The Problem
Forming new relationships for business has been an issue since the dawn of commerce - how do you trust someone with whom you have never had any dealings with before? This question has led to many attempted solutions, but none have answered the problem.
In the "real world" personal recommendation became de facto means of establishing a trusted reputations. As more people recommended you, your network of trust increased along with your capability to influence or transact with others.
But word of mouth reputation really only scales to your first person contacts and as commerce grew it could bot scale, so other complimentary systems were tried to mitigate this problem. In finance, double entry accounting was intriduced to verify information provided. In the not too distant past, the primary gatekeeper for most of the consumer access to credit was their relationships with their bank manager and that managers opinion of the customers was considered essential.
To further exacerbate the problem, there is no single source of truth for reputation. Each platform has its bespoke Feedback and reputation system that are only applicable to their platform. This inheritance has left themwith the same systemic failings that, at worst, undermine the core value of Blockchain technologies; while they have absolute truth of transaction history via Blockchain technologies they lac a correlating non repudiation mechanism for reputation.
Finally, there remains no solution that provides enough incentives for reputational persistence across platforms that any system of review or feedback can be considered authoritative. This weakness significantly increase risk in digital transaction that legal frameworks cannot move fast enough or far enough for resolve.
The Tru Reputation Network
Tru Oracle Services
The Tru Reputation Oracle Services acts as the gateway to the Tru Reputation Network. Acting in concert with the Tru Reputation Profile and Tru Reputation Smart Contract it is the bridge between the Ethereum blockchain and the off blockchain world.
Tru Reputation Profile
The Tru Reputation Profile acts as the lynchpin for the the Tru Reputation Protocol. By linking identities to a Tru Reputation Profile you can persist your Reputation between platforms. The Tru Reputation Profile offers the flexibility to link your Ethereum wallets, Bitcoin wallets, Google ID, Facebook ID and many more into a single source of your Reputation.
Tru Smart Contract
At the heart of the Tru Reputation Netwroks is the Tru Reputation Smart Contract. This Smart Contract is the center of the Tru Reputation Protocol, linking Tru Reputation Profiles to Reputation Data and Transaction, as well as driving the Tru Reputation Token (TRU) Cryptocurrency.
Ethereum
The Ethereum Blockchain is used to underpin the Tru Reputation Network - acting as a medium for storage, public auditing, computation and non-reputation.
IPFS
All Tru Reputation Network is encrypted and stored in the Interplanetary File System (IPFS) by the Tru Reputation Oracle Services. This ensure that it is never stored in a centralized location whilst also ensuring security of the data stored.
Why Tru ?
Authentic Reputation
All feedback received by the Tru Reputation Network is linked to a transaction ensuring the authentic of the Reputation for every participant in the Tru Reputation network.
Qualified Participants
By requiring that all feedback be linked to a transaction between two or more parties, the Tru Reputation Network ensures that all parties providing Feedback were involved, preventing fake feedback.
Mutual Feedback
By requiring all parties involved in a transaction provided feedback to the Tru Reputation Network, it allows both sides to offer their feedback ensuring best behaviour when providing feedback.
Persistent Reputation
The Tru Reputation Protocol allows you persist your Reputation beyond single platforms to all platforms in the Tru Reputation Network.
Patent Pending Algorithm
By leveraging the patent pending the Semantic Term Feedback Algorithm, the Tru Reputation Protocol enables Reputation that uses easy to understand, simple feedback that is resistant to bots and fake riviews.
Reward Driven
Each party that provides feedback within the Tru Reputation Network seceives Tru Reputation Tokens. Tru Reputaion Tokens are in turn required by 3rd parties wishing to query the Tru Reputation Network ensuring value for your effort.
Multi Lingual
The Tru Reputation Protocol provides the capability to localise any Reputaion to any written language automatically enabling international commerce by removing the barries of communication.
Immutable
Tru Reputation Protocol reputation data is transaparently immutable and non repudible ensuring the highest levels of trust in the feedback within the Tru Reputation Network.
MORE INFORMATION
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Created by : 15persenlucky
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