Photo - Tested Web
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Tested Web

USA, Texas
Market: Information and media, Services, Blockchain, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 04.06.2022
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Idea

Tested Web is a share to earn online reviews/reputation marketplace for businesses and consumers striving to eliminate fake reviews using AI, behavior analytics, and smart contracts.

Current Status

Pre-launch whitelisting has over 4700 users and $74800 in pre-launch commitments from 112 businesses in Austin, TX metro area for the retail marketplace.

We have won 3 grants, a total of $1,200,000.

Problem or Opportunity

In 2021 alone fake reviews caused over $63bln in economic damages in the US according to the FTC.
While review portals claim to be unbiased, the research shows that fake reviews often help review portals as a primary beneficiary.
Consumers have no transparency or power over reviews they read and generate. The reviews industry players are biased, non-transparent, and often corrupt.

Solution (product or service)

Tested Web provides an unbiased Web3.0 Digital Marketplace for users/customers, businesses, and government organizations. Each user is assigned a blockchain content wallet, where users own content, join smart-contract-powered content moderation, and get rewarded for their inputs.
Additionally, every user is assigned a personal AI-powered behavior analytics tool. This tool will scan through the content users generate while they are writing it and assign a real-time dedicated trust score, minimizing fake and malicious content before it is too late.

Business model

The marketplace is freemium subscription-based.
Businesses pay $10 - $199 per month, where 25% of the revenue is distributed back to the consumers as a part of the share-to-earn model.

Incubation/Acceleration programs accomplishment

Accepted by 2 of the top 5 nationwide accelerators for winter 2021 cohorts, however, did not proceed based on team decision.
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