Created on 22nd August 2023
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DAO Solution:
Current DAO models rely on token ownership for decision-making, leading to potential power abuse by project owners and Whales. Decision-making becomes centralized, excluding the wider community.
TrustScore evaluates trustworthiness, not based on wealth, TrustScore using DAO x Fraud proof with "TRUST" score. Users are encouraged to build and maintain a high level of reputation within the community.
DID (Decentralized identifiers) Solution:
Currently, identity verification methods and user credibility in both Web2 and Web3 have their own issues. For example, identity verification methods often require connecting with social media or going through third-party KYC processes, which can pose risks to personal identity. The presence of purchasable "blue ticks" on social networks undermines trust.
TrustScore focuses on Decentralized Identity and a Social network. Trust Score provides reliable identity verification, increases trustworthiness, and fosters a decentralized ecosystem on NEAR.
Product of TrustScore:
Note: "TRUST" point is a measure of trustworthiness and not a token. It cannot be transferred, traded
One challenge we faced was integrating the smart contract with the frontend and backend. This involved ensuring compatibility, synchronizing data, implementing secure communication, handling errors, and optimizing for scalability and performance. Collaboration and thorough testing were essential to overcome these challenges.
Tracks Applied (2)
NEAR Foundation
NEAR Foundation
Technologies used