Abstract

The transition to web2 brought centralized platforms that housed diverse digital identities, scattering reputations across various silos. Exiting a platform rendered one's reputation inaccessible, affecting aspects like social following and credit scores. Despite web3 championing self-ownership, reputation remains an overlooked facet, posing challenges in an era where anonymity outstrips accountability.

True Network is building the reputation systems for the internet by making it super easy for anyone to become an issuer, attest to work done by people on the internet & create models aka Algorithms for Reputation Scores.

Developers can create Reputation Algorithms for different use cases that live on the True Network Nodes & get’s computed in a trustless manner.

True Network is the missing piece of the internet today. As it brings accountability to anonymity in web3.

Utility

On-Chain Reputation Systems powered by True Network has a great utility in the following areas:

• DeFi: Building under collateral lending system that uses reputation as a secondary asset at stake
• Gaming: On-Chain Games will able to create more reliable & fair tournaments that will eliminate players joining from multiple accounts by setting a base reputation required.
• Dapp Retention: Decentralised applications have a very low retention rate, because of now personalised experience for their users. Having a reputation system can help build long term relationship & identify the power users so they can reward them.

Read in detail, in the lightpaper.