Decentralized Reputation System (DREP) is a decentralized solution based on blockchain technology that quantifies and monetizes online reputation value for Internet platforms and uses it for trading, making investments, sharing data and providing services. Founded in Singapore, DREP aims to build an ecosystem where Internet participants on these platforms voluntarily maintain the reputation and conduct a series of activities around it such as monetizing, trading, and investing. DREP’s vision is:
– to build a reputation-centered blockchain platform for the Internet by utilizing a decentralized mechanism, economic incentives, and data sharing;
– to break the data barriers between different Internet platforms and quantify and monetize the reputation value of users, content, products, services etc. on the blockchain;
– to allow reputation-owners to manage their reputation in a safer and more private way;
– to enable applications on the Internet to maximize the value of reputation data.
