Mix of PayPal and Trustpilot on Ethereum Blockchain
Smart contract blockchain
Decentralised trust and reputation system (DTRS), powered by smart contracts, works flawlessly with Monetha’s payment processor. We let the buyer see trustworthy and transparent reviews made by previous customers. Based on the information saved during the transaction, clients and merchants will be able to file/solve a claim, rate each other, view ratings etc. Their history is then recorded onto the immutable Ethereum blockchain so that others can make well-informed commercial decisions.
Monetha wants to provide additional security to the online marketplace deals. As online shopping becomes more and more popular and in fact slowly dominating the regular retail market and stores, there are few issues that buyers have to deal with. Monetha wants most importantly to bring trust to the deals, as with online purchases we can't never be sure if the item will be sent to us. With this platform, user can buy only from verified sellers across all of the popular online marketplaces like Craigslist, Facebook or Gumtree and even Oodle. The sellers can build up their profiles with positive reviews and high reputation, which will positively impact their sells. There isn't any official list of team members available, however the project is already working and the team hosts various events, which shows that there are real developers behind Monetha.
User ReviewWrite review 2 reviews
Monetha offers a fast and more economic way for merchants to transact in e-commerce platforms, based on the Ethereum blockchain. The 1.5% fee is very attractive compared to other platforms which range from 2 to 6%.
The most valuable feature to me is the ranking system for merchants. If you operate on different e-commerce platforms you don't need to build up your reputation on each one, your Monetha ranking will back you up.
I believe Monetha has a bright future and I'll continue to follow it closely.
This ICO looks very promising as it is a faster, more state of the art version of Ebay or Amazon. The best feature they are offering is the rating system and the fast transaction process time as block confirmation on an ethereum based platform tends to move along faster. Will be looking out for this project as this might provide us a better online solution when shopping.
You need to login to create review.