Existing Technology
Think of a rating system as an avenue for dialogue between users and a service. Great supply of various products confronts clients with a choice they need to make and usually their decisions are based on them the rating of a good or a service. That is why such systems should be transparent and fair — to make clear evaluations and right decisions.
Nowadays most platforms use a number of common techniques to assess products or services:
- Five-star rating scale
- Unlimited number of scores received
- Thumbs up — thumbs down rating system
Why Rating Systems Need Improvement
However, in pursuit of obtaining high ratings work performers usually use bots or bribery. For some of them it is easier to spend some money on improvement of their rank than on the quality of the products. Also, when you use five-star rating scale one mistake and one low estimation may lead to a great loss of your scores. This can be used by competitors on the same market to distort information in their favor.
Our Improvement
This creates a need for a new system that could avoid falsehood. That is why we use a binary rating system in our project. It motivates the creators of oracles to provide genuine data and make correct decisions. Every expert in the group is ranked and and rating is obtained by participating in different cases. At the moment of joining the node and depositing a pledge in tokens, the expert gets 1 reputation point, in case of giving incorrect data his rating becomes 0 and the pledge burns down. So, after each case an experts rating is 0 or 1, depending on the quality of work performed.
Avoiding All Risks
Also, DUCATUR’s implies a demurrage system in order to avoid rating frauds. Nowadays, even quite fair rating systems suffer from dishonest users who gain high evaluations and then sell their accounts — so, the data and the rating remains the same, but all actions are performed by another person. DUCATUR secures its users from such behaviour via implementation of the demurrage measures. It means that if an account remains inactive during a long period of time — its rating decreases, so it will be not worth buying it. Also, such a method is quite effective to keep judges active and make them take part in disputeson a regular basis, obtaining experience.
DUCATUR offers a unique solution because it is the first oracles framework that unites data sources based on rating and offers fair dispute resolutions. We are always on guard of your strong business development.
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More information: https://ducatur.com/
