Flare Partners With Bloxico To Launch “Reputation Score” For Network Participants

Layer 1 blockchain for data Flare announced a strategic partnership with Bloxico, a full-on blockchain consultancy and development firm, in a team statement released Thursday. Following the partnership, Flare will leverage Bloxico’s expertise in blockchain services to bring community trust metrics within its network, introducing a “Reputation Score” based on various factors.

According to the team, Bloxico will develop a new platform that calculates the Flare Reputation Score using both objective on-chain data and subjective community-based measures to determine the final score of a Flare network participant. This scoring system gives the Flare community the power to assess and rate each other based on participation, network contribution, and general behaviour on the network.

As a blockchain for data, Flare aims to enhance the overall utility of the blockchain. The platform includes decentralized oracles built into the structure of the network and an EVM smart contract that is optimized for decentralized data acquisition, including price & time series data, blockchain event & state data, and web2 API data. The Flare reputation Score allows new users to easily spot the best oracles, network participants and apps on Flare. This removes the need for newbies to directly interact and sift through several providers to find their ideal participants.

“In a highly decentralized system like this, with numerous providers for each of the different network roles, it can be difficult to make an informed decision, particularly for newcomers to the community,” Hugo Philion, CEO and co-founder of Flare explained. “Reputation Score will help shortcut that process, clearly highlighting infrastructure providers that are trusted by the wider community.”

Bloxico Adds Features to Flare Reputation Score

Bloxico rose its ranks in the past few years offering institutional clients several Web 3-focused services including software development, IT outsourcing and blockchain consultancy. Over the years, the firm has provided cutting-edge soluti

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Author: CryptoDaily

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