Introducing Indorse — The Professional Networking Platform of Web 3.0

Creating a Skill Based Professional Network and giving Data Ownership back to the Users

What is Indorse?

‘Indorse’ is a revolutionary platform using new models of tokenization and decentralization to change the shape of professional social networking.

Unlike traditional platforms such as LinkedIn, Indorse aims to give back ownership of the data to you, as the user, and allow you to profit from sharing your skills and activities on the platform.

Indorse uses rewards and a reputation system to incentivize users to add their accomplishments and endorse those of others. Advertisers in turn purchase space on the site, which creates revenue for the platform. This revenue, along with other revenue streams, is shared with the users who created the content.

In a nutshell, users are finally able to share in the profits made by the platform, due to their data, instead of the money going to the companies holding their data.

Why Indorse?

Ownership of the data — Back to the users

“If you’re not paying for it, you are the product.” — Unknown

Technology has allowed us to share information more freely and readily with each other, but ease of use and accessibility is a double edged sword. Issues about personal privacy, data protection and ownership of information have surfaced, rightfully, over increased flows of information. These issues regarding ownership of personal information and commercialization of such information must be fixed once and for all. This is our core focus.

Skills Economy

In the past, the higher education was an exclusive domain for a few. Today we’re seeing a rapid increase in number of students as a result of a push to make good education (and better jobs) more accessible to everyone.

This has led to the record number of students passing out of college, but a considerable amount of them unable to land a job.

The reason? Skills Gap. The skills that jobs demand do not match with what students learn in college.

What then is the value of qualifications, if not as representations of knowledge or scarcity? We believe that qualifications are representations of skills acquired. In this age of constant influx of information and knowledge, the only constant is change. That, and deep skills which allow us to ride the changes.

The right skills allow us to adapt to situational and information changes quickly and flexibly; they are our means of navigating this increasingly complex world. So it seems the academics and governments are not that far off in their claims — our economy is the skills economy.

Creating a Skill Based Professional Network

That lets the users own and earn from their data?

Enter Indorse!

Let’s walk through an example to see how it works:

Alice joins the Indorse network. Upon registration she is issued a minimum Indorse Score that will enable her to post a single claim to her profile.

She starts by creating her unique profile identity, and then adds a claim. She claims that she graduated from Ngee Ann Polytechnic in 2017 with a Specialist Diploma in IT Network Systems. She provides a link to the Ngee Ann Polytechnic verification page for her certificate information. She submits the claim with that and her Indorse Score is locked. The Indorse platform randomly chooses a number of other users who can endorse the claim.

Bob is an Indorse user who is chosen to endorse the claim. He receives a notification and sees that Alice has placed a link to the verification page for her certificate. He verifies that the claim is valid and endorses the claim, locking up his Indorse Score.

After a consensus of endorsement is met, Alice’s Indorse Score is increased by 1, for making a valid claim. She is also rewarded with Indorse Bucks. Bob also has his Indorse Score increased by 1 and receives an Indorse Buck.

Six months after receiving this Indorse Buck, Alice’s Indorse Bucks are converted to IDS tokens (which are tradable) based on the advertising pool for the period.

If the endorsers vote that Alice’s claim is not valid, she does not get Indorse Buck and loses an Indorse Score point.