Monetha introduction
Mobile payment processing company Monetha's Ethereum blockchain is based on smart contracts with a decentralized trust and reputation system. Its mission is to become a powerful force in global commerce, providing a reliable, transparent and decentralized payment gateway for all users around the world. Monetha's service provides a faster, safer, cheaper and more decentralized payment alternative to the existing systems used by most retailers and merchants today. The payment system Monetha is seen as a combination of PayPal and Trustpilot and is currently running on the Ethereum blockchain. Monetha's decentralized trust and reputation system DTRS uses smart contracts that integrate seamlessly with payment processors, seamlessly with Monetha's payment processors. Let buyers see reliable and transparent reviews made by previous customers. Information needed to ensure a trust relationship between buyers and sellers, such as warranties, will be recorded on the block. The smart contract will automatically modify the trust ratings of the parties based on an algorithm that assesses the quality of the transaction. Creating a decentralized trust business is revolutionary. Based on the information saved during the transaction, customers and merchants will be able to file/settle claims, rate each other, view ratings, etc. The history is then recorded to immutable Ethereum blocks so others can make informed business decisions.