Review.Network Yields $1.4 Million in Investments to be Blockchain Yelp!
New Review Network Yields $1.4 Million In Seed Investments
The new Review Network hailed as the ‘Yelp!’ of cryptocurrency is used for advanced market research and customer security. It’s about to launch with a seed fund of $1.4 million in investments from a private group of investors who are funding the development of the company. There are currently already over 100,000 users on the system who are supporting its ICO which is set for launch on the first of September.
Users on the platform can see reviews on hotels, restaurants, and places for entertainment from other users on. Transparency and efficiency are the main focal points of the Review Network, designed to help individuals avoid bad experiences at different establishments. In most regards, there is no way to determine if a review is false or real – but with the Review Network, the advanced artificial intelligence and ledger system are used to give incentives for accurate reviews on the network.
Not only are proper incentives offered for quality reviews, but, bad ones are placed on individuals who make false reports. By providing users with good and bad rewards depending on their authenticity, they hope to only see accurate, honest reviews on the platform.
Another quality of the system is that anything posted on it is validated through strict market research. With the new funding, they are making even better developments to help improve the system at an accelerated rate. The platform is said to strengthen customer reports using the platform’s token to give monetary incentives to users who make quality contributions. Another way is by using a decentralized system that operates on self-governance, so that after something is posted, it is validated by anointed members of the community who are chosen for one of several reasons, like reputation or experience.
The Review Network will also help companies by providing them with the best reviews from honest people. It will take reviews from nearly every type of establishment you can imagine in the service and hospitality industry, including hotels and restaurants. With over thirty people on the team already, the platform is operating at an astonishing rate of success.
Bankers, tech specialists and those from the hospitality industry make up the company which is preparing for its initial coin offering on the first of September, in just a couple weeks.
By connecting businesses with the right customers, the Review Network is aiming to change how companies perform services and market research. Surveys, giveaways, and other incentives are used to find the right people for the right company. There will also be a social network created where community members come together to share reviews and improvements to the network.