In­dorse

Singapore Business Review - - SINGAPORE’S HOTTEST STARTUPS 2018 -

Founders: David Moskowitz, Gau­rang Torvekar

Fund­ing: US$10M in its ini­tial coin of­fer­ing. 5000 users are cur­rently reg­is­tered on its plat­form.

Start of op­er­a­tions: 2017

Blockchain-pow­ered In­dorse is a de­cen­tral­ized so­cial net­work for pro­fes­sion­als. Un­like tra­di­tional so­cial me­dia plat­forms, users are en­cour­aged to ver­ify or ‘in­dorse’ a pro­fes­sional claim they make about them­selves - from their skills to their ed­u­ca­tional his­tory and in turn, are awarded for en­dors­ing the skill sets of oth­ers us­ing an in­ter­nal re­wards sys­tem. By uti­liz­ing blockchain tech­nol­ogy in par­tic­u­lar Ethereum as com­pute en­gine and Bigchaindb and In­ter Plan­e­tary File Sys­tem as stor­age mech­a­nism, In­dorse achieves au­ton­omy and op­ti­mum trans­parency with its com­mu­nity as all en­dorse­ments are recorded.

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