Whitepaper summary for the DREP ICO

[CryptoMav]

Below is an excerpt of Amity’s summary of the DREP ICO Whitepaper:

What is DREP?
DREP is a decentralized, cross-platform network for reputation ratings. The DREP team believes online platforms in several different niches are suffering from constant problems with users dropping out. This is happening because community members are not adequately rewarded for participation and reputation enhancement.

One example of this problem is e-Commerce platforms, where users rely upon reviews to determine if a product is worth buying. Many of these platforms are overrun with fake reviews and manipulation of ratings by merchants, leading to consumer dissatisfaction and user-flight.

Another example is social networks. These networks show a strong tendency towards a "Matthew effect" where content-producers with high-traffic can get even more traffic, regardless of the quality of their posts. This leads to fake followers and other kinds of negative behaviour.

A third example is tool platforms that provide products such as web-design and presentation templates. Like the other examples, these platforms are often manipulated by fake reviews and ratings.

The DREP team believes the solution to this problem is to create a cross-platform reputation management blockchain that allows reviewers, social media users, and content-producers to develop and monetize their reputations.

How does DREP work?
To read more, visit https://amity.io/blog/drep-ico/