What are reputation systems?
Reputation systems are specifically designed programs which allow their users to rate one another on online communities, this helps in building trust through reputation, and a lot of E-commerce websites make use of this system. Even online advice communities take help of this effective tool to conduct reputation service checks in India.
Why is there a need for reputation check services?
Reputation service checks in India is done by the help of programs as already iterated above, and they follow a loose trend for mediation through the internet in case of provision of services. India has seen a huge boom in online shopping in the last few years and it becomes important to check on vital information. This is not only applicable for shopping online but reputation check services in India also cover the fields of online advice as well as other fields where exchange of information is a priority.The conception of reputation check services in India is built upon the fact that although the customer or consumer cannot, by himself, try a service or a product, or even the person/s selling the product, the outcome of the service is satisfactory, being built upon mutual trust by recommendation systems.
The intricacies of a reputation check service
Most of the reputation check systems have something in common with collaborative filtering, where the ratings are gathered from the members of the community. The only difference is that they use different ways to do so.While collaborative filtering utilizes commonness between users in order to recommend a product; a reputation system will always take into consideration a collective opinion so as to build a bridge of trust between users of a portal.
Types of reputation checks
- Online: This one is pretty clear, and it reinforces a very ancient trait inherently present in humans; the feeling of distrust. It was pretty essential then as it is now; you really don’t expect to share your bed with a stranger. Reputation check services in India became important to reinforce faith and belief in the users of a particular transaction, and it is always two-sided.
- Reputation Banks: There has been an emergence in sharing economy, which in turn increases the importance of trust in a peer to peer economy. Here, a user can build up his reputation as well as trust, but cannot engage them in other systems, reputation check services in India also have this system, and some see it as only a matter of time before these systems or rep banks will be integrated into a complete whole.
Reputation as a valuable resource
A high capital in your reputation will definitely hold out benefits. There have been studies conducted that show a very high degree of correlation, positive correlation, between seller ratings and asking prices on various major E-commerce sites. This reputation is also used abstractly, in the case of a company selling low quality products for a far higher profit, until their reputation fails.