Why Reputation/Review System Require on Blockchain to build transparency in reviews ?

in #reviews6 years ago

This is not my survey .

I am writing facts & putting content here from https://www.brightlocal.com

Read Reason Why Reviews authenticity matter a lot.

-85% of consumers trust online reviews as much as personal recommendations

-Positive reviews make 73% of consumers trust a local business more

-49% of consumers need at least a four-star rating before they choose to use a business

-Responding to reviews is more important than ever, with 30% naming this as key when judging local businesses

-68% of consumers left a local business review when asked - with 74% having been asked for their feedback

-79% of consumers have read a fake review in the last year, but a worrying 84% can't always spot them

  • Yelp & Facebook are local consumers' most trusted review sites, followed by Google & BBB.org

-People are becoming less likely to visit businesses' websites after reading positive reviews - a 17% drop from 2016

  • 32% of consumers read local reviews on mobile apps this year (a growth of 14% from 2016)

  • Consumers read an average of 7 reviews before trusting a business - up from 6 last year

So Here, You can see how reviews playing key role into Buying behavior .

Few More interesting details:


How many times have you used the internet to find a local business in the last year?

Brief Point :

97% of consumers used the internet to find a local business, up from 95% in 2016

12% of consumers searched for a local business every day

54% of consumers looked for a local business online at least once a month


Which business types have you read reviews for?

Brief Point :

60% of consumers searched for a local restaurant or café online

The biggest rises in review-reading have been seen for grocery stores, gyms and senior living facilities

How do online customer reviews influence your decision to actually use a local business?

Brief Point:

In 2017, 68% of US consumers said that positive reviews made them more likely to use a business

Reading negative reviews makes 40% of consumers not want to use a local business

What is the typical next step after you read a positive review?

Brief Point :

17% fewer people will visit a business website after reading good reviews than in 2016 (37% this year compared to 54% in 2016)
The number of consumers who would visit a business as their next step has grown by 10% in the last year to 17%
10% of consumers now contact a business after reading a positive review

Do you read online reviews to determine if a business is good or bad?

Brief Point:

93% of consumers read local reviews to decide if a business is good or not – meaning just 7% don’t (compared to 9% in 2016)

35% always read reviews when seeking out a business near them

How do online customer reviews affect your opinion of a local business?

Brief Point :

Positive reviews make 73% of consumers trust a local business more

50% of consumers will question a business’s quality after reading negative reviews

Consumers are becoming increasingly apathetic towards negative reviews

Do you trust online reviews as much as personal recommendations?

Brief Point:

85% of consumers trust online reviews as much as personal recommendations, up from 84% in 2016

25% of people have to believe the reviews are authentic before they trust them as much as personal recommendations

Have you ever left a local business an online review?

Brief Point:

63% of consumers have written positive reviews for local businesses, while 32% have left reviews for negative experiences

26% haven’t yet reviewed a local business, but would consider it

Have you ever been asked to leave a review for a local business?

Brief Point:

68% of consumers left a review after a local business asked them to

More businesses are asking their customers for reviews – 74% of consumers have now been asked

Below Questions are BIGGEST THING that we want to solve through Blockchain Technology ...

Have you read a fake review in the past year?

79% of consumers believe they have read a fake review in the last year

25% of consumers believe they have read a lot of fake reviews in the last year

Is it easy to spot if a review is fake?

Brief Point :

84% can’t always spot a fake review, with just 16% saying they always can

70% of consumers say they ‘sometimes’ or ‘always’ find it easy to spot a fake review

14% of consumers find it difficult to spot a fake review, with a further 16% being unsure

Here , We are building something great For Trusted Reviews/Reputation Building System using Ethereum & Sidechain Blockchain Technology. Currently Our Dapp is under development .

We are building team for same !

Currently Our team size 6 +

  • 1 Blockchain Developer
  • 1 Web Designer
  • 1 Project Manager
  • 3 Nodejs & React Developer

Soon we will launch our MVP Dapp.
Our MVP is trying to solve communication/Trust problem between Expert crypto traders & Investor.

For More details about project,

Kindly connect with me on [email protected] or https://www.linkedin.com/in/krunalvaghasiya/

We are building team.

Current Requirement :

  • One Online Marketing Person
  • One Solidity Developer

We will put our project open source once MVP is ready.

Sort:  

look like a Good and Creative project...
Happy to be part of this Project and good team..

Actually, I also face some problems with some trader. They have givene me some projects and i have invested my money into those company which are bullshit projects. My money stuck in all those companies.
Now I cant do anything.

SO, the project on which u are working​ will be solution for​ all this kind of Problems.

Yes. That's our 1st Agenda in our Dapp. In our MVP we are going to solve this problem.
Based on Traders Reputation you can identify your traders & follow their signals.

Thank for up vote.

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.brightlocal.com/learn/local-consumer-review-survey/