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Closed-Loop Credentials Vis-à-Vis Expanding Marketplaces

Buyers and sellers are two sides of the same coin; one would not exist without the other. If the ownership of an asset is to move from one party to another, what is absolutely imperative is that there be a seller and a buyer. Once the intent is established, the asset in question needs to be valued, and once the valuation is acceptable to both parties, an exchange can take place.

Historically, some form of credit or the other has prevailed over barter, although both mediums of exchange are still in vogue. Cash or bank notes are essentially promissory notes ...

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