DREP

DREP DREP

$0.0037
Market Cap $ 14.619 MM (#421)
24h Volume $ 1.204 MM
Chg. 24h: 4.01%
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DREP project purpose and description

DREP clarity of purpose

DREP purpose and aspects

Decentralized Reputation System (DREP) is a decentralized solution based on blockchain technology that quantifies and monetizes reputation value and uses it for trading, making investment, sharing data and providing services for all the Internet platforms.

DREP categories

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Short description

DREP is committed to building "connectors" and "toolkits" based on blockchain technology, providing solutions that combine ease of use, flexibility, and frictionless integration.

Abstract

If the commercialization of the internet is because it connects information. Then we can say that the reason why blockchain could rise above the Internet and the Internet of Things (IoT) is that it breaks the data barrier, connecting everything. DREP is committed to building “connectors” and “toolkits" on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Current blockchain adoption is still in segregation and data are still in silos. Both general public chains and vertical industry chains establish a closed ecological system in order to maximize competitive advantage. As a result, dApps (decentralized applications) have to develop independent versions for different public chains in order to reach more users, resulting in segregated user-and data-base. To face this issue, DREP priorities decentralized ID, cross-chain structure and DREP SDK to serve as a “connector”, supporting multi-public-chain asset versions with one-click, crossplatform data integration and privacy protection in data sharing based on homomorphic encryption. As blockchain moving from research labs towards real-world applications and mass adoption, enterprises, more often than not, lack enough blockchain knowledge to find out potential usages of this technology in the existing operation. At this stage, be it infrastructure layer or application layer, a light, high-quality, productized solutions is much needed to quickly penetrate the market and solve pain points of business fragmentation, hence acquiring a desired technological input-output ratio and maximizing user experience. In this respect, DREP, functioning as a “toolkit”, adopts a customized dual-layer architecture and advanced API and Plug-in support as well as DREP SDK catering to differing verticals.

Link to Roadmap: https://www.drep.org/#roadmap
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