“We’re trying to build a decentralized LinkedIn on the Ethereum blockchain,” says Gaurang Torvekar, CTO, and co-founder of Indorse. While the benefits of doing so may not be immediately clear, Torvekar explains three fundamental problems with LinkedIn and other centralized social network sites: a lack of user control over their own data, the monetization of user data (with no return for the user), and the inability to validate user identity and information.
By operating on a blockchain, Indorseallows its users to maintain complete control over their data and gain IND token rewards in direct proportion to their activity on the platform. But that’s not all: Indorse has a system to ensure that every claim is validated by other users in the network before it ends up on a user’s profile.
How exactly does that work, and how can we know that it’s reliable? Torkevar is eager to explain. Press play to learn more.
Torkevar also discusses: