Revain: A Blockchain-Based Review Platform
By Space Coast Daily // September 10, 2019
The ascendance of blockchain brought an abundance of opportunities for crypto traders, entrepreneurs, and startups.
But right now the crypto community is facing one major dearth that continues to serve as a major barrier to trading for many crypto converts: there are very few end-to-end resources for investors of all trading levels.
With this market dimension in mind, Revain seeks to cobble together some stop-gaps to compensate for the lack of a central data clearinghouse within the crypto ecosystem.
Revain is a collaborative blockchain-based review platform that connects crypto enthusiasts of all levels of experience including professional traders, newbies, and investors—making it possible for them to share their opinions on different cryptocurrency projects.
It helps users to identify and execute ideal trading opportunities by allowing them to engage in high-quality discussions (through unbiased reviews) around various crypto projects that have successfully administered their crowdfunding phase.
The goal is to provide companies with constructive feedback about their projects and enable members of the crypto community to learn from the experience of others hence make savvy trading moves at precisely the right time.
What problem does Revain solve?
Every new ICO on the block seems to be the cause for a storm of divided opinion with just about everyone in the cryptocurrency community pitching to give their feedback.
But there is a problem: the onset of the internet opened up the floodgates for feedback on anything and everything. There are numerous fake accounts, spam, paid reviews, and so much more.
Revain aims to address such issues by encouraging legitimate reviews and eliminating fraudulent biased feedback.
Primarily, reviews speak to the experience of previous consumers. This insight helps people determine how effective the company’s customer service is at dealing with product issues and complaints.
And given customers rely on online reviews to research and determine the risks of buying a product or using a service, access to a credible review platform is invaluable.
Revain provides this platform with processes in place to ensure the review system is transparent, trustworthy, and fair.
Currently dedicated to ICOs and cryptocurrency exchanges, Revain incentivizes users to share their user experience in the field of ICO projects, exchanges, wallets, etc. —to let readers decide on how and where to spend their money.
The quality of reviews published on the platform is guaranteed as all reviews have to pass the AI-powered (Artificial Intelligence) assessment.
As a result, Revain can filter and eliminate copied reviews, spam reviews from unscrupulous competitors, and overly emotional/myopic reviews that do not offer objective information on the product quality.
How does Revain sort the good from the bad?
The real problem today’s review market faces is fake reviews written by people who have never used the product or service. Fake or hired reviews can be either positive or negative with research indicating that both positive and negative reviews encourage the perspective that the reviews are authentic.
They can be written by friends, family, or employees of a certain company. Implemented on blockchain technology, Revain has a lasting solution to this.
The platform employs the unalterable power of blockchain to ensure review legitimacy and the efficiency of AI technology to automatically screen and filters out illegitimate, poor quality reviews.
Moreover, Revain understands that writing a quality review is not a simple task. It requires time and effort to write a detailed description highlighting the cons and pros of a certain product.
In light of this, Revain has a reward system in place to compensate its users. The internal token of the system, RVN, is used to reward writers for their efforts and incentivize participants to take their reviews and all related actions seriously.
Authentic feedback shapes how businesses tailor their products and services to meet consumer demands and influence the decision the end-consumer makes.
Revain has concocted an ingenious combination of AI and blockchain technology that formed an innovative solution to the problem of misleading reviews and fake online recommendations.
From reading up on a new cryptocurrency investment to granting a platform where businesses can gather constructive feedback about their projects—Revain’s independent & unbiased reviews enable consumers to make informed decisions and help businesses streamline their products and services to their customer’s needs.
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