Network Architecture
Sustainable growth of sharing platforms and marketplaces necessitates a fundamental change in the way they interact with suppliers and consumers. Solving the problems that plague the global sharing economy at scale calls for a paradigm shift from the monolithic platform driven model to a decentralised network driven approach that offers better inclusivity and interoperability.
Rayy attempts to transcend the demerits of the isolationist approach of sharing platforms where suppliers and consumers must be present on the same platform to conduct transactions. Rayy’s open network will facilitate interoperability between sharing applications, allowing their suppliers and producers to transact irrespective of which application they use.
Suppliers and sharing platforms shall have access to a gateway API and dedicated SDK's that will allow them to integrate the different components of the network. Upon successful integration, the suppliers and platforms will be able to:
Feed their real-time inventory listings through the Heracles Protocol to reach a wider distribution network
List their inventory on Sharespark to reach a wider audience and execute cashback offers on their assets and services.
Utilise Canvas for user KYC and record transactional reviews in a manner that is portable across multiple platforms.
In the following sections we shall delve deeper into the individual components of Rayy.
Last updated
