'iTrustYou' Lets You Share Your Identity with Strangers
Michael Hemsworth — December 22, 2017 — Tech
References: itrustyou.co.za & betalist
The rise of consumers becoming sellers has increased weariness amongst buyers who often feel uneasy when making a purchase with a stranger, so the 'iTrustYou' app is designed to help curb this.
The platform works by enabling sellers to share their identity and profile with potential clients or customers to show them their track record and trustworthiness. This token expires after a set amount of time and allows buyers to rate the seller after their transaction to help out other customers in the future know they've got a good track record.
The 'iTrustYou' platform will come as welcome news to those who utilize Craigslist and other online marketplaces to buy or sell goods by cutting down on the occurrence of encountering an unsavory user.
The platform works by enabling sellers to share their identity and profile with potential clients or customers to show them their track record and trustworthiness. This token expires after a set amount of time and allows buyers to rate the seller after their transaction to help out other customers in the future know they've got a good track record.
The 'iTrustYou' platform will come as welcome news to those who utilize Craigslist and other online marketplaces to buy or sell goods by cutting down on the occurrence of encountering an unsavory user.
Trend Themes
1. Identity-verifying Platforms - Opportunity to develop platforms that allow users to verify their identity and build trust with potential buyers.
2. Trust-based Rating Systems - Disruptive innovation opportunity in creating rating systems that enable buyers to rate sellers and build trust within online marketplaces.
3. Peer-to-peer Selling - Potential for disruptive innovation in the growth of peer-to-peer selling platforms that prioritize trust and safety.
Industry Implications
1. Online Marketplaces - Opportunity for online marketplaces to integrate identity verification and trust-building features to enhance user experience and increase buyer confidence.
2. Digital Identity Verification - Disruptive innovation potential in the development of secure and efficient digital identity verification solutions for online transactions and marketplaces.
3. Consumer-to-consumer Services - Growth opportunities for platforms that facilitate consumer-to-consumer services, focusing on building trust and providing transparent seller profiles.
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