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White Paper
  • Whitepaper
  • Contents
    • Version 1.0
      • Abstract
  • Background
    • Artificial Intelligence is Transforming Businesses
    • Problem Statement
    • Outline of Teslafan's Vision
  • Introduction
    • General Information About Teslafan
      • With Teslafan, A New Milestone Is Being Crossed
    • Network Architecture
      • A Decentralized Crowdfunding Platform
      • AI Marketplace
      • Renewable Energy Charities
      • Sentiment Analysis
      • Stock Data Comparison
  • A Decentralized Crowdfunding Platform
    • The Next Generation of Crowd-Investing
    • The Setbacks of Conventional Crowdfunding Platforms
      • Accountability
      • Centralization
        • Centralized Detworks Downsides:
    • Teslafan: Decentralized Solution on Ethereum Blockchain
  • AI Marketplace
    • AI Marketplace
      • What is an AI Marketplace?
      • Need For AI in Organization
      • Blockchain-Powered AI Marketplace
      • Need For AI Marketplace With a Diverse Selection
      • Costly Development Process of AI Projects
      • High Intermediary Cost In Conventional Marketplaces
      • Reputation System
  • Renewable Energy Charities
    • Donation For The Renewable Energy Charities
      • Addressing Those Problems With Teslafan
  • Sentiment Analysis
    • AI-driven Decentralized Sentiment Analysis Network
      • Importance Of Decentralized Sentiment Analysis
  • Stock Data
    • Stock Data Comparison For Renewable Energy Projects
      • Dual Listing And Merits Of Stock Price Comparison
  • The Teslafan Token Economy
    • Token Model
    • Teslafan Token Allocation Summary
    • Token Burn
  • Roadmap
    • Roadmap
  • Future Development
    • Plans For Future Development
  • Disclaimer
    • Disclaimer
  • References
    • References
  • Contact Us
    • Contact Us
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  1. AI Marketplace
  2. AI Marketplace

High Intermediary Cost In Conventional Marketplaces

Even though selling through conventional online channels may seem easy, they add additional charges to the products. Besides the high application fee, the payment platform charges you hefty commissions. The drawbacks of centralized payment providers discourage businesses and individuals and impede the application of automation. The cost perspectives deter companies from buying cutting-edge solutions.

Decentralized blockchain technology will empower buyers and sellers to pay insignificant fee amounts during transactions. Blockchain technology removes middle men, and anyone can send money directly to other people. Teslafan AI marketplace is on the peer-to-peer network powered by the Ethereum blockchain to facilitate a direct transaction between parties. Here funds are sent to the counterparty with less transaction fee than the conventional payment method. Transactions will only be performed with the Teslafan Token, which is a ERC-20 standarts token built on the Ethereum blockchain, to reduce the costs and inconveniences with them.

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Last updated 4 years ago

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