Blockchain Social Network Indorse Launches Minimum Viable Productbr>
Singapore-based decentralized social network Indorse has launched its minimum viable product (MVP), allowing registered users to control and profit from their data.
The MVP would enable users to build professional profiles on the platform, import their existing LinkedIn profile, and view a skills visualizer to track specialties and accomplishments.
Indorse, which has already worked with private and public institutions in Singapore as well as education institutions, developed a blockchain-powered decentralized professional network via a convertible loan agreement. The company allows users to display their skills on the network, which are then confirmed by the blockchain, allowing endorsements and pay for any activities they do with the company’s IND tokens. The company raised $9 million during its initial coin offering (ICO) in September.
Indorse CTO and co-founder Gaurang Torvekar said that in addition to proving the desire for a decentralized social network for professionals, their token sale demonstrated a significant level of trust and support from community.
The Indorse platform has already garnered interest from numerous reputable leaders within the blockchain industry, such as Decentral CEO Anthony Di Iorio, Indorse Advisor and Co-founder of Kyber Network Loi Luu, and Benedict Chan, Director of Engineering at BitGo.
“When we first challenged the control and use of data on traditional social networks, it was encouraging to see thousands of eager participants join us in our pursuit of an innovative, equitable model,” said Torvekar. “We are delighted to have successfully launched our MVP, further bringing us one step closer to becoming the go-to social network for professionals.”
Earlier this month, the company teamed with AppCoins to allow Indorse users to verify the ownership of any app on Aptoide App Store. AppCoins is an open and distributed protocol built on the ethereum blockchain. The partnership also allows Aptoide users to check an Indorse developer’s reputation.