Comprehensive Architecture for NEXT BASKET Platform with Integrated Web3 Functionalities

Decentralized Identifier (DID)

• Incorporate DID methods to authenticate users and partners without centralized servers
• Utilize Self-Sovereign Identity (SSI) standards like W3C DID and Verifiable Credentials, enabling users to control their own identity data
• Employ DID methods such as 'did' and integrate with Decentralized Key Management Systems (DKMS)
• Ensure compatibility with various DID standards (Verifiable Credentials)

Smart Contracts for Identity and Access

Embed smart contracts into existing Identity and Access Management (IAM) services to validate access

Decentralized Authorization Management Solutions

• Leverage solutions like OAuth or OpenID Connect, adapted for blockchain, for authorization management
• Blockchain-adapted OAuth for secure user authentication
• Decentralized Identity Management

Smart Contracts for Merchants and Automated Payments

• Introduce smart contracts to the payment system (within API Gateway and payment microservices) to automatically handle commissions, payments, escrow, and profit sharing
• Automated payment processing
• Escrow services to secure transactions
• Profit-sharing mechanisms for stakeholders

Asset Tokenization and Token Economy

• Implement functionality for tokenizing assets
• Create microservices for tokens (like ERC-20, ERC-721 or ERC-1155) used to reward users
• Integrate DEXs to facilitate automatic token exchange
• Token swaps without intermediaries

Token Economy Management

• Establish a microservice to manage all aspects of the token economy: issuance, distribution, incentives, reward management, staking mechanisms, and governance participation
• Explore diverse token economy models while adhering to relevant regulatory requirements
• Staking mechanisms to incentivize long-term token holding
• Governance tokens to allow participation in platform decisions

Integration with Crypto Platforms

• Add support for cryptocurrency payments by integrating with providers like Coinbase Commerce, Binance Pay, or CoinPayments, along with enabling direct on-chain payments
• Utilize Layer 2 solutions such as Lightning Network for Bitcoin or Optimistic Rollups for Ethereum to minimize fees and expedite transactions
• Select providers offering low fees, fast transactions, and support for various cryptocurrencies
• Support for payments in major cryptocurrencies, including Bitcoin, Ethereum, NEBA token, and stablecoins like USDT and USDC

Smart Payment Contracts

• Implement smart contracts for direct management of payments and transactions on the blockchain, ensuring security and transparency
• Incorporate escrow and automated fund distribution to participants
• Add logic to automatically convert cryptocurrency to fiat currencies through partnerships with crypto brokers or utilizing stablecoins
• Ensure compliance with regulatory requirements for financial transactions

Crypto Processing and Commissions

• Include a feature to automatically calculate and deduct commissions, with all transactions recorded on the blockchain for full transparency and easy tracking
• Employ smart contracts for automated fee management and revenue sharing among partners
• Ensure transparent and fair fees for all participants while maintaining confidentiality and data protection standards
• Reward customers for payments with NEBA tokens
• Store rewards in e-wallets integrated into the platform

IPFS or Arweave

• For storing documents and product data requiring durability and visibility
• Encrypt data before storage to guarantee confidentiality
• Consider mechanisms for fast data retrieval and high availability
• Hosting on decentralized platforms: IPFS (InterPlanetary File System), Swarm for distributed file storage

Decentralized Databases for Dynamic Data Exchange

• Graph Protocol or BigchainDB for dynamic data exchange between partners
• Employ OrbitDB or GunDB for decentralized data management
• Add a GraphQL-enabled microservice allowing access to data from decentralized environments
• Address issues related to data consistency, synchronization, and conflict resolution
• Secure and decentralized management (OrbitDB, GunDB)
• GraphQL microservices enabling efficient data access from decentralized environments

Security Features

• Data encryption for confidentiality and protection against unauthorized access
• Resilient against data breaches
• Decentralized domain names using systems like ENS

Decentralized Messaging Networks

• XMTP or Waku to replace some existing message brokers, enabling decentralized messaging between microservices and users
• Utilize LibP2P Pub/Sub for scalable and secure messaging
• Select a reliable, scalable network with necessary features, considering security, privacy, and system resilience

Integration of Oracles

• For obtaining real-time external data (e.g., cryptocurrency exchange rates, delivery data), integrated into existing APIs and microservices for external services
• Employ decentralized oracle networks to ensure reliability and protection against manipulation
• Implement validation and verification mechanisms for data received from oracles

Polygon or Arbitrum

• For processing Layer 2 crypto transactions, reducing transaction costs, and increasing processing speed
• Explore other Layer 2 solutions like Optimism and zkSync
• Ensure seamless integration and interoperability between Layer 1 and Layer 2 to facilitate the transfer of assets and data
• Cryptocurrency Payments

NFT Certificates of Authenticity

Utilize NFT certificates to prove the authenticity of products, especially for limited editions

NFT Loyalty Cards

• Use NFTs to create loyalty cards that offer preferential terms to customers
• Loyalty cards offering exclusive benefits
• Digital and physical product authentication through NFTs

NFT Rewards

• Customer engagement (e.g., reviews, referrals)
• Limited-edition product certificates
• NFT Functionalities

Token Staking

• Stake tokens to receive additional discounts
• Stake-based discounts for frequent customers

DeFi Lending

• Utilize DeFi platforms for installment payments for goods
• Financing options through DeFi: Loans and payment rescheduling for customers
• Liquidity pools to incentivize user participation

Decentralized Reputation System

A decentralized reputation system based on blockchain, where order history and reviews are cryptographically proven

DAO Governance

• Combine NEXT BASKET's functionality with a Decentralized Autonomous Organization (DAO), where the community can vote on improvements and new features
• Allowing token holders to propose and vote on platform decisions

Community Formation

• Formation of Decentralized Autonomous Organizations (DAOs) for community-driven governance
• Incentivizing active participation through rewards
• DAO Structure

Virtual Stores

Establish stores on platforms like Decentraland or The Sandbox, where users can browse and purchase products in a 3D environment

Virtual Products and NFTs

Offer digital assets such as clothing, accessories, avatars, etc., for use in the metaverse

AR/VR Integration

Enable virtual try-on of clothes via Augmented Reality (AR), preview furniture in homes before purchase, and other interactive AR/VR applications

Virtual Events

Organizing virtual events (e.g., product launches, concerts)

Issue Social Tokens

Create tokens awarded to active community members for actions like writing reviews, sharing content, or participating in discussions

Interaction Platforms

Integrate forums, chat rooms, or other platforms where users can connect, discuss products, and build relationships

Web3-Based Events and Campaigns

• Conduct online and offline events, games, contests, and other activities to engage the community and drive participation using Web3 tools
• Integration of gamification features: Contests and rewards for user engagement

Eco-Friendly Blockchain Networks

Choose environmentally sustainable blockchain platforms, such as Proof-of-Stake (PoS) networks, over energy-intensive Proof-of-Work (PoW) networks

Green Initiatives with Smart Contracts

Use smart contracts to automatically donate a portion of profits to environmental causes or offset carbon footprint

Environmental Footprint Transparency

• Inform users about the energy consumption and carbon emissions associated with transactions on the platform
• Offset carbon footprints associated with platform activities