Social connections used to be with neighbors, at bars and dance clubs, or at work around the water cooler. But these days, social connections have all turned online. Matchmaking apps like Tinder, Bumble and others have grown massively in popularity.
In the business world, connections are made with sites like LinkedIn. These sites create a platform for employees to make business links with business people in a more formal and professional arena.
And yet, as human connections have increasingly turned online, troubles have begun to appear. A simple Google search reveals the huge number of problems that have popped up with online dating, with stories of patrons even being attacked.
Business platforms are no different. LinkedIn, for example, is helpful in many things, but at the same time, most profiles are puffed up beyond what is really accurate. Like a well-constructed resume, profiles on job connection sites are not usually reflective of reality.
Enter the Blockchain
Blockchain technology is beginning to be able to provide new platforms for online social interactions to function. The goal with all these connections is to create new relationships with users in order to find links in similar interests.
Links can be in a variety of areas – they may include hobbies, or business relationships, or even romance. But in all these areas, Blockchain provides a new and better way for digital interaction to take place.
Matchpool is a company that has started working in this space using blockchain technology. After its very successful $5.7 million ICO, the company has not remained idle but has continued building real-world application connections in order to grow its platform. With new business relationships and upgraded incentivized users, the platform is promising to be a sea change in the online social networking world.
Matchpool has recently created a new upgrade to the incentivization platform on the Alpha version. The coins currently being used are Testnet coins created on the Ropsten testnet. The hope for Matchpool is to be able to encourage users to participate on the platform in order to gather feedback and suggestions from the wider social media community.
A Snip or Two
Snip is an up and coming way for consumers to find and digest news in simple and easy to read ways. As a news platform for concise news summaries, Snip makes it possible for readers to maintain high volume news consumption while making small time investments. On Snip, users can search for and build personal news feeds by evaluating the information held by a variety of writers who are promoted by the community.
Within the Snip platform, users from Matchpool are now able to refer and promote writers for Snip publication. When a writer joins Snip and has an article published on the platform, the one who referred the writer will receive a bonus in the chain token of either chain, whether Guppy Tokens from Matchpool or Snipcoins from Snip.
By partnering with Snip, Matchpool intends to drive new two-way traffic for both platforms. News readers will be able to share good content with their social pools on Matchpool, and vice versa.
Qtum partnership
Matchpool has also inked a new partnership with Qtum, the Chinese blockchain giant. Matchpool plans to build a social networking and connections Dapp. The technological cooperation provides Matchpool with new ways to access and utilize the Qtum Proof-of-Stake (PoS) UTXO model. The partnership with Qtum provides new technological platforms for Matchpool that were outside of its systems previously.
The QTUM Decentralized Governance Protocol also moves the vote for changes including hard forks and scalability into the hands of the people who use the chain. The community has a strong say in movements within the protocol regarding scalability, which results in fork protocol adjustments without a fork or divide – a solution that looks increasingly promising with the current SegWit2X debate over Bitcoin.
Matchpool continues to move forward, both technologically and with regard to business matters. The new partnerships mean a substantial improvement for Matchpool. The company hopes to have the beta up and running, allowing leaders and business persons the opportunity to create, maintain, and incentivize communities.