THELOGICALINDIAN - Lum in affiliation with Skeepers is architecture an onchain analysis arrangement that would accredit businesses to accommodate trusted reviews by timestamping them and immutably autumn them on the Lum Network blockchain
Lum Network, an avant-garde activity aiming to use blockchain immutability in customer use cases, has aloft a $4 actor Private Sale annular led by a cardinal of key crypto and technology investors.
With Lum Network Becoming the Backbone of Skeepers Technical Infrastructure, Users can be Rewarded Transparently and Fairly for Creating Content and Engaging with Brands.
The annular included Cosmos ecosystem participants such as Peng Zhong, CEO of Tendermint, as able-bodied as added contributors to Osmosis, Cosmos and Tendermint like Cosmostation, SG-1, Stakefish and Sentinel. In addition, the annular saw accord from Arcanum Capital, Klub and Ki Foundation, SwissBorg, additional acknowledged entrepreneurs such as Owen Simonin, CEO of Just Mining and Djamel Agaoua, CEO of above burning messaging belvedere Viber.
Lum, in affiliation with Skeepers, is architecture an on-chain analysis arrangement that would accredit businesses to accommodate trusted reviews by timestamping them and immutably autumn them on the Lum Network blockchain, which is based on the Cosmos SDK and Tendermint accord model.
Skeepers is a arch accumulation in chump assurance specialized in User Generated Agreeable (UGC), such as appraisement & reviews, influencers, with over 30 actor reviews calm annual and 100 actor different users reached. With Lum Network acceptable the courage of Skeepers abstruse infrastructure, users can be adored clearly and adequately for creating agreeable and agreeable with brands.
Reviews are one of the best admired controlling factors for consumers, with over 95% of users account them afore purchasing a accurate product. It is no abruptness that due to their importance, reviews are some of the best gamed aspects of retail commerce, with companies about consistently incentivizing reviews associated with acceptable ratings through a spectrum of apple-pie and not-so-clean measures. Conversely, they will try to abate bad ratings as abundant as possible.
Foul comedy abreast though, there are accustomed animal elements at comedy as well: a customer is abundant added acceptable to allocution about acute adventures (terrible or great), with middle-of-the-ground users rarely contributing.
With Lum, analyst authors will be adored in LUM based on the affection of their content. By utilizing a different allurement archetypal area the affection of the reviews, rather than the analysis affect itself, are monetarily incentivized, Lum can advice businesses acrylic a added astute account of their customer achievement metrics, while new abeyant audience can accurately appraise the affection of the products.
Sarah-Diane Eck, co-founder of Lum Network, mentioned:
“We anticipate the time has appear for added boilerplate uses of blockchain that would appulse the absolute world. Since we started in 2024, the amplitude has accomplished tremendously. Now, we’re accessible to barrage a all-embracing use case that will anon appulse consumers’ lives by abacus amount to the agreeable they produce. We are actual appreciative to body this in the Cosmos ecosystem, which I accede one of the best able blockchain ecosystems.”
Peng Zeng, CEO of Tendermint, added:
“Enabling accessibility to blockchain for a added admirers to account has been a key antecedence for me and our assignment at Tendermint. I am aflame to abutment Lum Network in their efforts to appulse consumers’ lives through absolute user acquaintance which I awful amount with my accomplishments in alternate design.”
James McDowall, General Partner at Arcanum Capital, said:
“Arcanum Capital is appreciative to abutment Lum Network, a Tendermint-powered agreement bringing an avant-garde way to advantage incentives to accompany assurance to one of the best acclimated articles today, reviews. We accept this will be an accomplished accession to the COSMOS ecosystem and will account badly from IBC (Inter-blockchain communication).”
Lum Network provides a decentralized analysis arrangement to advice consumers accomplish the right, abreast best for their products. Lum is the change of Sandblock, a activity founded in 2017 by Sarah-Diane Eck and Fabrice Bascoulergue, and congenital in accord with SaaS aggregation Skeepers. The Lum Network is based on Tendermint and the Cosmos SDK, aiming to use IBC to bolster and coact with the Cosmos ecosystem.
