If the community where you live suddenly installed access control, each resident is required to provide an ID card and mobile phone number for registration, and then you can scan the code to open the door through the mobile phone, but the price is that every time you open the door, it will be recorded and photographed. Would you choose to trade privacy for convenience?
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Use of reputation systems by giant technology companies
However, whether it is data security and privacy protection, or a more effective and reasonable use of data value, no better solution has been found, and blockchain technology may provide a better solution.
Recently came into contact with the decentralized reputation system「DREP」(Decentralized Reputation System), plans to provide decentralized solutions for reputation quantification, realization, trading, investment and data sharing by establishing a user information pool, using blockchain technology to ensure the privacy and security of information, and at the same time integrating people, things and The service tripartite is connected.
The traditional centralized Internet, due to the limitations of the centralized company model itself, puts too much emphasis on the closed-loop economy, and it is difficult to achieve more efficient integration of information between different companies. Moreover, traditional company information is closed and opaque, the credibility of the data is doubtful, and there is a possibility of fraud.
However, the current public chain Ethereum has low transaction processing speed, limited concurrency and scalability, and is not enough to support large-scale applications. In addition, not only the Ethereum public chain, but also most of the Dapps on Ethereum stay at the token issuance level, and few Dapps can connect user information with tokens, so information and tokens are separated.
As a result, at the level of value transfer, the value of the information retained in the Ethereum ecosystem and the value-added space left for data mining are very limited, or the further development on the basis of the existing public chain is highly restricted. Ethereum has also been trying various expansion technologies such as shading and plasma, but it is difficult to implement.
Xu Xiaolong, CEO of DREP and former chief development engineer of QTUM quantum chain, said that DREP will redevelop the public chain by itself, integrate the entire idea into the original architecture and technical design, realize the connection between data and tokens when they are on the chain, and open up cross-platform The user reputation system establishes the connection between different dimensions of information behind a single user ID and improves the value of data package information on the chain.
DREP reads the public key address bound by the user and sets the reputation value of each DRAPP platform (side chain) in a readable state, so as to obtain the reputation data of users in the DREP ecosystem, and then form a user information sharing pool. Break the data islands between the existing public chains, improve the synergy of each DRAPP and the efficiency of the public chain ecology.
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DRAPP application reputation quantification model on DREP public chain
In addition, the DREP economic incentive model includes four main models: the VOTE economic model that encourages high-quality content and product services, the reputation endorsement economic model that encourages users to participate in Vote, the reputation reward economic model, and the reputation investment economic model.
In the early application scenarios, DREP mainly focuses on transaction platforms, social platforms, tool platforms, and content platforms. It is mainly small and medium-sized companies on the B side that are difficult to connect to the blockchain. DREP currently cooperates with 4 customers, with daily active users ranging from 10,000 to 20,000. For partners, DREP will provide technical support such as smart contract templates, reputation system operation support, and token reward mechanism support to lower the access threshold.
In terms of technology development progress, DREP is currently focusing on the research of the reputation consensus protocol and developing the underlying network in parallel. The test network is expected to be launched by the end of this year. Its internally incubated DRAPP application, the debate-style online content platform Blockbate, is in the internal testing period and is expected to go online in the next 1-2 months.
I am Zhang Yi, a reporter from Odaily. I am exploring the real blockchain. For breaking news and communicating, please add WeChat ro20110723. Please note your name, unit, position and reason.
I am Zhang Yi, a reporter from Odaily. I am exploring the real blockchain. For breaking news and communicating, please add WeChat ro20110723. Please note your name, unit, position and reason.
