Indorse: Decentralized Professional network

Kishan
Kishan
Aug 8, 2017 · 3 min read
www.indorse.io

Social Network has become an integral part of our lives. People share ideas, thoughts and even personal information on it, without knowing that it is not private! Whether you are on Facebook, Google or LinkedIn, your data is controlled by this companies. They use your private data to generate revenues through advertisement. What individual user gets is the platform they are using, that’s it. The problem here is that everything is centralized and the user is not in total control of his data, so what is the solution? Indorse, Decentralized Professional network which makes a user in full control of his data.

What is Indorse?

Indorse is Ethereum Blockchain based solution to the Professional network where user’s data is stored securely on Blockchain and in total control of the user. A user on Indorse network also earns a reward by contributing the content. It will have an inbuilt system which will reward the user for contribution and right indorsement of individuals and penalized a user for the wrong indorsement. Every profile that is uploaded on Indorse system is verified by the user and assign Indorse Score to it

How does it work?

Indorse aims to become the server less decentralized network by combining the power of various technologies like Ethereum, IPFS, Whisper, uPort, Truffle, Spectrum, and status. Every member of the Indorse ecosystem will have two roles. Either claimant or Moderator. Claimant is the person who has updated information (claim) in the profile which needs to be verified by Moderator. Moderator in the system will be chosen randomly based on the similarity with the Claimant, Indorse has a specific automated model that identifies the best moderator for the claimant. If the moderator wishes to evaluate the claim and then he or she has to stake his reputation in form Indorse Score. If claim is approved by the majority of moderators then score of the moderator raises by 1 and if not approved then it reduces by 1

Indorse Platform Use cases and Token

Indorse Platform will have one tradable token which is Indorse Token (IND) based on ERC20 Protocol and other known as SCR Token which will be used internally in the platform

IND Token will be issued in the token sale which will be in the form of ownership of Indorse ecosystem and will be tradable on exchanges. IND will be required for Advertiser to buy advertising space on the platform

SCR Token (Indorse Score) will be internal tokens of Indorse platform and dominated in whole units. They will not be transferable to other members User will require this token to perform certain activities on the platform and rewarded with this token too for performing certain actions

Indorse platform will work as decentralized professional network on which advertiser can buy space for advertising their product or services, Talent acquisition companies can use it to find most suitable profiles as per their requirement, various freelancing services can be offered on the platform, it can work as a prediction market too

Why should you invest?

Indorse has a great idea of changing the way current centralized system of social networking works. One can participate in this idea to earn greater rewards in future when the platform reach masses. Some part of profit generated by Indorse platform will be shared with token holders through smart contract. Advertisers also need to buy IND tokens to pay the fees for advertising from the open market, this will also increase the value of tokens. As the Indorse platform will be joined by more and more people in future, it will generate good return for its initial investors

To participate in the Indorse Crowdsale and for more information visit

https://indorse.io/

https://www.indorse.io/whitepaper

My Ether address: 0xd09e4C2AB4C42cA5afd1756ad5899634421ABF07

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