners.
OpenBazaar also has no fees or restrictions on use. Anybody can download the software and begin trading. OpenBazaar operates cryptocurrencies such as Bitcoin, Bitcoin Cash,&nbsp; Zcash, and Litecoin.
<a class="incut--wrap" href="https://agilie.com/blog/full-guide-on-how-to-make-a-marketplace-like-etsy-key-features-tips-and-costs" target="_blank" rel="noopener" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1698322736485.png" width="100%" height="100%" /> Find out more about marketplace apps. </a>
<h3 dir="ltr">Marketplace Platforms</h3>
Decentralized marketplaces exist through a platform or protocol, so developers can create tools allowing other people to build their peer-to-peer marketplaces.&nbsp;
Origin Protocol and the Origami Network are based on the Ethereum blockchain, utilizing this approach. By building smart contracts and a system of standards, these platforms allow anyone to develop their decentralized marketplaces.&nbsp;
Origin Protocol and the Origami Network allow users a simple way to manage listings, reviews, escrow, buyers and sellers, and ratings.&nbsp;
<h3 dir="ltr">Marketplace Tokens</h3>
Most decentralized marketplaces have tokens to facilitate how the marketplace works. Syscoin users can create tokens on top of the Syscoin Platform - Syscoin Platform Tokens (SPT).&nbsp;
Origin Tokens are used for governance decisions. Origin token holders are able to involve platform decisions. The token also rewards marketplace operators, users, and developers.&nbsp;
Origami has an ERC20 token called ORI. ORI is utilized for solutions on a blockchain which allows lower transaction fees.
<a class="incut--wrap" href="https://agilie.com/blog/ultimate-guide-on-how-to-create-an-nft-marketplace" target="_blank" rel="noopener" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1698322822907.png" width="100%" height="100%" /> Read about how to create an NFT marketplace. </a>
<h2 dir="ltr">Why Use a Decentralized Online Marketplace?</h2>
A marketplace with blockchain architecture outshines its centralized brethren in terms of benefits.&nbsp;
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A centralized company owns the platform, for example, eBay&nbsp; takes a fee from sales;
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A singular focus on the center exposes the network to potential breaches.
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The marketplace operator holds the power to alter the conditions of commerce without restriction.
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It is essential to utilize external financial resources and transaction platforms.
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The central authority responsible for your sensitive data may release it to trustworthy entities.
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</ul>
Blockchain innovation confers a distinct advantage to decentralized marketplaces. These advantages include:
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A distributed database, blockchain relies on coordinated efforts from many nodes to ensure accuracy. Each has a full record of the database.&nbsp;
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A single, singular server does not exist for hackers to compromise.
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P2P networking enables sellers and buyers to connect and conduct business without any middlemen involvement.
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The rules are etched into invincible smart contracts, thereby providing transparency;
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The payment process uses crypto, so eliminating payment providers;
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These security measures ensure that the system is protected by cryptography.
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</ul>
<h2 dir="ltr">Mandatory Features in a Decentralized Marketplace</h2>
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Decentralized Architecture &ndash; Decentralized architecture is the backbone of a decentralized marketplace, ensuring that there is no central point of control or even failure.
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Support for multiple cryptocurrencies &ndash; To maximize accessibility and adoption, support for multiple cryptocurrencies is essential for payment.
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Smart Contracts &ndash; they are critical elements for establishing automation in a decentralized marketplace
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Decentralized Storage Solutions &ndash; A decentralized storage solution ensures that user data is kept private and secure.
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Token-based economy - The implementation of a token-based economy can attract the attention of users to participate in the market.
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User-Friendly Interface &ndash; A user-friendly interface is always critical to the success of a digital platform, so it is highly recommended.
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Dispute Management &ndash; A decentralized market must have programmed dispute management. It will ensure that the handling of disputes is fair.
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Analysis &ndash; It is important to monitor market performance and identify threats to focus on. Analytics and reporting functions must be implemented into the marketplace.
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Review &ndash; A rating and review feature is a must in any type of marketplace app to offer feedback on a product or even the seller. So, a decentralized marketplace should have an integrated evaluation and review function.
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Multiple Payment Options &ndash; convenient usage for clients is a must-have feature in a decentralized marketplace.
</li>
</ul>
<h2 dir="ltr">Key Functions of a Decentralized Marketplace&nbsp;</h2>
When planning the functionality of decentralized marketplaces, Agilie takes the following capabilities as a basis and adapts the plan to individual project requirements.&nbsp;
User-friendly interfaces designed for sellers and buyers should streamline their respective journeys through the platform.&nbsp;
<img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1698322510184.png" />
Selling process&nbsp;
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Adding and editing product listings.&nbsp;
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Product inventory management.&nbsp;
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Order and return management.&nbsp;
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Secure communication channel designed for vendor-customer interactions.&nbsp;
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</ul>
Buying process&nbsp;
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Faceted catalog browsing.&nbsp;
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Providing a unified cart solution for various sellers.&nbsp;
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Order placement.&nbsp;
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Order tracking.&nbsp;
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Order history.
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</ul>
<h2 dir="ltr">Marketplace Transactions Verification&nbsp;</h2>
Marketplace smart contracts. They define user behavior depending on the input data. At the core, they manage the processes of listing, choosing, and purchasing products.&nbsp;
Escrow smart contracts. As payment transactions are conducted directly between sellers and buyers, without a payment provider in between, escrow smart contracts provide guarantees for the parties. Holders of the tokens should wait until the purchase is completed before they are released to the seller.
Proprietary cryptocurrency. Marketplaces can have a settlement currency developed utilizing privacy-preserving protocols, so users&rsquo; personal information won't be collected during transactions on any device.&nbsp;
Integration of crypto payments. You may involve other cryptocurrencies in the marketplace. With its extensive user base, Bitcoin stands out as the most adopted cryptocurrency. The unique cryptographic hash embedded within every blockchain record fortifies the security of the data.
Proof-of-individuality framework. It enables user verification to prevent fake and duplicate user accounts and the manipulation of sellers&rsquo; reputations.&nbsp;
Product reviews. Reviews are controlled by smart contracts, so they authorize reviews from buyers of a specific product only.
<h2 dir="ltr">Best Use Cases of Decentralized Markets</h2>
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E-commerce &ndash; Decentralized marketplaces can enable P2P buying and selling of goods and services, which will help reduce the costs and hurdles associated with traditional e-commerce platforms.
</li>
<li dir="ltr" aria-level="1">
Real Estate &ndash; Decentralized marketplaces can help property buyers and sellers connect and transact directly without the involvement of a third party or agent.
</li>
<li dir="ltr" aria-level="1">
Games &ndash; Decentralized marketplaces can allow players to buy, sell, or even trade in-game items directly with other players in a more secure manner and, most importantly, without any middlemen.
</li>
<li dir="ltr" aria-level="1">
Supply Chain Management &ndash; Blockchain marketplaces can track goods moving through the supply chain efficiently and more transparently.
</li>
</ul>
<h2 dir="ltr">Decentralized Market Development Process</h2>
<img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1698322554145.png" />
Requirements Identification and Planning &ndash; This step is to flag the problem the market will solve as well as identify the requirements for the platform.
Prototype development &ndash; A prototype market should be built to test and validate the planned solution.
Development of smart contracts &ndash; Smart contracts, self-executing contracts in which the terms are written in code, must be developed to manage transactions and interactions on the platform.
Blockchain integration &ndash; After the development of smart contracts, the market should be integrated with the blockchain, enabling decentralized transactions and optimizing the security and immutability of the platform's data.
Testing and Launching &ndash; Rigorous testing is recommended to ensure that the marketplace functions as intended. Once validated, the marketplace must be deployed on the blockchain network and made available to users.
Support &ndash; Regular market monitoring is required to identify issues and bugs to be resolved with the next update.

A decentralized market is a network that doesn't depend on any intermediary. Since these marketplaces are built on Blockchain technology instead of intermediaries, transactions are done through smart contracts. Smart contracts are also responsible for managing the rules and regulations of the decentralized marketplace.

Decentralized marketplaces provide a safe and transparent platform for P2P transactions. Developing a blockchain marketplace can bring huge benefits if it is launched with all the right features.

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