Decentralized Marketplace

Decentralized Marketplace

Service providers can build and scale cross-industry interoperable applications, buy and sell pay-per-use services, and engage in secure peer-to-peer transactions all in one place. All transactions are initiated by and stored in each entity’s Citopia Passport (standards-based encrypted locked data vault).

Service providers can build and scale cross-industry interoperable applications, buy and sell pay-per-use services, and engage in secure peer-to-peer transactions all in one place. All transactions are initiated by and stored in each entity’s Citopia Passport.

The Drawbacks of Centralized Platforms

The Need for Decentralized Marketplaces

Centralized platforms are ubiquitous in today’s digital landscape. Spanning vital sectors, from finance and transportation to insurance and healthcare, we rely on centralized platforms and marketplaces to provide us with the services and goods we need for daily life. Globally, as we become more connected and the digital landscape becomes more complex, the challenges and drawbacks of centralized platforms are becoming increasingly apparent.

Single Point of Failure

If a centralized platform — relying on a single point of control — experiences an issue or disruption, the entire system’s functionality can be compromised.

Low User Autonomy

Users lack control over their data and how it’s used on centralized platforms, which collect and monetize data without user knowledge, consent, or compensation.

Vulnerability to Attacks

Centralized platforms store and control vast amounts of user data, making them a prime target for attacks and putting users at constant risk of data exposure and theft.

Limited Interoperability
and Scalability

Centralized platforms lack the interoperability and standardized business processes for extensibility, hindering cross-industry collaboration.

High Barrier to Entry

Launching multiparty applications on centralized platforms requires one-off integrations for each platform. Centralized trust creates high transaction costs, stifling innovation and discouraging a free market.

Lack of Governance Transparency

The lack of transparency in the algorithms and decision-making processes of centralized platforms can lead to a lack of user participation, accountability, and trust.

Citopia Decentralized Solution

Citopia is a new kind of marketplace, owned and operated by a federated network of node operators. Each operator can build and manage applications (web services) on Citopia for seamless onboarding, search, discovery, and coordination — collectively forming a cross-industry, decentralized, and interoperable Web3 marketplace of offerings.

Citopia is designed to overcome the challenges associated with centralized platforms, harnessing W3C self-sovereign identity standards (Citopia Self-Sovereign Digital Twins™) and zero knowledge proofs to improve users’ data privacy and autonomy while enhancing cross-industry interoperability. Learn more about how it works

Federated Approach

Citopia is governed, owned, and operated by network node operators. This approach safeguards against monopolization and ensures a more diverse and resilient ecosystem.

Privacy Preserving

All ecosystem transactions leverage W3C Verifiable Credentials (VCs) format with Decentralized Identifiers (DIDs) anchored in blockchain to prevent sensitive data from being scraped/leaked. No transactions or data is stored on blockchains.

Interoperable & Scalable

Citopia Passports are standards-based, platform-agnostic universal translators that work with any legacy systems or web services without the need for costly new infrastructure or integrations.

Citopia — Decentralized Solution

Citopia is a new kind of marketplace, owned and operated by a federated network of node operators. Each operator can build and manage applications/web services on top of Citopia for seamless onboarding, search, discovery, and coordination — collectively forming a cross-industry, decentralized, and interoperable marketplace of offerings.

Citopia is designed to overcome the challenges associated with centralized platforms/marketplaces, harnessing W3C self-sovereign identity standards and zero trust authentication to improve users’ data privacy and autonomy and enhance cross-industry interoperability for seamless multiparty coordination. Learn more about how it works

Federated Approach

Federated Approach

Citopia is governed, owned, and operated by network node operators. This approach safeguards against monopolization and ensures a more diverse and resilient marketplace ecosystem.

Privacy Preserving

Privacy Preserving

All ecosystem transactions leverage W3C Verifiable Credentials (VCs) format with Decentralized Identifiers (DIDs) anchored in blockchain to prevent sensitive data from being scraped/leaked.

Interoperable & Scalable

Interoperable & Scalable

Citopia Passports are standards-based, platform-agnostic universal translators that work with any legacy systems / web services without the need for costly new infrastructure or integrations.

Citopia Decentralized Marketplaces

Each Citopia decentralized marketplace is member-owned and operated. The marketplaces are built to offer end-to-end interoperability for cross-industry cooperation in complex global networks. Public and private organizations worldwide can participate to build and deploy web services, enhance business offerings, and reap the benefits of reaching an extended customer base.

Citopia Global Battery Passport System (GBPS) Marketplace

Citopia Global Battery Passport System (GBPS)

Citopia GBPS provides the seamless interoperability and robust data privacy needed for industry stakeholders worldwide to collaborate effortlessly, securely share data and perform transactions, meet cross-border regulations, and drive advancements in battery technology and circularity. Want to learn more about how this works? We built a web app to show the potential future of Global Battery Passports — check it out here.

Citopia MaaS (Mobility-as-a-Service) Marketplace

Citopia MaaS (Mobility-as-a-Service)

Citopia MaaS offers a secure, easy-to-navigate federated marketplace where users can plan, reserve, and pay for multimodal trips all in one place. Users select their trip preferences to choose from different providers and travel routes that best suit their needs while retaining full control over who sees their data and how that data is used. Read more about Citopia MaaS