Dynamic Price Protocol - A call for the Blockchain and open-source master-minds.

Currently the price of things we buy is based on how much they cost to be designed, produced and distributed. However that is only one side of the coin. If we really want to live in fairest world, we need to put in consideration how much it cost for the buyer to get that product as well.

Lets suppose that we want to buy a smartphone that cost $100. If you live in Indonesia and you work everyday in the fields to produce the coffee we drink every morning, that phone will cost to you about 30 days of work, or maybe even more. If you happen to live in Europe instead, and you have a decent income, 1 or 2 days of your work may be enough to buy it. If you live in NYC instead, and you work as a broker in Wall-street, you may make 100K USD in a lucky day, then that phone will cost you just few seconds of your time.

The price of things, does not cost the same to all of us. It always depends on how much time and effort we spent to earn the money we need to buy them.

So what is Dynamic Price?

Dynamic Price is a model where buyers can choose how much they are willing to pay for a product or service. There is a minimum price, a suggested price, and the price that you choose to pay. The higher the price you pay, the lower the minimum price to be paid by the next buyer.

So in the previous example, the smartphone will cost a minimum of $80 in the beginning, and a suggested price of $130, if the guy from Europe chooses to pay $160 for it and the broker from NYC pay $450, our friend from Indonesia will have the chance to get the phone for $15, something that makes more sense to his reality.

This can be applied to any kind of physical stores, online shops and anything involving a payment method. Dynamic Price is a Universal payment gateway standard, where you can pay for anything and choose the currency and payment method.

Different dynamic variables can be settled by the seller, changing the price in real time. For example, building a product in different colours may result in a cheaper (or more expensive) production cost. Lets suppose that a company manufactures a small production of 5000 unites of product, sold for $100. If there are 100.000 people willing to buy it for $35 instead and wait for 3 months to get it, then the manufacturing can scale, or relocate and drop the price down. There are thousands of examples on dynamic price settings you could set.

Dynamic Price is a model and aims to be a Universal Payment Gateway Protocol for the future, and works with all the known and mass adopted methods today including Credit cards, Cash-to-Cash Transfer systems and Cryptocurrencies.

This is a call to all the Blockchain and the open-source master-minds. Lets make a community-run Open-Source Universal Dynamic Price Gateway Protocol, easy to use, easy to install, easy to integrate and compatible with all platforms and commerces, online and offline for digital and physical goods. Dynamic price is a key door in the era of access.

Please do share your insights and feedback.

Peace.