Getting the services you need is hard. With YINC, You’re IN Control
We’ve all been there before. You need a service taken care of; maybe you need to hire a contractor to remodel your kitchen. Without any friends in the business or good recommendations, you’ll probably find yourself searching online. If you’re diligent, you won’t hire the first result on Google, you’ll scan forums for tips, read reviews and try to call a few places to get multiple quotes.
But did you know most reviews online are fake? Positive ones are often generated by the business itself to boost ratings, while some take an even lower road and create negative reviews for their competitors. And that’s not all, if a vendor gets a negative review they can even pay to have it deleted or buried! Not to mention that the majority of real customers don’t leave reviews anyway, and those that do are far more likely to have had a negative experience than a positive one.
Sifting through the hundreds of providers competing for your business is already a time-consuming task; taking these various manipulations and inconsistencies into account makes it nearly impossible to make a well-informed choice despite the overwhelming amount of information at your fingertips. But what can you do? You make a gut call and brace yourself; sometimes it turns out great and other times… well, the consequences of making a poor decision are too painful (and expensive) to think about, so let’s move on.
Eventually a solution is developed for every problem under the sun. Just as third-party platforms that allowed customers to post reviews drastically changed the services industry, there’s a new tool to boost the efficacy, reliability and overall usefulness of all that information online, to the benefit of service consumers and providers.
That new solution is YINC. With YINC, You’re IN Control. In fact, that’s exactly what it stands for. YINC utilizes blockchain technology to offer consumers a platform that insures the authenticity of online customer reviews while generating competition between providers and reducing overall costs for everyone involved.
So, we know what YINC’s purpose is; now, how does it work? Let’s follow our kitchen remodel scenario to find out. Knowing what service you require, you create a job lead on YINC. YINC then invites a few vendors to bid through its proprietary bidding process, creating a “competitive urgency” among the vendors bidding, giving you their most competitive quotes. In other words, you save time and money on jobs.
By continuing the transaction through YINC, you can choose to pay for the services just as you would normally pay for services online today, or you can pay using YINC tokens; a cryptocurrency created specifically to ensure that all reviews are linked to verified transactions, and then stored onto the blockchain so nobody, not even YINC, can ever delete or alter them.
Once all services and transactions are completed, you can write a review based on your experience. Why should you do that? Well, there are direct incentives built into YINC, and users are rewarded for their honest reviews by receiving YINC tokens in amounts equal to a percentage of the transaction. Those are coins that can be spent the next time you need to pay for a service. Moreover, after leaving a review you can elect to become what we call a “Referencer”. Refrencers get paid to talk to future customers who are considering vendors that they’ve completed jobs with.
Why pay using YINC coins? There’s an incentive for that as well. Paying a percentage of the cost in YINC coins reduces YINC’s service fee and brings down overall costs for consumers.
Managing all this on the blockchain and through smart contracts makes reviews tamper-free and creates an unalterable history of transactions and completed jobs. Once you’ve had that kitchen redone, anyone interested in buying the house can look and see the work that was done and understand the added value to the house.
That’s YINC in a nutshell and that’s the future of the service to hire industry: reliability, affordability, trustworthiness and ease. How could we aim for anything better than that?