Bitrated

Reputation management and consumer protection for the Bitcoin ecosystem. Establish your reputation and check the credibility of others based on reviews, web-of-trust network and social identity verification. Shop online with confidence. Our chargeback-like process allows a trusted agent to reverse payments and protects users against fraud. Choose a trust agent from our marketplace as an arbiter for your transactions, or offer arbitration services in exchange for fees. Bitrated builds a layer of trust on top of blockchain technology to bring consumer protection and fraud prevention mechanisms to Bitcoin and other cryptocurrencies. Our goal is to provide cryptocurrencies with tools that enable the market to self-regulate using user reputation, smart contracts and a voluntary (but binding) arbitration process. Bitrated's payment solution leverages multi-signature transactions to enable reversible e-commerce payments, where a trusted third party – a trust agent – is nominated to resolve disputes and reverse payments in case of fraud. Using multi-signature ensures that the trust agent never has full control over the funds and cannot take them to himself. In addition, when everything goes well, the funds can be released with no intervention by the trust agent. We provide a marketplace for arbitration services where trust agents can compete for customers by providing quality dispute resolution services, utilizing their domain expertise, building a reputation and offering competitive fees. Because trust agents never hold user funds in escrow, we can greatly reduce compliance costs, lower the entry barriers, encourage competition and allow smaller and specialized players to participate in a way that was never possible before. Our identity & reputation data is provided via open APIs to be used freely throughout the ecosystem, allowing users to have a standard identity and carry their reputation as they move between markets and services. In addition, our API allows third-party services like marketplaces, exchanges and wallets to integrate our payment solution and provide buyer protection and recourse to their users. We take security very seriously and designed Bitrated with a strong focus on security from the grounds up. Private keys are solely managed using client-side technology and are never processed on our servers. We secure our servers using the industry's best practices, take security audits on a regular basis and offer a bug bounty program.