Why Reputation/Review System Require on Blockchain to build transparency in reviews ?

This is not my survey .

I am writing facts & putting content here from https://www.brightlocal.com

Read Reason Why Reviews authenticity matter a lot.

-85% of consumers trust online reviews as much as personal recommendations

-Positive reviews make 73% of consumers trust a local business more

-49% of consumers need at least a four-star rating before they choose to use a business

-Responding to reviews is more important than ever, with 30% naming this as key when judging local businesses

-68% of consumers left a local business review when asked - with 74% having been asked for their feedback

-79% of consumers have read a fake review in the last year, but a worrying 84% can't always spot them

• Yelp & Facebook are local consumers' most trusted review sites, followed by Google & BBB.org

-People are becoming less likely to visit businesses' websites after reading positive reviews - a 17% drop from 2016

• 32% of consumers read local reviews on mobile apps this year (a growth of 14% from 2016)

• Consumers read an average of 7 reviews before trusting a business - up from 6 last year

So Here, You can see how reviews playing key role into Buying behavior .

Few More interesting details:

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How many times have you used the internet to find a local business in the last year?

Brief Point :

97% of consumers used the internet to find a local business, up from 95% in 2016

12% of consumers searched for a local business every day

54% of consumers looked for a local business online at least once a month

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Which business types have you read reviews for?

Brief Point :

60% of consumers searched for a local restaurant or café online

The biggest rises in review-reading have been seen for grocery stores, gyms and senior living facilities

How do online customer reviews influence your decision to actually use a local business?

Brief Point:

In 2017, 68% of US consumers said that positive reviews made them more likely to use a business

Reading negative reviews makes 40% of consumers not want to use a local business

What is the typical next step after you read a positive review?

Brief Point :

17% fewer people will visit a business website after reading good reviews than in 2016 (37% this year compared to 54% in 2016)
The number of consumers who would visit a business as their next step has grown by 10% in the last year to 17%
10% of consumers now contact a business after reading a positive review

Do you read online reviews to determine if a business is good or bad?

Brief Point:

93% of consumers read local reviews to decide if a business is good or not – meaning just 7% don’t (compared to 9% in 2016)

35% always read reviews when seeking out a business near them

How do online customer reviews affect your opinion of a local business?

Brief Point :

Positive reviews make 73% of consumers trust a local business more

50% of consumers will question a business’s quality after reading negative reviews

Consumers are becoming increasingly apathetic towards negative reviews

Do you trust online reviews as much as personal recommendations?

Brief Point:

85% of consumers trust online reviews as much as personal recommendations, up from 84% in 2016

25% of people have to believe the reviews are authentic before they trust them as much as personal recommendations

Have you ever left a local business an online review?

Brief Point:

63% of consumers have written positive reviews for local businesses, while 32% have left reviews for negative experiences

26% haven’t yet reviewed a local business, but would consider it

Have you ever been asked to leave a review for a local business?

Brief Point:

68% of consumers left a review after a local business asked them to

More businesses are asking their customers for reviews – 74% of consumers have now been asked

Below Questions are BIGGEST THING that we want to solve through Blockchain Technology ...

Have you read a fake review in the past year?

79% of consumers believe they have read a fake review in the last year

25% of consumers believe they have read a lot of fake reviews in the last year

Is it easy to spot if a review is fake?

Brief Point :

84% can’t always spot a fake review, with just 16% saying they always can

70% of consumers say they ‘sometimes’ or ‘always’ find it easy to spot a fake review

14% of consumers find it difficult to spot a fake review, with a further 16% being unsure

Here , We are building something great For Trusted Reviews/Reputation Building System using Ethereum & Sidechain Blockchain Technology. Currently Our Dapp is under development .

We are building team for same !

Currently Our team size 6 +

• 1 Blockchain Developer
• 1 Web Designer
• 1 Project Manager
• 3 Nodejs & React Developer

Soon we will launch our MVP Dapp.
Our MVP is trying to solve communication/Trust problem between Expert crypto traders & Investor.

For More details about project,

Kindly connect with me on [email protected] or https://www.linkedin.com/in/krunalvaghasiya/

We are building team.

Current Requirement :

• One Online Marketing Person
• One Solidity Developer

We will put our project open source once MVP is ready.