Uprightly is a decentralized reputation management protocol that empowers users with information to make smart decisions and incentivizes cooperation amongst market participants.
Uprightly is independent of any other platform, so usersβ Uprightly reputation can follow them everywhere, online AND offline.
It makes use of the Ethereum blockchain to assure fair play and avoid censorship and manipulation.
The Uprightly protocol includes economic theory to incentivize users to cooperate.
Uprightly also includes a world-class user interface application that allows users to see the reputation of users and create reviews for users.
It can be integrated in to all sorts of third-party applications via a robust API, as well.
Problem Statement Summary:
There are many issues facing efficient markets today. Some are pervasive in all markets while some are unique to decentralized markets:
Reputation Centralization
Trust in a Decentralized World
Fraud
Information Asymmetry
Reputation Manipulation
Solution:
What is it?
Uprightly solves these problems with a unique combination of blockchain-enforced features and economic incentives. Coupled with a delightful user-interface, the technology behind Uprightly creates an easy, robust, secure, decentralized and reliable protocol with which users can invest in their reputations both online and offline. This protocol acts as a unifying reputation system across any platforms that a user conducts business. Since Uprightly is platform-agnostic and can be used anywhere, an API is also in the roadmap to allow other services to integrate with this reputation system.
How does it work?
Uprightly is designed in accordance with the idea that it should be cheap to maintain a great reputation and very expensive to try to game the system or be uncooperative. There are three major components to the Uprightly solution:
The Uprightly protocol token (UPT)
Incentives for cooperating with each other
Public record of past behavior of participants
Team
Our team consists of several experienced software engineers with backgrounds in economics, law, and distributed systems.
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