What is REPU?
The REPU system (abbreviated from English – "reputation") is a revolutionary project that allows you to completely rethink the way social networks are perceived. REPU is a rating and feedback system based on decentralized blockchain technology.
Technology allows you to completely replace the system of “likes” with the rating - both for users and for companies. The rating, subsequently, can be used as an assessment tool in various areas of the individual’s life - starting with professional skills, financial stability, and ending with all possible aspects of behavior and interaction with the public.
About REPU
Every year, social networks are gaining popularity, giving users the opportunity to communicate, exchange information, entertainment and just spend a free minute watching their friends. On the other hand, social networks have become a powerful tool for businesses when promoting their products/services by targeting the user audience.
The REPU system (shortened from English meaning – reputation) is a revolutionary project that allows you to completely rethink the way social networks are perceived. REPU is a rating and feedback system based on decentralized blockchain technology. Technology allows you to completely replace the system of “likes” with the rating - both for users and for companies.
The rating, subsequently, can be used as an assessment tool in various areas of the individual’s life - starting with professional skills, financial stability, and ending with all possible aspects of behavior and interaction with the public.
Let us consider brief examples of using the rating in life:
- Banks - can adjust the credit rating, based on values from the REPU system
- Insurance companies - can adjust the size of insurance payments, depending on the client’s rating.
- Recruiters - an individual’s assessment in terms of professional skills, as well as social adaptation.
- Law enforcement agencies - an individual’s assessment (rating) in terms of danger to society.
- Ordinary citizens - when making new acquaintances.
Our goal is to change the way of perception and interaction among social network users, through the use of the rating system, as well as the way of managing the company’s reputation, by obtaining real business ratings from users.
An important objective is also the possibility of assessing a person in terms of professional qualities for the subsequent employment. This eliminates the subjective opinion of the recruiter and the impact of the resume on employment.
On the other hand, the system provides a platform for evaluating individual companies / products / employees - any user of the system has the opportunity to provide rating with a review for each element of the business.
Thus, business owners get an opportunity to analyze every single unit of their company, and also perform a flexible communication with their customers.
With a new cryptocurrency project they have to solve a current problem that we have, so what problem does REPU solve?
-REPU is a platform that is currently being built that will allow individuals, whether they are regular people, or different organizations that will enable them to use the rating/feedback system that REPU provides.
The different solutions that REPU provides are:
- Save time required to place rating and leave feedback
- Be objective and unbiased eliminating fake, irrelevant rating/feedback
- Employee feedback
- Combining social, professional, rating networks into a single unique platform
These definitely seem like legitimate solutions to issues we currently have in social media. The biggest hurdle that REPU will face is implementation. Any ICO or tech project can look extremely promising, but it won't be worth anything unless they successfully are able to get users to stay active on their platform. This definitely looks like a project that might take a little bit longer to become successful. It also comes down to their marketing team and how well they are able to get the word out to individuals about this platform.
Team
While their project looks pretty interesting, their team is extremely promising!! Especially in the technical aspect. The two Co-Founders have already previously been a part of different startup organizations, and having this experience will definitely bode very well for them going forward. I think the biggest thing that REPU needs to change when it comes to their team is marketing.
Marketing, marketing, marketing. They don't have anyone on their team that focuses solely on marketing the product! This was definitely a big issue that many people saw with Verge over the last couple months as they were struggling with the price of their token because they weren't being very transparent through the different social media outlets.
More information can be found on their main website: www.repu.io
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