What is Xfair?
A TOUR OF THE MAIN XFAIR FEATURES
XFAIR can be used inside shared economy platforms to make their business fair and grow the value of the platform through a sustainable network effect.
A way to share the added value created between the owners, contributors and customers of platforms, aligning their interest around increasing value, quality and adoption.
A platform value is measured by quality of the service delivered, quality of the information –such as reviews- and pricing model. XFAIR’s new approach to enhance these metrics drives adoption and success.
A novelty is the XFAIR application token allowing compensations to be received as a share of the platform’s ownership.
Selecting between direct pay or invest in value is up to each contributor, and can be decided at each valuation cycle. It’s your choice, every time.
XFAIR handles everything and hides the complexity from the platform. Just grow your business and display your “fair platform” label.
How does Xfair Work?
The fundamentals of the XFAIR technology
LEVERAGING THE BLOCKCHAIN
XFAIR is a genuine non-financial use case for a distributed ledger, not an adaptation of an existing use case. It is enabled by -and could not exist without- blockchain.
SOCIAL CURRENCY APPLICATION TOKEN
Allows platform contributors to either get paid or own a share of the value they create. The way they benefit from the added value is their choice, every time.
ROBUST REPUTATION MECHANISM
A robust review system, leveraging the consensus mechanism, allows to use unbiased reputation as a factor of effort compensation.
REMOVING THE COMPLEXITY FROM PLATFORM BUILDING
For Platform owners
Owners get many advantages from building or evolving their platform with XFAIR:
Contributors provide goods and services on an xfair plaform because:
Customers buy from an XFAIR platform because:
How XFAIR redefines the sharing economy platform
The real interest of XFAIR is to drive value by aligning the interests of all the stakeholders of the platform, from customers, to contributors, to owners and shareholders.
A platform needs to propose services that attracts customers and allows to reach critical mass, where there are enough clients and contributors to ensure quality and a steady flow of reviews.
Starting this type of network effect requires either enormous investments and a long time. This also often results in a “winner takes it all” situation, where there is only one surviving platform for a specific service (e.g. Uber, AirBnB, Facebook, LinkedIn, …).
With XFAIR, compensating every effort done to increase the platform value not only allows to shortcut the time required to achieve adoption momentum, it also gives the customers assurance that the services provided are not exploiting anyone.
Advantages of XFAIR
What characterizes the XFAIR technology is that it has advantages for all stakeholders of the sharing economy, thereby aligning their interests. Owners can benefit from the simplicity of the solution, allowing them to leverage the redistribution capabilities and display their “fair platform” label, without having to manage the details. On the other side, contributors can rely on the label and know they will benefit from the value they create.
|For platforms owners||For contributors|
|Simplicity, low setup cost||Trusted label and brand|
|Drive value with low investment thanks to crowdsourced effort||Retain ownership, value of ownership goes up as platform value increases|
|Get great quality content||Get compensation for contribution|
|Improve content value thanks to better reputation management||Tie effort compensation to unbiased reputation mechanism|
|Automatic reputation management by crowdsourcing verification, vetting and curation||Compensation function can be determined for each platform depending on business requirements.|
XFAIR is a generic technology being able to work with all types and shapes of platforms. The list of possible use cases is endless, but here are a few of them. It is interesting to note that efforts can be provided by human or machine contributors. For example, a human contributor could manage a farm of bots providing an information flow that can be monetized and allow to accumulate hybrid coins through XFAIR.
|Type of effort||Provided by a person||Provided by an API|
|Provide an information item|
|Verify an information item|
|Perform a virtual action|
|Perform a physical action|