NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

CanYa’s Blockchain Platform — Online Service Marketplace World Needs

newsbtc
newsbtc
4 years ago
4 mins read
Canya

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Since the inception of the internet in the late 80s / early 90s, its usage has soared. Estimates as of June 30, 2017, put internet use at 3.89 billion users, or 51.7% of the earth’s population. That’s right, more than half of the world is on the internet.

With this rapid growth in internet usage comes a drastic increase in functionality too. The web has developed from being a way to upload information to a medium over which products and services can be exchanged. For Q2 2017, E-commerce sales accounted for 8.9% of total sales in the US alone. The rate has been steadily rising for every quarter since 2008, despite the impact of the global financial crisis.

Online marketplaces like Upwork and Etsy entered the scene several years ago and are still active with millions of users. Ikea made headlines by acquiring Gig economy company TaskRabbit, which provides handymen to assist with various manual labor tasks.

With the advent of such companies, the online service industry is waiting for the next big thing, the next eyecatcher. CanYa, a blockchain based platform that was created in December 2016 in Australia, hopes to be the online marketplace the world needs.

CanYa is a cryptocurrency based online marketplace where service providers can connect with customers. The decentralized nature of the platform allows sellers to interact with end users directly–a truly peer to peer experience. As blockchain technology continues to revolutionize a variety of industries, the team at CanYa has set their sights on online service marketplaces.

Escrow, CanYa

A Decentralized Marketplace Means Better Options and a Better Price

CanYa’s platform operates as a decentralized exchange. Users connect directly, eliminating the third party who hosts transactions. There is greater transparency in pricing in addition to lower costs. To use an analogy, it is similar to how buying a car through a dealer is almost always more expensive than buying directly from a private party.

On the blockchain platform, providers can list, advertise, and sell their services at the price they want. They can choose from a variety of fee models, including one-time transactions and ongoing subscriptions. The platform is based on meritocracy–better providers will get more business and visibility, which promotes legitimate business and minimizes false advertisement.

On the flip side, buyers can filter services and choose the service and model that best suits them. They have the option to make one-time purchases like repairing a broken window or selecting ongoing maintenance programs like lawn mowing or hedge trimming.

Potential buyers are free to search for the services they need while resting in the fact that pricing and transactions are transparent and secure. Because the platform runs on blockchain technology, all transactions are verified and auditable, giving users a sense of whether or not the prices being advertised are fair.

Though blockchain technology can seem nebulous and exclusive, CanYa runs as an app downloadable on major smartphone app stores. The seamless and practical app lets users find each other quickly and efficiently, all while providing stability and transparency.

As an online marketplace, CanYa provides more flexibility and security than traditional, centralized online marketplaces. And by cutting out the middleman, CanYa provides more service options at better prices.

Cryptocurrencies’ Nagging Issue: Volatility

Cryptocurrencies are a bright prospect. Free from government overreach and central bank manipulation, they are operated on a truly free market basis. However, cryptocurrencies are plagued with historically sky-high volatility. Perhaps that’s a huge understatement. It’s not uncommon for a cryptocurrency to get cut in half in a single day.

This has understandably led some to wonder how services can be paid for with such a volatile asset. In response to these legitimate concerns, CanYa’s platform has incorporated an internal hedge.

CanYa’ s contract uses a coin with a proven value to act as collateral for CanYaCoins. Thus, the value of the coins used in transactions are frozen–one dollar in means one dollar out, no matter what price fluctuations transpire. The hedge is able to compensate for 0.8 downside risk, while any losses sustained beyond the threshold are partially covered.

The result is users’ peace-of-mind. Buyers and sellers can transact business as usual without having to worry about losing money for something they can’t control. The proprietary system is a welcome addition to an already stalwart platform.

ICO Coming

CanYa released its beta into Australia on its own dime in December 2016. However, in order to meet their long-term objective of providing global access, CanYa needs to raise additional funds. The ICO, which begins in a few days, will help finance a cryptocurrency payment layer.

Proceeds will also be used to help fund the global launch in March 2018 along with the second version in July 2018. This version will include in-app translation services, video calling, chat-bots, and advanced desktop features, in addition to bug fixes and platform upgrades.

Finally, CanYa hopes to roll out its advanced matching feature, which connects best customers with the best providers for each request. It is slated for an October 2018 release.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Альткоины усиливают позиции на фоне стабильности Биткоина

Рынок альткоинов уже несколько месяцев страдает от продолжительной волатильности и сильного давления продаж, что заставляет многих инвесторов задаваться вопросом, когда...

lisachaikina 1 hour ago
Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Bitcoin and Ethereum both posted modest gains in the past week, with BTC rising 6.2% and ETH up by 9.6%....

Samuel Edyme 2 hours ago
제미니, 비트코인 대량 보유한 MSTR 주식 토큰화… 다음 유망 알트코인은?

제미니, 비트코인 대량 보유한 MSTR 주식 토큰화… 다음 유망 알트코인은?

가상화폐 거래소 제미니(Gemini)가 유럽 사용자를 대상으로 마이클 세일러(Michael Saylor)의 스트래티지(Strategy, $MSTR) 주식을 토큰화한 상품을 새로 출...

Soyeon Lee 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming

Keshav Verma 38 minutes ago

值得在7月下注的百倍幣有哪些?5個即將爆發10X上漲的最佳加密貨幣!

Mark Mak 38 minutes ago

Bitcoin Market Enters Caution Zone Amid Rising Sell-Side Pressure, Analyst Says

Ash Tiwari 1 hour ago

Premium Sponsors

Press Releases

  • Bitcoin Eyes $112K on Fed Cut Bets and ETF Frenzy

    3 hours ago
  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    15 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    16 hours ago
  • Най-добрите криптовалути преди...

    16 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.