Bob's RepairVISIT NOW
Using blockchain to eliminate review fraud
Smart contract blockchain
Bob’s Repair is using blockchain to eliminate review fraud and provide lower pricing in the home repair industry through a decentralized platform. Prior to opening Bob’s Repair Corporation, Frideric and his Brother Alex connected over 55,000 Contractors to Consumers which helped them identify the issue of review fraud, price gauging and lack of pricing transparency. Bob’s Repair will build the Bob Application on the STEEM blockchain. The Bob Application will consist of a sophisticated iOS, Android, and web application. The Bob Application will leverage blockchain technology to fight review fraud. The Bob Application will be built on the STEEM blockchain due to its three second transaction time and no transaction costs. The Bob Application will store all financial transactions that take place on Bob’s Repair on the blockchain. Then, when both sides of a transaction - consumer and contractor - leave a review, Bob’s Repair will link that review to the actual financial transaction By linking reviews with actual financial transactions, consumers can trust that the review is real and unaltered. Real reviews, from real consumers, provides better information so consumers can make better decisions.
At the first look, the project gives a very professional and well-prepared impression, the design is really good and all of the necessary information is transparently provided to the potential investor. They have already successfully and fully finished their pre-ICO phase, which indicates a high demand and interest in Bob's Repair project. They want to use blockchain technology to eliminate review fraud and provide lower pricing in the home repair industry through a decentralized platform. They have noticed three main problems in that field: false information, hidden costs and higher prices. All of them can be eliminated with blockchain technology, which can grant the needed transparency and reliability. The platform will be built on STEEM blockchain because of fast block time and no transaction costs, as well as user reputation system. Smart Contract will hold the payment in escrow and release the money, as the milestones of the task are completed.
User ReviewWrite review 3 reviews
I really like this part, written in their whitepapers:
"The Bob Application will have transparent pricing. Each review will provide the cost of the service, broken into the material and labor costs. Consumers will be able to easily search reviews to determine the actual material and labor costs for a certain service. This transparency will drive down prices and fight inflated costs."
Up to day, the guy could demand any price he wanted from anybody. If he saw that you have a rather expensive house, he could charge you twice as much as he would do to an ordinary person. It's good that there will be finally a transparent and clean prices. And to assure that the reviews are made up by the services to boost their rating and prices, blockchain also helps to solve this problem.
"Then, when both sides of a transaction - consumer and contractor - leave a review, Bob’s Repair will link that review to the actual financial transaction. By linking reviews with actual financial transactions, consumers can trust that the review is real and unaltered. Real reviews, from real consumers, provides better information so consumers can make better decisions."
Home repair industry has had its own rules for ages. Price for the service varied from house to house, there were no transparency and no one really knew how much they will have to pay in the end with all of the hidden costs that were not included in the advertisements. it's good that now there will be a platform, that thanks to the blockchain technology could put an end to these problems. I think many people will benefit from such platform and the general quality and prices for the repair services will be much better in the end, because of this rating and reviewing system.
I haven't seen such well-prepared ICO project in a while. The design of the site is really good and there is a lot of useful information. They easily explain the current problems and what solutions they have found to battle them. Bob's Repair seems like a good idea to fight the price and service related problems that are caused because of lack of transparency in the home repair industry. As all of the transactions and reviews and information will be stored within the blockchain, it will be easy for everyone to find a suitable worker and check how much money he has charged for similiar tasks in the past and what the clients have thought about his service.
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