XT.COM will launch the CHECKR subscription event on the XTStarter Launchpad. For details, please pay attention to the follow-up announcement.
CheckerChain is a decentralized review aggregator platform to check products for their validity and authentic feedbacks. The smart contracts of CheckerChain protocol are powered by Elrond blockchain and integrated with IPFS to maintain censorship-resistant applications. Existing businesses can also leverage our smart contract protocol into their platform. Anyone can submit the post and anyone can participate as "Checker" and "Influencer". Submitted posts can be scaled into apps, companies, books, movies/videos, events, and more.
Existing review aggregator platforms are not able to solve the problem of manipulated and fake reviews. Traditional centralized review platforms do not even incentivize users for their contributions. We believe these problems are due to the lack of a consensus mechanism in review architecture. Utilizing blockchain technology will partially solve the need of transparent and tamper-proof reviews.
In our platform, we implemented a trustless review consensus mechanism (tRCM) on top of Elrond blockchain. This tRCM architecture enables reviewers to meet a consensus on an opinion without the need of knowing each other's opinions and completely removes the chance of fake or manipulated reviews to receive any incentives.
Whitepaper Link: https://docs.checkerchain.com/whitepaper/checkerchain-whitepaper
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March 21, 2022
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