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About Monetha Reputation score

  • Why is reputation important?

    Despite the fact that e-commerce has become so common, there still remains an inherent lack of trust with whom you are dealing on the other side of the screen.

    For the buyer, the seller's reputation is important for feeling comfortable doing business with them. If the seller didn't show up for a sale, sold a faulty product, or harmed another buyer physically or mentally, they have a poor reputation and you would want to know that before doing business with them. For the seller, knowing a buyer's reputation is important to avoid falling victim to fraudulent activity, such as payments not going through, installment payments not being completed, or being subjected to unwanted negotiations.

  • What is Monetha reputation score?

    The reputation score is Monetha's central tenet. It is a score that signals to people your level of trustworthiness so they can choose whether or not they want to do business with you and feel comfortable with their decision.

  • Why is it important that the system be decentralized?

    A decentralized trust and reputation system is important for two reasons.

    First of all, with a decentralized system there is no single authority; instead, it is moderated by a network. This makes the system trustworthy because once a purchase is made or a rating given, it is stored on the blockchain forever and can't be changed.

    The second reason is that no matter where the transaction takes place, both the seller and the buyer will be able to know one another's aggregate reputation from all other platforms they have traded on. As sellers build their reputation with Monetha, they won't have to worry about starting from scratch every time they begin using a new e-commerce platform.