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Will small companies beat big companies if they use blockchain?

An American startup is building a blockchain agnostic protocol in an attempt to provide small businesses with accessible access to new technologies and drive the mass adoption of blockchain and cryptocurrency.

Opportunity, with experienced US founders, has also created a "trusted and verified service marketplace" on the Ethereum blockchain, with features such as smart contracts, decentralized engagement and lead generation. The company believes that its platform helps small and medium-sized enterprises (SMEs) to compete with large companies, without requiring significant investments in technology and marketing.

Diffuse coverage

By now, Opporty has launched the locations of its platform in China, the United Kingdom, Canada, the United States and Australia. As the company reported to Cointelegraph, there are currently around 10 registrations a day, from new suppliers on the platform. "Therefore, we observe that SMEs are ready to grow and benefit from Opporty, an online market that interests them," added the company representative.

The first suppliers have already registered

At the beginning of 2018, Opporty acquired two new customers in New York. Both offer encryption options on their websites.

Universal Accounting Systems uses the company platform to allow its customers to pay with Bitcoin and Ethereum for tax preparation and other services. Use the smart widget of Opporty to offer its customers a simple view of its services and allows them to pay with cryptocurrency.

Hudson Law Group, a midtown company led by David Treyster, has published some cryptographic offers tailored to its customers using the Opporty marketplace. It also uses the smart widget and has already started receiving cryptographic transactions through it.

The company says that the number of US-based suppliers that have registered on the platform has increased. The recently released Australian version already has new suppliers that accept cryptographic payments, including OPP, the company token.

Opporty widgets allow users to receive payments from customers. Companies that have listed their cryptographic offers in Opporty, get smart widgets on their websites. Once the widget is placed, consumers can choose between different payment options, including ETH and BTC.

Opporty

"Small business owners now realize that cryptocurrencies can give them an edge over their competition," said Opporty founder Sergey Grybniak. The opportunity allows anyone to use the cryptocurrency and benefits from the blockchain, without having to master the underlying technology, added the entrepreneur.

The Opporty plasma protocol

In March 2018, the Opporty team decided to implement the Ethereum plasma protocol to "solve the problems of trust in commercial transactions and the lack of privacy in traditional blockchain solutions". The first backend version of Opporty's Plasma solution has enabled users to process about 5,000 transactions for second, the company said.

"So we decided to propose our solution for Plasma Cash, a technology for improving the plasma protocol.After a tireless work, our developers have been able to improve the technology to get the highest public test, which was more than of Alipay at the peak, "reported the Opporty team at Cointelegraph.

Opporty's B2B platform allows providers to list their offers on the B2B services market in a targeted way, send requests for proposals, receive offers and make offers.

The company claims to solve the problems of trust and sustainability among the counterparts by storing the data on commercial transactions, including transaction quality, on the blockchain. It allows verification and validation of the reliability of the counterparty by implementing the plasma protocol. Its advantageous position Opportunity as a reliable option for domestic and cross-border transactions using cryptocurrencies, which can be used in supply chain risk management, business transactions and public procurement. The PoE protocol allows integration with other blockchain-based platforms.

Great results

Opporty's project is constantly acquiring new updates and features, such as the BLS and Proof of Stake delegate, zk-SNARKs.

At the moment Opporty is in its beta development, with MVP (vital minimum product) already available for application and use. The open source code has been released on GitHub.

Opporty is a member of the China Trade Cooperatives Business Association and the company is assisted by Mr. Daniel Wu, who is a deputy director of the One Belt One Road Development Center.

In April 2018, Opporty became part of the Enterprise Ethereum Alliance (EEA), the largest open source blockchain initiative in the world. The EEA is a non-profit organization that supports the best technology practices based on Ethereum and the entire industry.

The company is proud to partner with InfiniVision Network Technology (Shanghai) in the big data fields and blockchain integrations.

In 2018, Opporty won two Bronze Awards, a renowned reward between entrepreneurs and innovators. He won the Stevie International Business Competition in the following nominations: Company of the Year – Business or professional services – Small category and Online marketing campaign of the Year category.

Understanding that an online marketplace could be more than just a commercial product, Opporty has become a participant in the United Nations Global Compact. By participating in this initiative, the Opporty team conducts research in the areas of poverty and unemployment problems.

OPP, the company token, is already available on multiple platforms and the list is being updated.

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