Trust based FICO score like rating
Solve the following problem:
From the perspective of a potential customer looking to build a relationship with a vendor
How do I know if I can trust to hire a contractor, shop at a store or do business with a professional without having to find out the hard way by taking a chance at a new vendor relationship
From the perspective of a vendor
How do I prove to my potential future clients that I am trustworthy to do business with at the lowest cost?
Based on the assumption that my organization performs better than my competitors I can set my prices higher. I can also lower my new customer acquisition costs because of higher demand for my publicly trackable trustworthy services.
Ebay of ratings creation
Open data access through open APIs just like Flickr
Become part of the business infrastructure just like Ebay
Decide on Area of operation – local, US, Global
Proof of concept links:
- A link to a web posting from early 2007 from a business owner with the title: There has got to be a better way – I want vendors to compete for my business
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