Monetha enables buyers and sellers to share a universal reputation system. Much like what you would find on eBay or Trademe without the isolation of the reputation.
Reputation system
This has to be a trustable metric so that consumers on trading platforms that have adopted the Monetha system can reliably use its provided trust rating with confidence that it accurately reflects the involved parties.
The way Monetha has developed their reputation system is much like what is seen on websites like eBay, Amazon and Trademe. A user can review a transaction, provide a rating and comment if they choose. The reviewed party’s over all rating is the average of their total reviews.
Universal Reputation
Monethas product could be very useful for Ecommerce business owners that wish to sell on more platforms. It’s hard building a reputation when you have to start over again just because you change the outlet of selling.
Platforms that adopt Monetha will give users freedom to bring in with them their already earned reputation from other platforms allowing the users to find a seamless transition from platform to platform because their reputation stays with them.
Existing in the Ecommerce
Black mirrors Season 3 Episode 1 - Nosedive. When a rating can influence the way in which a person is viewed it can become dangerous.
Monetha is only focused on the Ecommerce market currently. It is not able to identify inaccurate or malicious reviews that could hurt user reputations, the same difficulty faced by other Ecommerce platforms like eBay and Trademe.
Conclusion
Monetha is promising, it has a working and tested application that could really help online retailers along with their customers. While the project is still young it has already accomplished large milestones and I hope to see it grow!
