What is Xfair?

A TOUR OF THE MAIN XFAIR FEATURES

 
  • Connector.Connector.

    A TECHNOLOGY

    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.

  • Connector.Connector.

    REDISTRIBUTING

    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.

  • Connector.Connector.

    DRIVING VALUE

    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.

  • Connector.Connector.

    Equality

    A novelty is the XFAIR application token allowing compensations to be received as a share of the platform’s ownership.

  • Connector.Connector.

    EMPOWERMENT

    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.

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    SIMPLICITY

    XFAIR handles everything and hides the complexity from the platform. Just grow your business and display your “fair platform” label.

Xfair-diagram 01

The state of the shared economy

Xfair-diagram 01

The XFAIR redistribution model

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

Xfair-diagram 03

XFAIR implements the four key functions needed for a cooperative platform: Operations, Reputation calculation, network valuation, governance

For Platform owners

Owners get many advantages from building or evolving their platform with XFAIR:

  • It renders the growth of the platform sustainable
  • It protects their reputation
  • High quality of content drives value
  • The reputation mechanism accelerates the business development spiral by attracting customers and contributors

For Contributors

Contributors provide goods and services on an xfair plaform because:

  • It compensates them for every effort they do that increases the platform’s value (including reviews)
  • It allows them to chose between pay and a share of the platform for each transaction
  • It links their compensation to the reputation level set by an unbiased reviewing mechanism

For Customers

Customers buy from an XFAIR platform because:

  • It has the XFAIR label which guarantees it redistributes value
  • The existing reviews can be trusted and are meaningful
  • It compensates them for their reviews
  • It allows them to own a share of the value of a platform they like and use

XFAIR FEATURES

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.

Effort Examples

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
  • write an article (news or other)
  • improve an article
  • comment on an article
  • reference an article
  • Provide an information flow
  • environmental information
  • financial information
  • traffic information
  • webcam stream
  • Provide a certified signature
Verify an information item
  • Cross-reference an article
  • Check for plagiarism
  • Fact checking
  • validate an element in a CV
  • Approve a news item
  • Inspect a photo or video
  • Recalculate and check values
  • Check electronic signatures
Perform a virtual action
  • Solve a problem
  • Contact a person
  • Offer an introduction
  • Solve a problem
  • Offer a virtual assistant task
Perform a physical action
  • walk to a building to verify an address
  • get a document from an administration
  • Deliver a document
  • Deliver a package
  • Deliver a payment
  • Go and take a picture