Steem Community: Welcome Bob's Repair! One of the first SMTs!
It looks like we have found one of the first companies to publicly announce their intentions to use SMTs on the steem blockchain.
Bob's Repair!
If you do not recall SMT stands for Smart Media Token and it is a way for companies/businesses/communities etc. to tokenize/monetize content (or any other thing they want to monetize) using the steem blockchain.
More about how they work can be read here:
(Source: https://smt.steem.io/)
What is Bob's Repair?
According to their website...
Bob's Repair intends to use blockchain technology to eliminate review fraud and provide lower pricing in the home repair industry through a decentralized platform.
Smart Contractors. Smart Contracts.
For a little more on their history, this comes directly from their website:
"Anyone that has hired a contractor in recent years for home repairs has faced three problems: false information due to review fraud, hidden costs due to advertising fees, and inflated prices due to lack of pricing transparency. Bob’s Repair is here to change that.
The Prandecki brothers, together with blockchain experts and experienced software engineers, founded Bob's Repair with the mission of launching a decentralized platform that will bring trust and fair pricing back to the consumer.
In order to fight review fraud, advertising fees and provide the consumer with transparency, the Bob's Repair Application will be built on the STEEM blockchain, which has a three second block time and no transaction costs."
(Source: https://bobsrepair.com/ or http://bobsrepair.com/)
Cool! What does that mean?
Basically it sounds like the are trying to solve the problem of review fraud.
I don't know much about how prevelant that stuff us, but it makes sense that it is a very big deal.
As it stands now, I could go on Yelp or any other review site/message board, and talk badly about anything I wanted, even if I had never done business with them.
In fact, it would not surprise me in the least if competing business go out and write false reviews about their competitors anonymously.
Bob's Repair hopes to change all that.
Every review will be attached to verifiable work done. Meaning that the only ones that can leave a review are the ones who actually used the service.
Seems like a great idea and one that could potentially be disruptive to a lot of big companies out there. You know, like Yelp.
Right now, Bob's Repair says they plan on on-boarding 50,000 plus customers that they have already connected to contractors in the past.
Though not a massive business, that represents a great network with which to get started.
Apart from the business, they have a very well known and interesting advisor...
John McAfee is a partner and one of their chief advisors. He says that he thinks Bob's Repair has a great chance of disrupting home repair through a decentralized platform.
In fact, here is one of his quotes about the project:
"Bob's Repair is one of the most interesting brick and mortar ICOs I've seen."
Pretty high praise coming from someone who sees a lot of ICOs, probably just as much or more than anyone to be honest.
You might remember him from saying he would eat his manhood on national TV if Bitcoin didn't hit $500,000 within 3 years.
I wrote about it a few times here:
https://steemit.com/bitcoin/@jrcornel/bitcoin-to-usd500-000-within-3-years-or-he-ll-eat-his-what
https://steemit.com/bitcoin/@jrcornel/you-gotta-admire-a-man-who-will-stick-to-his-word
At the time he made those remarks, bitcoin was trading for around $2,500 per coin and he looked extremely silly.
Now that bitcoin has already hit $20k, just a couple months from his original statement, he looks silly still, but slightly less silly.
Either way... he brings eye balls and will ultimately bring awareness to steem.
Regardless of how crazy you feel McAfee may or may not be, he is pretty influential in technology circles, has lots of connections, and his voice carries a lot of weight.
It's great to have him involved with a company doing a SMT on the steem blockchain.
For more info on Bob's Repair, check out their website:
or
And Whitepaper:
https://bobsrepair.com/docs/White-Paper.pdf
Stay informed my friends.
Follow me: @jrcornel
Wasn't the first one Appics ?
Explanation for high upvote
Yes, it is among the very first, with ZAP been its currency. Alot of people needs to know about Appics before its full launch. Great Platform, I must confess.
@jrcornel - this is awesome news, and the John McAfee involvement may explain some of the recent explosion in the STEEM price.
One question - SMTs don't appear to be mentioned at all in the white paper. Are we 100% certain this will use an SMT and not another fork of the Steem software like vicetoken.com is doing?
Read page 15 ;)
I've read the whole thing. From what I can tell it looks like their BOB token will be an ERC-20 token and most of the platform will be run on an Ethereum smart contract. Then it seems like the reviews themselves will be posted to the STEEM blockchain (and I'm guessing just using the STEEM token since there is zero mention of an SMT).
It says the Bob's Repair Application will be built on the steem blockchain, not using the steem blockchain or a forked version of the steem blockchain, but on the steem blockchain. If that isn't an SMT I would be shocked.
It is strange, however there is absolutely no mention of an SMT anywhere in the whitepaper, and since it seems like they are planning on keeping the BOB token on Ethereum maybe they don't want to have two separate tokens?
I am not sure. It is a bit strange. Maybe @virtualgrowth can chime in here. He was also an advisor to Bob's Repair.
That would be awesome to hear from someone on the inside...
As far as i see it is just another ERC token and has nothing to do with Steem blockchain or SMT's. Maybe SMT's will be implemented as some form of the incentive in the future, but for now it's plain ERC20 ICO.
That doesnt necessarily have to mean its an SMT, just like existing applications run on Steem and are not SMTs. Think dtube, busy.org, etc. Granted they might become SMTs over time. Dtube already stated they will add one.
SMT was not mentioned because it may be long term and not part of the initial MVP build of the platform. This will be better explored this month.
Please, what is Bob's repair?
Did you not even read the post? Wtf
Bob's Repair intends to use blockchain technology to eliminate review fraud and provide lower pricing in the home repair industry through a decentralized platform.
I'm setting up a bookstore that will accept STEEM and am planning to use SMTs for the bookstore, as well. Thank you so much for this information! It will help as I move forward.
That's awesome! The business that accept steem the better!
Are you at liberty to talk your commission v. author commission?
Will authors buy SMT to sell books in the store?
I look forward to a post with all the details.
Btw, most indie authors are set up on Amazon. Will this be an issue with selling books from your store?
Best regards,
Peace.
Those details haven't been ironed out yet. But yes, when they are, there will be a post outlining them! Thanks very much for your interest.
✌!
that sounds exciting!
I would be interested too for my business. I am very green though still very unsure even what it is and how it has value, like where value is coming from. People are buying coin?
I see this could be great for me to know all about to I build many websites a year some cannabis and other black market sales.
Great news. This will add value and visibility to Steem.
You got a 22.22% upvote from @yourwhale courtesy of @discernente!
Hmmm thats a very interesting idea, Ive always thought about how reliable online reviews are. I know personally from owning a business how unreliable reviews are. There is just no way of knowing which ones are real. This has me thinking of how I can use this idea too ;) Thanks for the info!
Agreed. If they can figure out how to do this effectively, there is a massive market out there for stuff like this...
@bobsrepair is on Steemit!
https://steemit.com/@bobsrepair
No posts yet.
Following only @virtualgrowth
Good info. Thanks for the heads up!
Good to know about this and thanks for sharing.
I've been following this project for a long time right from inception and it looks very promising
Great to hear @enolife! Seems a few have that are on steem(it). :)
Yes, The account is only currently reserved. Watch for more as they are currently in the process of raising funds for development.
Thanks for the heads up on this, advise well ;)
Marvelous campaign!
Awesome Work ..
Head Up for Steem it !!
Thanks
No matter how much I read about SMT’s, I’m still having a hard time wrapping my head around how much their rollout and subsequent usage might affect demand for Steem tokens. 🤔
wah nice!