Regardless of the growing rise in popularity of Internet platforms, these are still facing the challenges of untrustworthy news and contents, increasing user engagement rate and encouraging users to contribute high-quality content, along with avoiding detrimental activities.
Currently, when information can be found in huge amounts, the access to and charge of the top-quality information and facts are becoming increasingly important. Consequently, Internet participants have a high need to access a very high-quality Internet community, however low motivation to engage and add value themselves. Can the web participants be incentivised to come together and make up a highly engaged, high-quality, trustworthy and interconnected community?
Under DREP, reputation, similar to the “goodwill” in intangible assets, will have a value assigned to it on the Internet platform. The way to quantify reputation under DREP is mainly based on the behaviors of possible reputation owners on the Internet, including publishing content, commenting, rating, voting, sharing, tipping, and trading. Because the people who own reputation include natural persons, merchants and content like articles, novels, music, and TV series, DREP’s solution focuses on quantifying and monetizing the reputation value for each one of the reputation owners utilizing their own characteristics.
DREP Foundation is constructing a system to push this idea forward and change it into reality. By developing a Decentralized Reputation System, DREP Foundation’s vision is to create a reputation-centered blockchain platform through the use of Drep Ico, economic incentives, and data sharing; to interrupt the info barriers between different Internet platforms and enable applications on the Internet to increase the need for reputation data.
DREP will form a process where reputation values of numerous internet platforms, which are part of the system, is going to be interconnected and influenced by one another forming a great pool of reputation among them. Thus a collective digital reputation value may be unleashed on inter-connected DREP community and used to best serve the needs of both Internet platforms along with their users.
Additionally, through smart contract control components and various kinds of smart contract templates, DREP aims to get rid of the barriers for Internet platforms to get in blockchain network. Using reputation gnlowe a web link DREP will connect internet platforms with one another encouraging collaborative improvement of the internet community.
DREP is also intending to help the expansion of the blockchain community by co-establishing a joint laboratory and exercise base, as well as the Dubai Blockchain Research Institute. If successful, DREP will certainly be a game changer for the decentralized reputation network and for the quality of the Internet community generally speaking.
Regardless of the growing rise in popularity of internet platforms, they may be still facing the challenges of untrustworthy news and contents, increasing the user engagement rate and encouraging users to contribute high-quality content, as well as avoiding malicious activities. DREP focuses on solving those challenges for certain kinds of internet platforms including social platforms, tool platforms, content platforms and e-commerce platforms.