Summary

Revain is an online review platform built on the Ethereum network, and its main feature includes the inability to delete or alter reviews. Through ERC-20 smart contracts, users are rewarded for posting/reviewing authentic and genuine content via tokens. Revain employs two different tokens – RVN and R, the latter being a token to be used during the ICO, and the former, a network stable coin for the Revain platform. The ticker for the main Revain token is R.

Distribution

The current circulating supply of R is 1,000,000,0000 tokens.

Company Foundation

Mission

Revain was founded on the principle of offering a way of viewing more authentic and honest review based content. The main argument falls back on the premise of nefarious users posting fake reviews for other online platforms like Yelp or TripAdvisor, which contributes to public deception about the quality of services rendered or on offer. Revain aims to disrupt the ICO industry primarily, by incorporating blockchain technology into a platform where the reviews for ICOs themselves pass through a sort of blockchain 'truthfulness test'.

Current Team and Size

Rinat Arslanov is the CEO and founder of Revain. Other notable team members include Sergey Omilyanchuk (Backend developer), Vlad Bocharov (Designer), Michael Ambukadze (Front-End Developer), Bogdan Savin (Community Manager), Olya Green (SMM specialist), Max von Lüttichau Community manager), Shi Qun (Community Manager), Maksim Voronin (CTO, TECH LEAD), Tatiana Muntyanu (Project Development Manager), Alexey Belashenko (Strategic Manager), and Alyona Kazakova (Community Manager).

Technical Design

Summary

Revain has partnered with IBM Watson to incorporate the AI backed by the tech giant in their Tone Analyzer Platform to ‘automatically gauge the emotional sentiment of reviews. The platform also has a variety of filters used to judge user geolocation, past activity, and overall review characteristics. Only part of the reviews stored are done so on the Ethereum blockchain for ‘economic purposes’ according to the Revain whitepaper.

Algorithm and Functionality

• Tone Analyzer – based on three criteria; emotion, language style, and social tendencies (backed by Natural Language understanding).
• Manual Filtration – After passing RAF authentication, the review is sent directly to the firm it has been targeted at. For example, if Starbucks were to use the Revain platform, an RAF passed review would pass along to Starbucks for secondary approval.
• Review Snapshot Storage (RSS) – Once reviews have been approved twice, they are stored on ERC-20 contracts called RSS, which imprints the review on the Ethereum network.

Revain is currently still in alpha testing, with the addition of an HTML widget planned for companies to install directly onto their websites.

Economics

Summary

As business gradually migrates to the blockchain to remain competitive, there is no reason to suggest that the reviews that keep companies as house-hold buzz-words wont also follow the same logic. For this reason, Revain, and other platforms like it will begin to populate the greater blockchain space in the near future.

Adoption

Partnering with Watson has given Revain a certain edge, and there will possibly be more partnerships in the future as Revain moves forward with its product roadmap. Other industries applicable to a project like Revain include gaming and e-commerce.