TrueFeedBack Whitepaper

In this paper, we will introduce TrueFeedBack platform. Upon giving brief information about surveys, two major problems in today’s survey practices, anonymity and incentives will be discussed. Later TrueFeedBack’s solution which uses help from blockchain technology will be analyzed. TrueFeedBack’s token economy and roadmap of the project will also be explained.

A brief introduction about blockchain, surveys, and TrueFeedBack solution.
It has been more than 10 years since the emergence of Bitcoin. Bitcoin was designed to be a peer-to-peer payment method, however, the technology it brought was developed further in the past years. Ethereum, for example, introduced the smart contracts to the blockchain and that opened up new ways for using blockchain in real-world cases. So that the blockchain technologies are not just for peer-to-peer payment anymore. Smart Contracts and Live Contracts enable developers to develop decentralized applications (DAPPs) on the blockchains. Blockchain is still developing and its full potential is yet to be discovered, so the upcoming years will show the world what it is capable of. That is why so many experts state that Blockchain’s current situation is similar to the Internet in the ’90s.

What made blockchain technologies so popular? This question does not simply have just one answer. One of the biggest reasons is that blockchain transactions are anonymous. Even though every transfer can be traced on the blocks, the addresses are not related to any personal IDs and that makes cryptocurrencies anonymous. However, the traceability might cause disclosure of the identity if an investigation is carried out very carefully. Therefore, there are fully anonymous blockchains which were developed like Monero in which transactions cannot be traced all the way down. Therefore, spending money anonymously without being watched attracted many people to Bitcoin. Another reason was the volatility of the cryptocurrencies. Many people made a fortune due to volatile markets and that attracted too many investors into it. Market cap for crypto money ecosystem has reached to approximately 850 billion USD in late 2017. This shows the growing appetite of investors into the cryptocurrencies. Smart contracts and their applicability to real-world businesses are also another reason for people’s attention to the blockchain.

TrueFeedBack is a survey platform where companies, academicians or anyone else can create a survey and reach to users using TrueFeedBack and incentivize them. In addition to that, companies or brands will be able to find secret customers in their desired location or arrange treasure-hunt-like activities in the TrueFeedBack platform. What differentiates TrueFeedBack from SurveyMonkey or Google Survey or other bounty applications will be the anonymity of users. TrueFeedBack platform will not gather any information about users’ identity and the incentives will be distributed in TrueFeedBack token (TFB). So that users will enjoy their anonymity while being able to participate in surveys and earn incentives from them. This will be discussed further in later sections.

In the coming sections, a discussion about surveys in general will be given and then TrueFeedBack’s solution will be presented. Later we will investigate our business model and tokenomics. Finally, the paper will be finalized with some conclusive ideas.

TrueFeedBack Whitepaper

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TrueFeedBack Whitepaper