An Efficient and Decentralized Blockchain-based Commercial Alternative

Lyzis Labs is an incentive-driven and democratic protocol built upon a decentralized online marketplace based on blockchain technology. The major proposal of the protocol, Lyzis Marketplace, allows two or more people to be securely connected in a decentralized way without going through a Trusted Third Party (TTP) to perform physical asset exchanges while primarily providing transparent and fully protected data storage. The necessary components are built to ensure that within the platform, the honest strategy of an actor (seller or buyer) is safe, in a strong game-theoretic sense, if the arbiter is biased in favor of the honest parties. Such approach may give rise to a permissionless, secure and transparent business system where users are empowered by decision-making and can simultaneously follow personal and collective interests.