IBM Developer Network

IBM Developer Network

This ICO Wants To Prevent Fraud In Knowledge Economy – techwired Blog – techwired

This ICO Wants To Prevent Fraud In Knowledge Economy – techwired Blog – techwired

Fraud prevention is important to companies all over the world. According to one study, the total loss caused by fraud was over $6.3 billion in 2016, and that represents 5 percent of annual revenue for a typical organization.   However, the blockchain can reduce fraud by validating and securing records on what people know about various subjects. Knowledge.io will launch an initial coin offering (ICO) in January and provide a platform that will measure and store Knowledge Scores, which is a measurement of users’ expertise in various topics.   In the real world, many people provide false information on their resumes, references and…

Source: www.ibm.com/developerworks/community/blogs/01d39f99-0633-4257-ac86-ad9a681f72e2/entry/This_ICO_Wants_To_Prevent_Fraud_In_Knowledge_Economy?lang=en

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