I am working on something very similar in the last year :
https://riders.io/
https://bitcointalk.org/index.php?topic=1381832.0
http://themerkle.com/riders-uses-blockchain-analysis-to-issue-bitcoin-address-ratings/
In Riders, entities with "strong" history on the Blockchain get an High score, that doesn't mean that entities with hard-to-trace history are not reliable, it just says that clarity can reflect reliability on the Blockchain.
The reactions for my product were very interesting, some like it, some hate it.. but tracing the Blockchain and create a reliable scores is very difficult.
Now I am focusing my project on something much more useful, taking the "high" scores and merge them to an API that will help reduce transactions time between entities, also preventing double spends probability.
I call it w h i t e s t r e a m
Its still far from being ready, lots of research needed for that, but I am on it..
http://site9209116.92.webydo.com/whitestream.html
https://riders.io/
https://bitcointalk.org/index.php?topic=1381832.0
http://themerkle.com/riders-uses-blockchain-analysis-to-issue-bitcoin-address-ratings/
In Riders, entities with "strong" history on the Blockchain get an High score, that doesn't mean that entities with hard-to-trace history are not reliable, it just says that clarity can reflect reliability on the Blockchain.
The reactions for my product were very interesting, some like it, some hate it.. but tracing the Blockchain and create a reliable scores is very difficult.
Now I am focusing my project on something much more useful, taking the "high" scores and merge them to an API that will help reduce transactions time between entities, also preventing double spends probability.
I call it w h i t e s t r e a m
Its still far from being ready, lots of research needed for that, but I am on it..
http://site9209116.92.webydo.com/whitestream.html
Thank you for your reponse! Even if you cannot see the individuals in blockchain, you can see the entities. Entities of high reputation may be considered more reliable than entities with poor reputation (I do not say scammers, but without transaction history of positive feedback). It is like you would do an exchange with an entity that has excellent history on Bitcointalk over someone who has just joined even though you do not know the individuals behind the accounts.