Indorse wants to be a next-generation professional network, using new models of tokenization and decentralization to change the shape of professional social networking.
Unlike traditional platforms such as LinkedIn, Ethereum-based Indorse aims to give back ownership of the data to the users, and allow users to profit from sharing their skills and activities on the platform.
Indorse envisions a serverless, decentralized future, where the users will build their profiles and profit from their reputation. “This future will need a decentralized platform where others can judge the quality of a person’s profile not just by where they have gone to school, but what they have actually done in their professional and personal lives.”
Indorse is being developed by the team at Attores, a blockchain company based in Singapore. Attores currently has a pilot with a Polytechnic college in Singapore for their digital certificate issuance platform along with installation of an Ethereum blockchain on campus.
The Indorse team is persuaded that, among blockchains, Ethereum provides the much needed transparency needed for a crowd economy to succeed and incentivize its own growth. Indorse uses Ethereum as compute engine, and IPFS as the storage mechanism. The platform will be integrated with a number of decentralized applications (DApps) such as: Inter Planetary File System (IPFS), uPort identity system, Attores Certificate Issuance Platform, Truffle, Spectrum and Status.
“On this decentralised network, you’ll be able to post your claims,” reads an explanation received by Indorse. “Claims are your awesome achievements, like earning a diploma, completing a marathon or playing the guitar. Other members will then indorse a valid claim using an anonymous voting mechanism called zero knowledge proofs and flag if the claim is invalid. For valid claims, your & indorsers’ Indorse score (your score on the platform) will increase. For frivolous claims, the score will be reduced.”
“Indorse will allow users to profit from sharing their skills and activities on the platform via reward tokens,” David Moskowitz, founder of Indorse told Crypto Insider. “We envision a serverless, decentralized future, where the users will build their profiles and profit from their reputation. This future will need a decentralized platform where others can judge the quality of a person’s profile not just by where they have gone to school, but what they have actually done in their professional and personal lives.”
Last week, Coinsilium Group Limited, an accelerator that finances and manages the development of early-stage blockchain technology companies, announced the completion of its investment of SG$100,000 (£56,100) in Indorse.
“We’re currently making plans for a token sale & we’ll announce it pretty soon,” Moskowitz told Crypto Insider. “We view a token sale as a means to bootstrap usage of the platform and would like as many people as possible to participate.”
The Indorse whitepaper, now available for download. outlines the motivation behind the platform, the internal mechanisms and the roadmap for the development process. “Our vision is to build the infrastructure which gives every user an avenue to showcase their personal profiles, which would ultimately extend to several other projects,” states the whitepaper. “We believe Indorse might become the ultimate reputation system which can be the backbone of generations of future DAPPs.”
Join the Indorse community to talk directly to Founders & Core Team about the token sale and feedback: http://joinindorse.herokuapp.
Picture from Wikimedia Commons.