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HUMAN Protocol Foundation awards grant to VeritaTrust to reward reviews on Chain

HUMAN Protocol Foundation awards grant to VeritaTrust to reward reviews on Chain, Crypto Trading News

May 10, 2022 – Georgetown, Cayman Islands

Today, HUMAN Protocol announced that it has awarded a grant to VeritaTrust to enable on-chain verification.

Following HUMAN Protocol’s announcement of $10 million earmarked for grants, this work with VeritaTrust represents her first-ever grant award since the beginning of this program.

VeritaTrust wants to include reviewers in their reviews of products and services cryptocurrency reward and Blockchain-Use technology to track reviews and related reputation of reviewers. The VeritaTrust project aims to increase on-chain activity for the HUMAN protocol and bring new utility to the protocol’s native token HMT, which is used to reward reviewers.

Andreas Schemm, who directs the funding program for HUMAN Protocol, said:

“It’s a very compatible partnership. We are pleased to be working with the VeritaTrust team to fund their work as they try to improve e-commerce solutions using our blockchain technology and reward mechanisms.”

Brahim Ben Helal, Founder of VeritaTrust and former Director of Strategic Development at Trustpilot said:

“The HUMAN Protocol shares our vision of rewarding contributions. So far, they have successfully brought hCaptcha to the chain for people to earn for their “clicks”. Their method of evaluating and paying off micro-work in the chain is a great solution for our needs. By leveraging this technology, we can automatically pay reviewers on-chain thanks to the power of smart contracts.”

About the HUMAN protocol

HUMAN Protocol is a broadly applicable solution for managing distributed workforces. It started with the introduction of hCaptcha the bot blocker on-chain to reward individual collaborators for the key ML work they’ve done by solving these CAPTCHAs.

However, this has become a broader solution for tokenizing posts and therefore the ability to orchestrate the management of this work, its evaluation and the rewarding of micropayments for many individuals.

In that sense, reviews are just another form of work or value proposition that can be rewarded via blockchains. HUMAN anticipated the applicability of such a project in their blog post about the potential of projects like VeritaTrust enabled by blockchain technology.

About VeritaTrust

VeritaTrust helps eCommerce companies improve the online shopping experience. With nine out of ten people reading reviews before shopping online, retailer or product reviews have never been more valuable. By providing trusted reviews on the blockchain, they hope to help reduce cart abandonment and increase conversion rates and loyalty.

VeritaTrust collects customer reviews to help brands reward customers. They use blockchain, AI, and machine learning to create a plug-and-play SaaS solution for building a complete customer review strategy.

Contact

Dan Gem

HUMAN Protocol Foundation awards grant to VeritaTrust to reward reviews on Chain, Crypto Trading News

Post-Human Protocol Foundation Awards Grant to VeritaTrust to Launch Chain Rewards for reviews appeared first on The Daily Hodl.

Source: Crypto News Deutsch

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