DREP Foundation Partners Triip for Joint Development on Reputation Algorithm
DREP Foundation and Triip will work on joint development on reputation quantifying algorithm for stakeholders and explore the model of combining centralization and decentralization.
We are pleased to announce the signing of a Memorandum of Understanding (MOU) with Triip.me, which marks a partnership for the joint development and promotion of each platform’s offerings to individuals, internet and blockchain platforms. Reputation data in field of tourism will be also be brought on DREP Chain for better economic incentives.
DREP Foundation is devoted to build a scale-out, secure and decentralized infrastructure, as well as a reputation protocol to accelerate DApps’ user growth and traffic mechanism. DREP solutions empower platforms to solve their pain points, restructure their value ecosystem and facilitate their transition and acceleration especially among content platforms and tool platforms. The “Decentralized Reputation System” deployed in DREP service layer aims to quantify and monetize reputation value and use it for trading, making investments, sharing data and providing services for platforms.
Triip.me — a profitable VC-backed startup founded in 2014, licensed by the Singapore Tourism Board, is the creator of the TriipMiles travel utility token. With the decentralized model, TriipMiles not only simplifies the operations but also empowers the community worldwide to create more jobs in the travel industry. Tokenization helps to align interests and build a sustainable tourism ecosystem.
The Triip.me platform now has 1.8M+ hotel rooms in 228 countries and 6000 authentic local experiences (“triips”) in 100 countries. TIIM tokens (TriipMiles) is the only travel token enabling more locals to earn money while travelers can book rooms and enjoy a unique tour by a local tour guide. Being the one that gives back all of their commissions as a rebate to the travelers, Triip aims to create the biggest travel utility token worldwide in the future.
With this strategic partnership, DREP Foundation will be able to expand its reputation algorithm library in field of tourism and leverage on Triip’s expertise of utilizing the reputation system to grade travel relevant platform users. Additionally, both parties will work on exploring the model of combining centralization and decentralization by bridging traditional internet platforms and tokenization. This cooperation will be beneficial for both sides in terms of promotion and expanding their networks through sharing travel-relevant resources.
DREP Foundation as a technology enabler is trying to provide a well-designed product addressing e-commerce platforms pain points and helping increase participant engagement and quality contribution, which in turn can help create a more efficient and quality service platform. This partnership allows DREP and Triip to provide necessary blockchain solutions in the field of decentralized reputation for travel relevant platforms.
We look forward to partnering with Triip to enhance the value that blockchain technology can bring to various stakeholders in the ecosystem, including suppliers, buyers, reviewers, verifiers and promoters.
Stay tuned for more exciting updates in the weeks ahead.
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