Feedback based Reputation on top of the Bitcoin Blockchain

TL;DR

This paper proposes a decentralized reputation system for web communities built on the Bitcoin blockchain, aiming to improve trustworthiness and prevent feedback abuse without relying on centralized authorities.

Contribution

It introduces a novel method for implementing reputation management directly on the Bitcoin blockchain, enhancing decentralization and security.

Findings

The system effectively prevents feedback manipulation.

It operates without centralized control.

It leverages blockchain transparency for reputation tracking.

Abstract

The ability to assess the reputation of a member in a web community is a need addressed in many different ways according to the many different stages in which the nature of communities has evolved over time. In the case of reputation of goods/services suppliers, the solutions available to prevent the feedback abuse are generally reliable but centralized under the control of few big Internet companies. In this paper we show how a decentralized and distributed feedback management system can be built on top of the Bitcoin blockchain