Introduction:
As you all know that this is the era of media and media is growing day by day same is the case of social media. Billions of people are now using social media like Facebook, twitter, etc. and this has become the important part of everyone’s life. We are using Facebook while reading and eating. Indorse is moving one step ahead in this by providing the money by sharing profit for what we upload on the social media like our skills, status, information etc. and given back the ownership to user. The reward given will motivate the people to add more and more skills to their profile. How will they do this? The answer is simple, all members will get a chunk of profit for the activity they are doing on the platform instead of watching. And how amazing is that you are getting profit by using a product. And the organizations who wanted to advertise their products will pay for the space and these funds will be used for the development and up-gradation of platform. The funds collected from these advertisements will be distributed to the individual who made those contents.
Vision:
Basically, indorse provides a platform to share experience and make money and getting profit form reputation. The reputation is based on the quality of profile, the education of the member, its profession and much more.
Why Ethereum blockchain:
Ethereum blockchain will be used in this project and the basic reason behind using blockchain technology is that existing social networking sites like LinkedIn and Facebook are already saturated and slower down due to extensive use. While on the other hand Ethereum community is continuously growing at a rapid pace and the big fishes are lagging Ethereum in terms of inter_blockchain activity. They will be using IPFS for storage mechanism.
Working:
There are two roles on the platform. Claimant, who claim their personal skills or professional skills related to their profile. Claimant must attach the proof along with his claim. The moderator will check the claim, that either claim is right or not and then approve it or reject it. Like POS, indorse is using “indorse score” similar to feedback, if the claim approved then the stakes will be added to the claimant profile and his reputation will be increased and vice versa. IND token will be distributed in crowd sale. For further information please read indorse whitepaper.
Some useful links:
Official website, Whitepaper, facebook, slack, Twitter.
Author:
ETH address: 0x1a0a527236d8908Db0007E546B544Cba3F226A90