A person’s trust in someone or something, whether it is another person, an institution or a business fundamentally affects how they behave, interact with and make decisions with them. At Sapien Technologies, we believe we can break the ice of distrust and change the way people around the world will view trust by providing people the necessary tools to quickly determine a person’s or business’ level of quality or trustworthiness.
The Sapien app is a user-friendly, decentralized cryptocurrency lightwallet, which also collects post-transactional data from the users in the form of ratings and reviews. The data will be stored on a decentralized network to prevent bias or tampering, this way we can ensure that the data being stored is completely trustworthy. That data will then be used to give people and businesses a ‘human/business rating’ which is a way to quantify their level of quality and trustworthiness. Sapien believes that if people and businesses have a human/business rating assigned based on post-transaction feedback others give them, this will not only improve the level of trust you have when you interact with someone, but there will also encourage healthier competition.
Through Sapien, people will be able to see a numerical rating assigned to a person or business, this means that the decision to trust or distrust someone can be more streamlined, effectively saving time. Sapien’s human/business rating does not claim to be the end-all-be-all, however, it is a very effective tool when you want to achieve a high level of trust without having to spend a significant amount of time building it.
Furthermore, we are able to distinguish ourselves from other existing rating platforms such as Google Reviews, Facebook Reviews, Yelp, etc. because:
The aforementioned review/rating platforms do not require proof of transaction to submit a rating or review, which means they are subject to fake reviews, smear campaigns and paid reviews.
The review data is stored on a centralized server, which means the organization running the review platform can remove reviews, tamper with them or cave into third party demands to obfuscate it. There are simply too many trust issues when the data is mutable.
At the moment a comprehensive and trustworthy review system does not exist for individuals, it is very easy for us to pass judgment on a business establishment, such as a restaurant based on user rating, but the same system does not exist for individual people. Sapien will be the first to bring this type of ‘Human Rating’ to fruition, giving people the tools to determine a person’s level of trustworthiness in a relatively fast amount of time.
“We see the great potential in crypto assets, blockchain technology as well as decentralized networks that can work to greatly help people in their everyday lives. At the moment, these new technologies are simply not being utilized in day to day use. With Sapien, we are trying to bring this into the mainstream, so that anyone can utilize this technology,” said Sapien Technologies Founder and CEO Sergei Lysyuk.
“To do this, we must address three key issues: user-friendliness, scalability, and decentralization. This is why we have decided to partner with Jax.Network and become the official wallet of Jax.Network - a cryptocurrency running on a proof of work consensus protocol, who’s cryptocurrency claims to scales to the level of global use.” Lysyuk also claimed that the partnership was offering what other companies have yet to deliver, a truly decentralized cryptocurrency that scales, along with the necessary tools that anyone with a smartphone can use to make day to day payments.
Website: http://gosapien.com/
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