Bob's Repair

at 630 S. 9th Street, Las Vegas , 89117 United States

1. Internet Company
2. Internet/Software

Bobsrepair.com is eliminating fraud in the services industry by introducing Blockchain to the consumer through a decentralized listings marketplace.

Description

Bob’s Repair Abstract Bobsrepair.com is eliminating fraud in the services industry by introducing Blockchain to the consumer through a decentralized listings marketplace. Summary The skilled trade industry is experiencing great fraud online with fake reviews. Top rated companies engage in fraud by inflating their reviews online and removing negative reviews by directly contacting unhappy consumers or the websites that their businesses are listed on. Reviews on search listings such as local google recommendations, HomeAdvisor and Yelp can no longer be trusted, leaving customers under the false impression that top-rated companies are credible. Reviews for these sites may be purchased online from third-party sellers which coordinate crowds of real people to write them for a financial, point-based or other types of incentive. Conversely, companies may also engage in purchasing negative reviews for their competitors in order to gain an unfair advantage in the marketplace. Classified listing sites such as Craigslist can no longer be trusted either. Top listings on the site are made by companies that outsource the posting of ads to the website, over-saturating the market with fraudulent ads that pretend to connect consumers to low-cost contractors but in fact connect them to companies that charge unfair rates due to their marketing placement advantage on the site. Further negative stipulations of such centralized marketplaces is that the companies take money for leads from contractors, which in turn pins the price of the lead generation onto the consumer, making them pay $30, $70, or even $150 more for a small service job. Solution The skilled trade industry is in the need of a solution that will eliminate fraud and lead-generation commissions from the marketplace and give the trust and power to the people. This implementation requires experts in the skilled trade market space that have experience with home repair and advanced API technologies. Bob’s Repair is a company that has serviced over 50,000 customers and transacted over $1,000,000 in revenue. The proposed solution is that Bob’s Repair cannibalizes it’s current, successful business model in which independent contractors receive leads on a flat-fee, weekly system, and convert its operation to a decentralized customer-facing website (www.bobsrepair.com). This customer-facing portal will provide fraud protection in two forms: 1. The company will store all reviews on a public unalterable ledger, AKA the Blockchain. Independent contractors offering their services will have a payment-tied review history that will be completely transparent and accessible to the public and never be able to be altered. Consumers are contractors are encouraged to use low-rate credit card processing services provided through the website due to Bob’s Repair receiving no financial incentive from the transaction. Customers will also find themselves being able to search for workers based on past work criteria and not proposed pricing for jobs—ie. search by “sink install” and see what prices contractors had charged customers for that job in the past and how the work was reviewed. 2. Bob’s Repair is the first company is the world to ensure that all consumers and workers are real by verifying all identities of workers and clients through the Trusted Transaction Network (TTN) token, a Blockchain identity verification solution. Financial Model The new Bob’s Repair Model will be similar to the one provided to consumers by CreditKarma.com for access to free credit check access. The service enriches the lives of many and is completely free to the consumer while profiting on offers provided by partnered banking institutions. Bob’s Repair, through strategic FinTech partnerships, will offer contractors small business loans, beneficial credit card offers and better-rated insurance policies for their professions.

Company Rating

45671 FB users likes Bob's Repair, set it to 2 position in Likes Rating for Las Vegas, Nevada in Internet Company category

Summary

Bob's Repair is Las Vegas based place and this enity listed in Internet/Software category. Located at 630 S. 9th Street NV 89117.