Reputation, credentials and identity are new use cases brought about by Web3.

Since there are no longer gatekeepers to check credentials and identity, there must be some way to manage this online.

There are several types of reputation. 

Social reputation captures one’s value based on user-generated content.

Through likes, shares, and retweets there’s a score for one’s reputation.

Contribution reputation captures what one has done and gives it a score.

Credentials represent the achievement of a certification based on accomplishing tasks or activities.

The system captures this in the form of avatars and badges.

An example of this is a customer loyalty program.

Finally, there’s identity in which the system verifies one’s identity.

This requires a verification process to determine if you are who you say you are.

This gives rise to the identity provider use case.

Web3 removes the intermediaries and uses online software tools to capture one’s reputation, credentials, and identity.

This gives rise to new functions that must be done online.  

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.