Flare Partners with Bloxico to Introduce Reputation Score Platform
Flare, a network compatible with Ethereum, has teamed up with Bloxico, a technology company, to launch a reputation score platform. The goal of this platform is to calculate the reputation score of network users by combining objective on-chain data with subjective community data.
The Flare Reputation Score will make it easier for the blockchain to onboard new users, providing a transparent evaluation of the trustworthiness of network participants. Additionally, it will aid in the selection of Flare Time Series Oracle (FTSO) data providers and network validators.
FTSO offers a decentralized oracle system that connects dapps on Flare Network with off-chain tamper-proof data. The reputation score platform will also evaluate dapps and other critical network participants such as FAssets agents and LayerCake bandwidth providers.
Hot Take: Flare’s Innovative Reputation Score Platform
Flare’s collaboration with Bloxico to introduce a reputation score platform is a significant step towards enhancing transparency and trust within the blockchain ecosystem. This innovative platform will not only facilitate the onboarding of new users but also ensure the selection of reliable data providers and network validators. By leveraging objective on-chain data and subjective community input, Flare is pioneering a system that promotes accountability and reliability in blockchain interactions.
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