The Status Quo
Reputation isn't portable
Reputation is siloed in individual companies and in geographically centralized and non-transparent entities such as credit bureaus.
Reputation affects revenue
The sharing economy is poised to hit $40B in revenues, driven by carshare, rideshare, bikeshare, and vacation rental. Irresponsible users increase the cost of providing services and hinders the sharing economy.
Layer is a complete protocol built on the blockchain that gives sharing economy platforms and their users a universal, decentralized reputation system.
Layer can be easily adopted by existing centralized platforms, DApps, or direct P2P transactions where reputation plays a role (eg. subletting an apartment on Craigslist).
A reputation system that enables sharing economy providers to contribute to and pull ratings of borrowers.
Rapid adoption through the growing Spin ecosystem and strategic partnerships.
LRX, a token that provides the economic incentive for scalable computation of reputation scores through master nodes, encourages adoption of the protocol, and drives community governance.
Co-founder of Grishin Robotics, Mail.ru (DST), one of Russia's largest internet companies