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Decentralised trust and reputation
Commerce and trust need each other, but current systems are complicated. We use smart contracts to simplify the relationship.
What does it do?Our decentralised trust and reputation system (DTRS), powered by smart contracts, works flawlessly with Monetha’s payment processor. We let the buyer see trustworthy and transparent reviews made by previous customers.
How does it work?The information needed to ensure a trustful relationship between buyer and seller (such as warranty) will be recorded onto the blockchain. Smart contracts will automatically amend each party's trust rating according to an algorithm that assesses the quality of the transaction.
Creating a decentralised commerce of trustThis is revolutionary. Based on the information saved during the transaction, clients and merchants will be able to file/solve a claim, rate each other, view ratings etc. Their history is then recorded onto the immutable Ethereum blockchain so that others can make well-informed commercial decisions.