DoraHacks

A decentralized marketplace that leverages the Celo Blockchain technology to enable seamless and secure transactions for buying and selling cars. Here's how the platform works: 1. Car Minting: Car owners can mint their vehicles as NFTs on the Celo Blockchain. 2. Listing and Discovery: Sellers can list their NFT cars on the platform, providing comprehensive details such as model, year, condition, price, and images. 3. Smart Contracts: The platform employs smart contracts to facilitate the transaction process. Smart contracts act as programmable agreements that automatically execute transactions once predefined conditions are met. 4. Escrow Service: To safeguard both buyers and sellers, an escrow service is integrated into the platform. When a buyer shows interest in purchasing a car, the required payment is temporarily held in escrow. Upon successful delivery and verification of the , the payment is released to the seller. 5. Verification and Inspection: Trusted third-party entities can provide vehicle history reports and inspection certificates, enhancing buyer confidence. 6. Decentralized Identity: Users on the platform have identities associated with their Blockchain addresses. 7. Negotiations: Buyers and sellers can negotiate directly through the platform's messaging system. 8. Secure Payments 9. Feedback and Reputation System: After a successful transaction, both parties can leave feedback and ratings for each other.