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.