Review Chain
What is Review Chain?
Review chain is a Blockchain based review platform, where you can earn crypto currency (RVC) by posting a review on ( Products, Games, Exchanges, Crypto projects, Apps, Books, Services etc)
Basic concept-
Blockchain a revolutionary technology has taken the world by storm. Although it was initially a part of cryptocurrency exchange, it has now outshined its traditional use and finds its application in various other fields. Whether it is about tracking the product or managing the information, blockchain provides the base or everything. However, its role is now no more limited to just financial transactions, but you can find myriads of uses of the blockchain.
We know that online purchase has picked up the pace and around 58% of consumers take into consideration the online review site once a week. These websites do influence the buying behaviour of the people. Research reveals that 93% of the shoppers say that the testimonials and reviews left by the customers influenced their buying decision. So, you see that review platforms do have an important role to play. But, it’s not all good when we talk about the review industry. There are certain drawbacks which it has that has made us think about a new technology that can help these review sites overcomes these loopholes.
You might be wondering why would review site need blockchain or how will blockchain help the review sites.
Well, i will explain you in this article.
First you have to know about some challenges in the current review website :
Fake Reviews:
Well it’s a known fact that review sites are always dicey. You don’t know whether the reviews that you are reading are genuine or paid. Advertising usually finances them. Thus, there are legitimate issues that surge when it comes to reviewing websites.Dependence on Tech Giants:
Data now drive the market. Most of the tech giants have now stepped into the world of data. With the surge of this, even the big brands depend on this tech giants. Under such circumstances, that these industries have a monopoly in the market. They can change the algorithm and how things work for them.The polarisation of reviews:
While searching through a particular product you would have seen that there are products or services or companies that have extremely positive or extremely negative reviews. Under such circumstances, the buyer fails to understand whether to believe these reviews or not. Thus the review sites lack trust and faith. Companies often use paid reviews to impact their competitors adversely.Thus we see that the current review sites are profoundly influenced and are unmoderated. Anyone can log on to your portal and leave negative feedback. This adversely impacts the company’s performance and reputation in the market. This has created a gap in the market and a need for a technology that can help in making the review sites more trustworthy.
How will Blockchain help?
Blockchain, as we all know, is a distributed ledger technology. In here all the information are stored in chronological order. You can anytime look at this ledger and track any particular piece of information. Since all this information is time stamped, it becomes effortless to trace any information and its authenticity.
Now comes the question how will blockchain help the review sites? Transparency is the first thing which a blockchain powered platform will offer. It will provide users, merchants, and third parties with a clear view of the entire protocol which governs the review mechanism. Moreover, with Blockchain, you can see through the entire activities.
Immutability- Blockchain has an active feature of immutability. Once the reviews are entered on the Blockchain-enabled platform, no one can change it. If anyone tries to do the same, one can easily trace it.
With these two essential features of Blockchain it can easily cut down the flaws in the current system, and you can easily manage the entire system. Moreover, with the help of blockchain technology, you can manage the whole reviews. It will further create trust, and the customers will get a genuine opinion.
The use of Review chain platform :
We will create a Blockchain powered platform which will be actullay a forum. People can post their review on different kind of products in different kind of rooms( Like - room for Book, App, Game, Crypto project, exchanges etc). After choosing the room, they can create articles or videos as the product review. Our platform will pay for reviews based on its quality. Also can receive extra tokens if users like or comment on their reviews and video reviews also for it's view.
Users can add new products on our forum and start review on it and other users can also make review on that new listed product.
Users can review on a Crypto project also on the forum's Crypto related room, review a Game or Apps or Book review on its own roooms.
The future of Review chain- If online buy selling platforms make partnership with us they can link to our platform's product reviews to their website. Like- Amazon wants to sell a product and our platform users have already made reviews about that product ,so now we can sell those reviews to Amazon .Whenever some one click on that products reviews it will redirect to our platform and peoples can check reviews from there.
Review a Crypto projects would be something special one. We can host the book ico service also.