I have seen people proposing a “reputation blockchain” where peoples’ reputations are forever recorded publicly which might go a long way toward improving how people interact with other humans.
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“reputation blockchain” could be a new technology.
Reputation could be recorded fraudulently too.
But if we look at ebay, for example; it works. When I want to buy
something and the seller has 99.5% positive feedback, I usually
buy. So, ebay kind of polices itself, and it works for me.
If a seller would have 50% negative feedback, I would not buy.
Yes, there would certainly need to be a mechanism for submitting feedback that keeps things balanced. OpenBazaar is a decentralized market that has retailers that can be reviewed. They have addressed this issue. I am not sure of how they finally ended up doing it or if it worked out.
Possibly this forum is a reputation blockchain record.
Blockchains are decentralized and cannot be controlled by a central authority. Every “block” re-affirms the previous chain so it cannot be changed.
This forum is centralized and can be manipulated at the whims of a central authority.
Nice topic and i’m interested in this domain.
As you may know, Sesame Credit is well-known in China’s social credit field. Sesame Credit assign a social score to its users based on basic information, payment history, etc. And if we get high social score, we can get some benefit like no need to deposit, getting extra service, smooth transaction, …
For me, there are pros and cons below.
– Pros –
- People try to increase their social score, which leads to keep order in society.
- We can visualize our credibility, which leads reduction of transaction costs. This realized sharing economy and unmanned shops.
– Cons –
- Evaluation criteria is unclear.
- If some people get low social score, they could be limited their opportunities of improving the score because of less transaction, which could leads to fix the score.
There are a lot of problems, but as current country do, we keep order by laws and other criteria.
And reduction of transaction by unmanned is really attracted.
Wasn’t this on an episode of “The Orville”?
Black Mirror had an episode. I dislike it because even with decentralized control, it can be open to manipulation and misuse, with the end result being people being left on the fringes of whatever society, much like money is used today. But that’s my opinion.