UPDATE
This article written based on the subject of What is the LIUM Solution?
What is the LIUM SOLUTION?
The LIUM platform provides all transactions particularly for those who convey problems regarding intermediaries. These complications and conflicts often comprise of excessive fees, misleading information as well as personal information leakages. In an amenity where precise information is the crucial component of the service such as real estate, used car sales, second-hand goods trades etc., misleading information leads consumers to be open to become potential victims of frauds and scams. In addition, leakages of personal information not only leads to frauds within the services but personal information of the consumers can be used elsewhere which is treacherous and thus LIUM tends to save its consumer from these perilous prevailing systems of the contemporary platforms by providing them the LIUM way.
There are 5 solutions that LIUM will provide to its consumers. These 5 solutions are the penalty system, evaluation systems amongst the users, rewards for every activity that the user does within the platform, Hyperledger Facric, and lastly free matching. This week will be focused on penalty system and the user evaluation systems.
1) Penalty System
Although posts within the platforms are not automatically ‑ltered, if one believes that there is a post with misleading information all is free to report the post. If the reported posts are found to be misleading information, LIUM is given the rights to intervene. The reporter is given rewards for the right doing and penalty is given to the prohibited for their wrong. If one receives two yellow cards, they will be removed from the platform and the information which will be saved through LIUMs block chain technology. This system was built to intend all users to provide only with correct information.
2) Peer Review
The LIUM platform comprises of an evaluation system where users are to assess one another after each matching has been completed. The given period for each evaluation is one week, and the faster the assessment has been completed, users are to be compensated with higher rewards. The system also comprises a reporting function in which where one can apply others for punishment if they feel they have received too little of scores or reports. The rules for this system are equivalent to that of the penalty system. Additionally, if one who has been reported feels that the report is unreasonably intended, they may speak their opinions within 7 days through a 1:1 chatting system provided by LIUM.
This article written based on the subject of What is the LIUM Solution?
What is the LIUM SOLUTION?
The LIUM platform provides all transactions particularly for those who convey problems regarding intermediaries. These complications and conflicts often comprise of excessive fees, misleading information as well as personal information leakages. In an amenity where precise information is the crucial component of the service such as real estate, used car sales, second-hand goods trades etc., misleading information leads consumers to be open to become potential victims of frauds and scams. In addition, leakages of personal information not only leads to frauds within the services but personal information of the consumers can be used elsewhere which is treacherous and thus LIUM tends to save its consumer from these perilous prevailing systems of the contemporary platforms by providing them the LIUM way.
There are 5 solutions that LIUM will provide to its consumers. These 5 solutions are the penalty system, evaluation systems amongst the users, rewards for every activity that the user does within the platform, Hyperledger Facric, and lastly free matching. This week will be focused on penalty system and the user evaluation systems.
1) Penalty System
Although posts within the platforms are not automatically ‑ltered, if one believes that there is a post with misleading information all is free to report the post. If the reported posts are found to be misleading information, LIUM is given the rights to intervene. The reporter is given rewards for the right doing and penalty is given to the prohibited for their wrong. If one receives two yellow cards, they will be removed from the platform and the information which will be saved through LIUMs block chain technology. This system was built to intend all users to provide only with correct information.
2) Peer Review
The LIUM platform comprises of an evaluation system where users are to assess one another after each matching has been completed. The given period for each evaluation is one week, and the faster the assessment has been completed, users are to be compensated with higher rewards. The system also comprises a reporting function in which where one can apply others for punishment if they feel they have received too little of scores or reports. The rules for this system are equivalent to that of the penalty system. Additionally, if one who has been reported feels that the report is unreasonably intended, they may speak their opinions within 7 days through a 1:1 chatting system provided by LIUM.