Webcred End of Summer Presentation

Transcript

1. The Trust System for P2P Marketplaces Webcred
2. Product Biz Dev Nam Chu Hoai Connor McEwen Boston University ’14 Computer Science Electrical Engineering getting us off the streets since ’12 Webcred
3. Collaborative Consumption Saves resources and money Rent out your stuff when you are not using it to people you find online. Rent out your spare room or apartment to travelers Example:
4. MARKET Collaborative Consumption growth is exploding No winner-takes-all, but diverse, targeted marketplaces Source: http://www.shareable.net/blog/collaborative-funding-skyrocketed-in-2011-will-2012-top-it 117 billion $ Ride Sharing Market Ron Conway calls it a “mega trend” of 2012 85 billion $ Product Rental Market 80 billion $ Vacation Rental ? $ Identity dependent industries (Banking, Insurance etc.)
5. PROBLEM Reputation is isolated within marketplaces Trust online is limited Researching a stranger is difficult Millions of transactions don’t happen + + = Few malicious users can disrupt growth +
6. Building trust online. Webcred MORE TRUST MORE TRANSACTIONS
7. Webcred Aggregation Verification Connections
8. BEFORE
9. WEBCRED
10. AFTER
11. MARKET ADOPTION Building the framework to let marketplaces effectively outsource the trust problem • instant identity verifications • superior web of trust • existing user base Start with small marketplaces, hackers and bootstrappers looking to grow (like Stripe, Parse, Heroku etc.)
12. COMPETITORS Calculate single-dimension Score Closed Systems Lack of web of trust Little value for users to assess strangers + + =
13. TIMELINE May 2012 Summer@Highland Jun 2012 Development Now Pilot Phase Nov 2012 Public API Beta Dec 2012 Seed Round
14. Webcred http://webcred.co info@webcred.co