Inspite of the growing rise in popularity of 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 very large amounts, the usage of and charge of the top-quality information is becoming increasingly important. Consequently, Internet participants have a superior need to access a higher-quality Internet community, however low motivation to engage and add value themselves. Can the internet participants be incentivised in the future together and create a highly engaged, high-quality, trustworthy and interconnected community?
Under DREP, reputation, similar to the “goodwill” in intangible assets, will have a value allotted to it on the Internet platform. The way to quantify reputation under DREP is principally based on the behaviors of possible reputation owners on the Internet, including publishing content, commenting, rating, voting, sharing, tipping, and trading. As the those who own reputation include natural persons, merchants and content including articles, novels, music, and television series, DREP’s solution focuses on quantifying and monetizing the reputation value for all the reputation owners making use of their own characteristics.
DREP Foundation is constructing a system to push this idea forward and change it into reality. By making a Decentralized Reputation System, DREP Foundation’s vision would be to build a reputation-centered blockchain platform by utilizing Decentralized Reputation, economic incentives, and data sharing; to get rid of the data barriers between different Internet platforms and enable applications on the Internet to optimize the price of reputation data.
DREP will form a system where reputation values of different internet platforms, which are portion of the system, is going to be interconnected and determined by one another forming a supreme pool of reputation one of them. Thus a collective digital reputation value could be unleashed on inter-connected DREP community and employed to best serve the requirements both Internet platforms as well as 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 together encouraging collaborative improvement of the internet community.
DREP is also likely to help the growth of the blockchain community by co-establishing a joint laboratory and exercise base, and also the Dubai Blockchain Research Institute. If successful, DREP will be a game changer for your decentralized reputation network and for the quality of the Internet community generally.
Despite the growing interest in internet platforms, they may be still facing the challenges of untrustworthy news and contents, enhancing the user engagement rate and encouraging users to contribute high-quality content, as well as avoiding malicious activities. DREP targets solving those challenges for some types of internet platforms including social platforms, tool platforms, content platforms and e-commerce platforms.