ZKP2P - 0xSachink

Yeah, hi everyone. I think we are over-shooting on time, so I'll try to be short and crisp. I'm Sachin from the ZKP2P team. We are building trust-minimized PHP marketplaces. So, I guess, what is the problem statement that we're trying to solve?

I believe one of the reasons that current existing platforms are shitified, so to say, is because they have all the data. They are in a very comfy position where they can extract as much value out of users as possible. And they're not incentivized to share that data outside because they do not have to do so. They already have the data as well as all the network effects. And that allows them to extract as much as possible.

Also, the users are not able to switch outside of the system because all their friends and family is already on that existing platform. In contrast, what we are building, all of us, is Ethereum, which is an infinite garden. It is permissionless. You can join it and leave it whenever you want. It is open source.

it is interoperable. All the data is out there, and you can build applications on top of anyone's data, and it is composable. Like, you can call your application, can call another application without asking explicit permission from the application builders. That leads to low switching costs. Like, you can switch from one DeFi application to another That leads to low switching costs, like you can switch from one DeFi application to another DeFi application whenever you want, and it also leads to raise to zero fees, which I'm not sure whether that's a good thing for businesses, but yeah, that's happening in the DeFi space right now.

But one big problem that we have is we have these execution systems, execution environments, which have these properties, but we do not have enough data because all the data still sits within siloed databases on these Web2 platforms. So how do we solve that problem? We break the walled gardens using programmable cryptography. We break the walled gardens using programmable cryptography. And this allows you to get access to authentic and selectively disclosed data, which the user is consenting to share.

So the tools that enable us to get access to the data is ZK, MPC, FHE, and all the rest of the cool stuff that EF and PSE is building. And also, like, one of the key important properties is that it is permissionless, and it is programmable for builders. So you, as an application developer, can define what data you want to be outsourced with consent of the user from existing Web2 data silos you want to be outsourced with consent of the user from existing web to data silos like Facebook, Instagram, Ticketmaster, you name it. So that was the context. What we are building is a peer-to-peer infinite garden.

ZKP2P is trying to build a peer-to-peer marketplace where you can trade all sorts of digital goods. And those digital goods can sit on existing platforms like Ticketmaster, Namecheap, Venmo. But you do not have to ask explicit permission from them to build those peer-to-peer marketplaces as well as interact with other counterparties. Yeah, we have a couple of products live. We have an on-off ramping product live.

We have a domains peer-to-peer marketplace. And the one that we recently launched is a fan-to-fan ticket marketplace where you can trade tickets on the secondary market. I guess to lay down the motivation as to why we are building that, as I mentioned before, these existing platforms are highly unsuitified. They are expensive, unreliable, and they're slow. You can see the NPS scores over there.

They're very low. It's supposed to be... Eventbrite is the only one that has decent NPS score, but all these other ticket market places have a very low NPS score. This is the good market to start from. Yes, these are some of the properties about ticket marketplace that is already live.

It's zero fraud, as in all the tickets that are listed on the ticket marketplace are authentic. We verify using applied cryptography techniques that the tickets that are listed on our marketplace are indeed owned by the seller. And also because we are using smart contracts, we are a very small team, we have very low operational costs and that's why we are able to charge a very small fee as well as we get fast settlement because of blockchains. Yeah, it is live on tickets.zkpw.

xyz if you want to buy tickets. We have a couple of Coldplay tickets listed yesterday. You can go ahead and buy them. You also have a couple of basketball tickets listed on the marketplace. Whenever you or your friends are trying to buy tickets, please go check out our marketplace.

If there is a ticket there, you will obviously get it way cheaper compared to other marketplaces. You can try there, and if not, you can obviously go back to your existing secondary ticket marketplace of your choice. Yeah, that's it. Thank you. Thank you.

I guess I'm curious. How do you source the tickets? I mean, it's like I don't want a ticket anymore. I want to sell it to someone. But they put it on their wall, too, right?

So it's hard to... I guess I'm... How do you source a ticket, and how do it's hard to, I guess some how do you source a ticket and how do you get past to the issues that, I mean, the obstacles that they set. The question was around, like, how do you source the tickets and how do you, I guess, go past the boundaries that these, for example, Ticketmaster has set. So I did not dive into the tech here, but it the boundaries that these, for example, Ticketmaster has set.

So I did not dive into the tech here, but it's basically like we are able to... I briefly mentioned ZK and MPC. So, like, PSC has these primitives called TLS notary. There's also ZKTLS, which is way hyped these days. Using those cryptography techniques and hooking into the TLS layer so you as a user when you talk to Ticketmaster or any website you already use existing cryptography primitives called TLS and we are able to add additional stuff on top of that and then allow the user to prove to us, which is the marketplace, that you own those tickets, and those tickets are on Ticketmaster.

And once you generate that proof, then you can obviously put it on chain and then add a corresponding price to it as to why I'm willing to sell these tickets for $100, for example. And later, when somebody signals an intent that they want to buy this ticket, you transfer the ticket on Ticketmaster,