Introduction
In the emerging decentralized and pseudonymous environment, there is a need for coordinates to assess the trustworthiness of those to deal with. U°OS is a universal reputation system constituting an open-source blockchain protocol.
U°OS was created to be the standard for evaluation of reputation on the emerging decentralized web.
Problem Statement
Reputation is the Missing Piece to the Trustworthy Web Existing cryptocurrencies are used by the decentralized environment for maintaining economic relationships. However, our reputation on the web also has an economic capacity. Until now, this capacity could not be fully revealed as there were no coordinates to quickly, effortlessly and comprehensively assess the trustworthiness of those to deal with across multiple online platforms.
The absence of a universal and distributed reputation system makes the decision-making process slow and costly.
According to the study by Lene Pettersen, peer-to-peer platforms’ users consider rating score as the most important factor of making decisions on whether they would deal with strangers. However, the study also found that platforms control and change rating categories with subsequent consequences. Thus, existing evaluation systems are not fully reliable and not transparent.
Solution
The U°OS reputation system scores digital entities based on the network’s feedback.
Following 1.5 years of research and development, the U°OS team introduces a new technology — an open-source blockchain protocol that translates social and economic actions into reputation. U°OS brings the reputation system to the peer-to-peer environment without violating its decentralized and privacy-friendly nature.
Value Proposition
Velocity and Cost Efficiency for Economic Interactions Online
U°OS reputation system can be effortlessly integrated with any service or application such as payment systems, value exchange services, social platforms, etc. U°OS integration augments user experience with competitive gameplay elements by revealing the reputation of digital entities.
Uos Whitepaper
