Using Blockchain to eliminate review fraud and provide lower pricing in the home
Bob’s Repair is using blockchain to eliminate review fraud and provide lower pricing in the home repair industry through a decentralized platform. Prior to opening Bob’s Repair Corporation, Frideric and his Brother Alex connected over 55,000 Contractors to Consumers which helped them identify the issue of review fraud, price gouging and lack of pricing transparency. Bob’s Repair will build the Bob Application on the STEEM blockchain. The Bob Application will consist of a sophisticated iOS, Android, and web application. The Bob Application will leverage blockchain technology to fight review fraud. The Bob Application will be built on the STEEM blockchain due to its three second transaction time and no transaction costs. The Bob Application will store all financial transactions that take place on Bob’s Repair on the blockchain. Then, when both sides of a transaction - consumer and contractor - leave a review, Bob’s Repair will link that review to the actual financial transaction By linking reviews with actual financial transactions, consumers can trust that the review is real and unaltered. Real reviews, from real consumers, provide better information so consumers can make better decisions.