Inspite of the growing interest in Internet platforms, these are still facing the difficulties of untrustworthy news and contents, increasing user engagement rate and inspiring users to contribute high-quality content, as well as avoiding malicious activities.
Currently, when information comes in huge amounts, the access to and control over the high-quality information and facts are becoming more and more important. Consequently, Internet participants have a high desire to access a very high-quality Internet community, however low motivation to engage and add value themselves. Can the web participants be incentivised ahead together and create a highly engaged, high-quality, trustworthy and interconnected community?
Under DREP, reputation, like the “goodwill” in intangible assets, may have a value allotted to it on the Internet platform. How you can quantify reputation under DREP is primarily based on the behaviors of possible reputation owners on the Internet, including publishing content, commenting, rating, voting, sharing, tipping, and trading. Because the those who own reputation include natural persons, merchants and content like articles, novels, music, and television series, DREP’s solution concentrates on quantifying and monetizing the reputation value for each one of the reputation owners utilizing their own characteristics.
DREP Foundation is building a system to push this idea forward and turn it into reality. By developing a Decentralized Reputation System, DREP Foundation’s vision would be to create a reputation-centered blockchain platform by utilizing Reputation System, economic incentives, and data sharing; to break the info barriers between different Internet platforms and enable applications on the Internet to optimize the need for reputation data.
DREP will form a method where reputation values of numerous internet platforms, which are area of the system, will likely be interconnected and dependent on each other forming a supreme pool of reputation and this includes. Thus a collective digital reputation value may be unleashed on inter-connected DREP community and used to best serve the requirements both Internet platforms as well as their users.
Additionally, through smart contract control components and different types of smart contract templates, DREP aims to get rid of the barriers for Internet platforms to get into blockchain network. Using reputation gnlowe a hyperlink DREP will connect internet platforms with each other encouraging collaborative improvement from the internet community.
DREP is also planning to assist the development of the blockchain community by co-establishing a joint laboratory and practice base, as well as the Dubai Blockchain Research Institute. If successful, DREP will be a game changer for your decentralized reputation network and also for the expertise of the Internet community in general.
Despite the growing popularity of internet platforms, these are still facing the difficulties of untrustworthy news and contents, improving the user engagement rate and encouraging users to contribute high-quality content, in addition to avoiding malicious activities. DREP targets solving those challenges for certain types of internet platforms including social platforms, tool platforms, content platforms and e-commerce platforms.