TRU Reputation Protocol Network 

https://tru.ltd/

INTRODUCTION

The Tru Reputation Protocol, blockchain protocol that revolutionizes Reputation & Ratings in digital interactions. Our goal is to create a next-generation solution to the problem of trust and reputation that will solve some of the longest standing and most costly problems in digital ecosystems whilst also providing an on-ramp from off-blockchain users to blockchain platforms.
The Tru Reputation Protocol provides unique and revolutionary solution to Reputation by moving away from Ratings & Reviews towards the selection of easy-to-understand words and phrases when describing an interaction. Moreover, the Tru Reputation Protocol provides the first digital solution to persisting Reputation between platforms and reward contributors for their feedback creating the first Proof of Reputation network.

The Problem Reputation

In the real world, personal recommendation became the de facto means of establishing a trusted reputation. As more people recommended you, your network of trust increased along with your capability to influence or transact with others. Forming new relationships for business has been an issue since the dawn of commerce- how do you trust someone with whom you have never had any dealings with before? This question has led to many attempted solutions, but none have answered the problem.
By proving to be a reliable customer, you receive benefit whether that is through a higher credit rating, receiving discounts for membership points in a customer loyalty program or receiving a partner discount as a company that has transacted enough with another to be part of their partnership program But all of these pre-digital systems are fallible, open to corruption, subversion, and bias.

Tru Reputation Protocol solving the problem

Reputation Protocol provides a solution to the problem of establishing a single source of truth for Reputation in digital ecosystems By leveraging a patent-pending Tru Feedback Algorithm5 , the Tru Reputation Protocol acts as the first Proof Of Reputation mechanism that is natural and easy to use: each party in a transaction leaves feedback for each other by selecting or providing Semantic Terms.
The Tru Reputation Protocol allows the establishing and persistence of reputation across digital ecosystemsfrom Web 2.0 platforms to Web3 distributed platforms- by interlinking transactions to the participants and enabling feedback on those transactions. The Tru Reputation Protocol establishes an economic model around Reputation by rewarding contributions and charging for consumption ensuring all parties involved in the transaction are incentivised for providing feedback whilst ensuring value is derived from those who consume the reputation data from the Tru Reputation Network.

Advantages Tru Reputation Protocol

The Tru Reputation Protocol represents a generational step in how Reputation operates in a digital environment. The Tru Reputation Protocol establishes for the first time a sole source of truth for digital reputation. The Tru Reputation Protocol will become the de facto solution for Reputation for the following reasons.
  • Massively scalable network that leverages the cutting edge in distributed apps the blockchain and off-blockchain technologies.
  • Innovative and proven12 patent-pending Reputation technology
  • Only Reputation solution to be built with the Distributed Web at its heart- the solution for the next generation of disruptive apps.
  • Only Reputation & Rating platform to offer persistence and platform agnosticism.
  • Only Reputation & Rating solution to reward contributions with an innovative economic model.

The Tru Reputation Network

  1. Reputation Profil — The Tru Reputation Profile acts as the lynchpin for the Tru Reputation Protocol. By linking identities to Tru Reputation Profile you can persist your Reputation between platforms.
  2. Oracle Service — The Tru Reputation Oracle Service acts as the gateway to the Tru Reputation Network. Acting in concert with the Tru Reputation Profile and Tru Reputation Smart Contract it is the bridge between the Ethereum blockchain and the off blockchain world.
  3. IPSF — All Tru Reputation Network is encrypted and stored in the Interplanetary File System (IPFS) by the Tru Reputation Oracle Service.
  4. Smart Contract — At the heart of the Tru Reputation Network is the Tru Reputation Smart Contract. This Smart Contract is the center of the Tru Reputation Protocol, linking Tru Reputation Profiles to Reputation Data and Transactions.
  5. Ethereum — The Ethereum Blockchain is used to underpin the Tru Reputation Network acting as a medium for storage, public auditing, computation and non-repudiation.

    Token (TRU) Pre-Sale — Pre-Sale for the Tru Reputation Network will occur from the 4 th January 2018 to 5 th March 2018.
    Token (TRU) Crowd Sale — Crowd Sale allowing anyone to purchase Tru Reputation Tokens ahead of the Production launch of the Tru Reputation Network. This Crowd Sale will occur at the end of Quarter 2 of 2018 (May-June 2018).

    Token Allocation (TRU)

    • Sale Pool 50%
    • Token Reserve 20%
    • Partnerships 10%
    • Team 10%
    • Bounties 8%
    • Advisors 2%

    Token Sale Use of Proceeds

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