Reputation Authentication for fashion rental insurance and ID security token
User Stories: “The closest option is for the consumer to establish and control a prepaid subscription with ether held in escrow. S/he can add ether to the escrow to extend the subscription, or cancel the subscription and receive the remaining funds from escrow. The service provider would be able to withdraw from the escrow an amount equal to [subscription rate * time since last withdrawal].
The issue with this model is that it requires the subscriber to place a lot of funds in escrow from the very beginning (to which they do not have access unless they cancel the subscription), or remember to fund the escrow every month with the necessary funds to continue all their subscriptions.”
“A short-term remedy may be to set the subscription cost in fiat currency and then charge the consumer whatever the transaction rate is at the time of payment. Another option would be to ensure ERC-948 supports stable coins, such as the recently-released Dai.”
“Subscription companies should see the opportunity to mediate gas fees as a customer experience opportunity. If, perhaps, companies are able to estimate gas fees, they could roll those fees into the overall cost of the product, thereby adhering to the customer’s expectation that the advertised subscription price is the final one.”
“There are several additional functions that are available on the programmatic level with deep linking within Trust Wallet. Not only can you create a deep link to open a DApp url in a user’s browser, you can also create a deep link to add a new custom token in a user’s wallet!
Trust Wallet uses Branch Metrics to support deep linking. By handling transitions and tracking current state, Branch can bring users directly to a DApp url in the Trust Browser. If a user doesn’t have Trust Wallet installed, Branch can take him/her to the App Store/Google Play to download it. What makes deep linking unique is the fact that Branch is able to complete the process and bring the user back to the original destination url in Trust Browser even after a user seemingly gets lost in the flow while setting up the application!”
“Identity and reputation are everything
This open network comes with its challenges; how do you stop spam and spoofing? How do you turn this mangle of claims and counter-claims into something useful?
We believe that the answer lies in building on a robust foundation of identity and reputation. Having a deep understanding of who someone is, their relationship to the claim that they’re making, and their relationship to everyone else that is making a counter-claim, is essential in surfacing the most authoritative version of that claim.
This then unlocks the opportunity to build some really interesting reputation dynamics within the system.
Once the KORD network is up and running, identities will start to build up a history of all the claims that they’ve made, and the impact that each has had. Reputation within the system can be built, contextualised by claim type, which could be considered when assessing future claims.
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