The problem Octan Network solves

In the rapidly evolving world of Web3, organizations face various challenges in understanding and evaluating the reputation of entities within the ecosystem. Octan's Reputation Analytics services aim to address these challenges and provide valuable insights to overcome the current problems and pain points faced by organizations (investment firms, venture capitals, media agencies, communities).

• One of the main problem is the lack of comprehensive and reliable data on the activity levels and connections between entities in a blockchain network. This makes it difficult for organizations to assess the reputation and performance of projects, users, and other entities
• Another pain point is the need for in-depth analysis and classification of specific groups of entities within a network. Organizations require insights beyond purely just financial indicators perspectives to identify outstanding standout projects or user groups
• Additionally, many existing Web3 data analytics firms focus primarily on financial analysis, resulting in high costs that make it challenging for organizations to afford comprehensive analytics solutions for their marketing-related tasks.

Challenges I ran into

Reputation ranking in Web3 is a new concept, hence needs a lot of education. Octan Network, as the 1st innovator building reputation ranking system natively supporting onchain entities, has no market standard to learn. We have paid a lot of resources for RnD, market survey to define product features, UI/UX.