The World Table Launches a Quantified Reputation System
The World Table, a startup company in Orem, Utah, is building a quantified reputation system to aggregate reputation data and report trust scores for individuals and organizations. The system is built upon Open Reputation, an open source decentralized reputation platform under development, sponsored by The World Table, which maps identity and reputation....
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Despite calls to adopt a decentralised reputation system on its platform, Bitsquare says it will not rely on it even though it is typically used to establish the trustworthiness of users in a network. Some Redditers, have asked for the system to be included as a feature on the platform. However, in a chat with CoinTelegraph, Mihail Mihaylov, Bitsquare’s Chief Decentralist, said the system could be used to defraud others. Mihaylov says: “For example, if Jane has a high reputation, it means a lot of users find her to be trustworthy. However, such systems can be manipulated to inflate the....
Bitcoin is a great way to move money around the world, and it is also a movement that wants to decentralize all services. However, the digital currency has not been embraced fully just yet, due to identity and reputation management, which could not be decentralized up until now. Trust remains an important factor, and people don’t trust decentralized platforms just yet. One of Bitcoin’s positive aspects is that there will be no disputes when things need to be resolved. But, how can you be sure you are not getting scammed with Bitcoin? A proper solution needs to be found, and the Bitrated....
A startup called Bonafide has raised $850,000 to build a reputation system for the bitcoin industry. The funding round, which comes from Quest Venture Partners, Crypto Currency Partners and the AngelList Bitcoin Syndicate, among others, is a step towards creating a scoring system for addresses on bitcoin's network. Notably, Bonfide.io was included in Silicon Valley's 500 Startups incubation program last year. Brian Moyer, the firm's co-founder, said that 500 Startups venture partner Sean Percival saw early on the potential for Bonafide to create more credibility in bitcoin commerce,....
For some of us love has been in the air this past weekend. And it is on that note that I would like to begin this article. On Friday last week, Quantified Assets announced to the world that they had launched a bitcoin vending machine that would dispense gold and silver. The vending machine is located at the Hackerspace on King George's Avenue, in Singapore. This was a first for the world, and the company behind the vending machines plans to include the same to all of its 118 machines in operation around the world. The choice of Singapore was also seen to be an inspired one since the....
As long as there is money there is power, and as long as there is power there is room to expand and grow. One of the biggest issues bitcoin has faced throughout its existence is that many traditional businesses and institutions just don't take it seriously. They look at it as something that attracts scams and illegal activity, and they don't quite understand the innovation the blockchain can bring to the digital world, so whenever a bitcoin company is able to raise a substantial amount of money to further secure its place in the world of virtual business, it is music to our ears. Recently,....