Barter is the exchange of products or services between two or more persons without the use of money or a monetary means like a credit card. In essence, trading involves one party providing one good or service in exchange for another party providing another good or service.The project is aimed at allowing its users to exchange items with each other over the internet. This project will mainly act as an E-commerce System with the feature of feedback and communication between the users. The users will be enabled to post their advertisement for an item to be exchanged and interact with the offers received on that advertisement. The offers would be in the form of bidding and selection of an item for exchange. This system will also diminish the monetary means to a very less extent, making the system’s exchange processes purely cashless and item-rich. The goal of the system is to provide benefits to the public in the best way possible. The users will be saved from the hassle of the trips
Project Objective : Barter System, a web application, will allow people to trade products, items,or services with each other using either a bidding process or a selection process based on the items rather than real money. Items can be used or brand new depending on the user.
The objectives of the Barter system are as follows:
Online Bidding
Cash-less contact
Traceability
Feedback and Reviews to get to know about a user’s credibility
Centralized information repository
Facilitation for citizens
Ease of operation and access
Record maintenance
Socio-Economic Benefits: This project is aimed towards Pakistan's e-commerce sector. Based on our research and use of various e-commerce websites, we discovered that no website allows its users to exchange an item for another item via a bidding process. As it is sometimes the case that a person suffers a loss when going to the market to sell something for example a newly purchased mobile phone. Therefore, with these issues in consideration, Barter provides an ease to users with which they can exchange an item without the use of monetary means and diminishing the probability of loss in a sense.
Project Methodology: Incremental model of software development and Object-oriented design methodology.
Project Outcome :
Swift exchange of products without the use of money
Bidding mechanism to ensure variability
User interaction
Diminishing the chances of monetary loss
Traceability
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