http://www.coindesk.com/bonafide-raises-850k-build-reputation-system-bitcoin/A startup called Bonafide has raised $850,000 to build a reputation system for the bitcoin industry. The funding round, which comes from Quest Venture Partners, Crypto Currency Partners and the AngelList Bitcoin Syndicate, among others, is a step towards creating a scoring system for addresses on bitcoins network.
Notably, Bonfide.io was included in Silicon Valleys 500 Startups incubation program last year. Brian Moyer, the firm's co-founder, said that 500 Startups venture partner Sean Percival saw early on the potential for Bonafide to create more credibility in bitcoin commerce, whether between consumers and merchants, or in person-to-person payments.