Feedback based Reputation on top of the Bitcoin Blockchain
This addresses the need for decentralized reputation systems in web communities, particularly for goods and services suppliers, though it appears incremental as it adapts blockchain to an existing problem.
The paper tackled the problem of centralized control in online reputation systems by proposing a decentralized feedback management system built on the Bitcoin blockchain, enabling trust assessment without reliance on big companies.
The ability to assess the reputation of a member in a web community is a need addressed in many different ways according to the many different stages in which the nature of communities has evolved over time. In the case of reputation of goods/services suppliers, the solutions available to prevent the feedback abuse are generally reliable but centralized under the control of few big Internet companies. In this paper we show how a decentralized and distributed feedback management system can be built on top of the Bitcoin blockchain