DREP Foundation held Singapore meetup, announcing the arrival of functioning blockchain applications
On May 25th, DREP Foundation’s Singapore meetup was held in Paypal Innovation Lab where DREP’s foundation core members — Co-founder Stephen Xu and Momo Chang, Lead Buisness Development Belinda Zhou, UI/UX designer Xuan Zhang joined together to introduce DREP and explore the development of blockchain technology alongside its community members and other blockchain enthusiasts in Singapore.
As the meetup started, DREP Foundation’s co-founder Momo Chang first dissected DREP in depth by talking about the various pain points it’s targeting — the lack of user growth mechanism, increasing difficulty of traffic monetization and the isolated island effect on Internet platforms. In response to these issues, DREP is providing a series of solutions to quantify and monetize online reputation, so that the online values coming from users will be reallocated to them.
Momo went on to explain that the Singapore government has been pushing forward technology development and innovation, especially in the Fintech and Internet Finance fields where they offer abundant support towards tech companies. Founded in Singapore and having enjoyed the support in co-establishing SSIA, DREP will also spare no efforts in leveraging its technology edge to actively promote blockchain related technology exchange, talent nurturing as well as real application of blockchain technology in Internet and business development.
DREP Foundation’s other co-founder Stephen(Xiaolong) Xu described the technology competitive edge DREP has and his understandings towards tokenomics. DREP will be using a comprehensive set of solutions including the reputation quantifying algorithm library, reputation monetization mechanism, voting mechanism, fake account identification mechanism, AI + semantic analysis, smart contract templates and components, role definition and management to establish a reputation connector and user information sharing pool. Thus, reputation will no longer be a mere value but also be able to have a real impact on a broader level.
In regard to the latest development in DREP’s business collaborations with other parties, DREP Foundation’s lead business development manager Belinda Zhou confirmed that as of now, DREP has already reached partnerships with various Internet platforms of video, content, E-commerce and gaming from various countries and regions, such as Singapore, Middle East, Australia and China. DREP aims to help these platforms solve the problem of fake account identification, increase user retention rate and achieve traffic monetization.
As the DAPP core developer, DREP Foundation’s UI/UX designer Xuan Zhang released the first internally incubated DAPP to the public. Known as “Blockbate”, this DAPP strives to provide a debating platform for enthusiasts to start meaningful blockchain discussions and express their responsible opinions. Currently in its last internal testing stage, Blockbate is expected to go live officially in due course.
During Q&A session, meetup attendees actively communicated their interests and questions with DREP’s team members in terms of the DREP project and other blockchain related questions, while Matt Bennice, the third DREP co-founder from US also brought his regards and understandings towards DREP to community members in Singapore via video.
Lasted for nearly two hours and received fervent attention from more than 100 attendees, DREP’s first Singapore Meetup has proved to be an immense success. With audience’s interest in mind, DREP will strive to deliver its promise and continue its efforts.
Interested in attending the next DREP meetup in your city? Wanting to know more about DREP? Join our community of more than 10,000 members, and we will surely look forwarding to answering your engaging questions. Let’s explore the possibilities of implementable Blockchain applications and march towards the future of decentralized reputation!
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ABOUT DREP Foundation
Founded in Singapore, early 2018, DREP Foundation is an innovative tech company that provides the decentralized solution to quantification and monetization of cross-platform online reputation. By distinguishing fake news and accounts, establishing user growth system and increasing retention rates, building the users’ reputation data sharing pool for DAPPs (Decentralized Reputation Apps), DREP Foundation has internally incubated and jointly developed 4 applications based on online reputation and content, which will be published shortly.
