Blockchain Based Reputation System

Use Lightweight Contracts to increase trust and implement blockchain based reputation

Trust — Noah Buscher — Unsplash

Since the creation of the Nxt asset exchange back in 2014, we have been fighting a war of attrition against scammers. Due to the simplicity and excellent usability of the Nxt platform, issuing an asset is a simple and inexpensive process. The drawback? For every legitimate asset issued, we have a scammer (or many) which attempts to trick users into buying their fake tokens instead of the legitimate ones. Furthermore, when an asset is issued, there is almost no possibility to verify the identity and credibility of the issuer.