Bitrated
Bitcoin Trust Platform - Identity & reputation management, multi-signature smart contracts
Bitrated is a trust platform for Bitcoin and other cryptocurrencies that addresses the lack of consumer protection and recourse in blockchain payments. It combines identity and reputation management with multi-signature smart contracts, allowing buyers and sellers to appoint a trusted agent as an arbiter for e-commerce transactions. This agent can intervene in disputes, adjudicate, and reverse payments, while the multi-signature design ensures the agent never has full control over funds and can release them without intervention when a transaction goes smoothly.
The platform includes a reputation system where users link online identities, connect within a web-of-trust network, and gain ratings, resulting in a numeric Bitrating score. An arbitration marketplace lets trust agents offer dispute resolution services for fees without holding user funds in escrow. Open APIs make identity and reputation data available across the ecosystem and allow third-party marketplaces, exchanges, and wallets to integrate the payment solution. Private keys are managed client-side in the browser and never processed on servers, with digital signatures authenticating user actions. The platform is operated from Israel and was launched in 2013.
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