Despite the growing rise in popularity of Internet platforms, these are still facing the challenges of untrustworthy news and contents, increasing user engagement rate and inspiring users to contribute high-quality content, as well as avoiding detrimental activities.
Currently, when information comes in large amounts, the usage of and control over the top-quality details are becoming increasingly important. Consequently, Internet participants have a high need to access a high-quality Internet community, however low motivation to engage and add value themselves. Can the net participants be incentivised in the future 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. The best 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. Because the people who own reputation include natural persons, merchants and content including articles, novels, music, and television series, DREP’s solution targets quantifying and monetizing the reputation value for all the reputation owners using their own characteristics.
DREP Foundation is creating a system to push this concept forward and transform it into reality. By creating a Decentralized Reputation System, DREP Foundation’s vision is always to build a reputation-centered blockchain platform through the use of Drep, economic incentives, and data sharing; to break the data barriers between different Internet platforms and enable applications on the Internet to increase the price of reputation data.
DREP will form a method where reputation values of various internet platforms, that are portion of the system, will likely be interconnected and influenced by one another forming a supreme pool of reputation one of them. Thus a collective digital reputation value may be unleashed on inter-connected DREP community and used to best serve the requirements both Internet platforms along with their users.
Additionally, through smart contract control components and different types of smart contract templates, DREP aims to break the barriers for Internet platforms to get in blockchain network. Using reputation gnlowe a link DREP will connect internet platforms together encouraging collaborative improvement from the internet community.
DREP is also intending to help the expansion of the blockchain community by co-establishing a joint laboratory and rehearse 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 quality of the Internet community in general.
Regardless of the growing interest in internet platforms, these are still facing the challenges of untrustworthy news and contents, enhancing the user engagement rate and encouraging users to contribute high-quality content, along with avoiding malicious activities. DREP concentrates on solving those challenges for certain types of internet platforms including social platforms, tool platforms, content platforms and e-commerce platforms.