A new project could use a blockchain and encryption to have a rating system for individual identities, raters, and websites identifying trust.
The ratings would be tallied for each identity based on an encrypted symbol, for example bitcoinstore or satoshidice, a strict naming convention would prevent copies.
There would be two ratings for each identity: a trusted and an untrusted one based on ratings from trusted and untrusted raters. Trusted raters would be promoted from untrusted by previous trusted raters. The whole system would be based on democratic voting. To start off, people would vote on the first trusted raters to begin the blockchain. More votes would make the vote weigh more. Untrusted voters with 1 vote would have 0 weight.
An identity could be verified, by adding a trusted Bitcoin address for signing, voted on after sufficent evidence. All voters could be verified by a Bitcoin address.
Has anyone thought of this, or is this a new possibility?
Topic: Decentralized Trust Network (Read 425 times)
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