A-Z Popular Blog Study Guide Search »
Technology
 
Types of Technology
Algorithms
Analytics
Artificial Intelligence
Information Technology

top   »  business   »  services   »  service economy   »  reputation systems

What is a Reputation System?

 , updated on
A reputation system is a technology that allows customers to rate a business or peer. For example, a reputation system may allow for ratings and comments about hotels, restaurants, ecommerce sellers, contractors or peers in a sharing economy interaction.
Popular reputation systems are known to transform industries, driving unpopular businesses to make improvements or lose customers. As such, they tend to drive economic improvement.
Reputation systems are also essential for peer-to-peer business activities as they allow individuals to establish a reputation to gain trust with potential clients.
Overview: Reputation Systems
Type
Information Technology
Ecommerce
Definition (1)
A system that allows customers to rate businesses or peers for their performance in a transaction or commercial relationship.
Definition (2)
A system that rates businesses or peers based on an algorithm or customer rankings, ratings and comments.
Value
Allows businesses and peers to establish a reputation.
Drives improvement as highly rated businesses are rewarded with greater demand.
Related Concepts
Ranking vs Rating
Business Models
Competitive Advantage

Information Technology

This is the complete list of articles we have written about information technology.
AI
Algorithms
App Management
Audit Trail
Automation
Autoscaling
Benchmarking
Business Software
Choreography
Cloud Computing
Cloud Scaling
Code Smell
Coding
Complexity Hiding
Computing
Cryptography
Dark Data
Data
Data Architecture
Data Dredging
Data Infrastructure
Data Integration
Data Science
Data Security
Data Wrangling
Databases
Deep Magic
Digital Transformation
Diy
Edge Computing
Emergence
Endpoints
Enterprise Architecture
Event Processing
Gamification
High Availability
Honeypot
Horizontal Scale
Incidents
Information Science
Information Security
Information Technology
Integration
IT Architecture
IT Artifact
IT Assets
IT Biases
IT Capabilities
IT Controls
IT Gaps
IT Goals
IT Governance
IT Lifecycle
IT Management
IT Metrics
It Metrics
IT Objectives
IT Operations
IT Planning
IT Risks
IT Services
IT Strategy
IT Support
Key Stretching
Last Mile
Least Privilege
Low Technology
Managed Services
Master Data
Modernization
Mods
Network Arch.
Network Infra.
Networking
Office Automation
Operating Systems
Over-Automation
Overlay Network
Password Entropy
Payback Period
Peer-to-peer
Precomputation
Proof Of Work
Quality Assurance
Regression Testing
Reputation Systems
Robotics
Self Service
Service Level
Service Management
Software
Software Quality
Solution Architecture
Space
Strategic Planning
System Architecture
Systems
Technical Skills
Technology
Technology Culture
Technology Issues
Technology Strategy
Unstructured Data
Utility Computing
Workload Automation
Zero-day
If you enjoyed this page, please consider bookmarking Simplicable.
 
Cite »

Business Models

A list of common business models.

Bricks And Clicks

A retailing strategy that combines physical locations with a strong ecommerce presence.

Complementary Goods

A definition of complementary goods with several examples.

Collective Business System

An organization that represents businesses or professionals that have something in common.

Product vs Service

The business difference between products and services.

Business Model Examples

A few examples of common business models.

Business Model Definition

The definition of business model.

Scalable Business Model

A definition of scalable business model with several examples.

Two-sided Market

A definition of two-sided market with examples.

Types of Technology

A reasonably comprehensive list of information technologies.

Gamification

A list of gamification techniques.

Business Software Examples

A list of common types of business software.

Systems Technology

An overview of systems technology with examples.

Point Of Sale

An overview of point of sale functionality.

Employee Management Systems

An overview of employee management systems with examples.

Application Software

An overview of application software with examples.

Trending

The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map
Architecture
Behavior
Branding
Business
Business Analysis
Business Models
Business Strategy
Cities
Color Theory
Colors
Communication
Computing
Creativity
Culture
Customer Experience
Data
Decision Making
Design
Design Thinking
Economics
Education
Governance
Government
History
More ...
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.

View credits & copyrights or citation information for this page.

Home About     Privacy Policy     Cookies Terms of Use     Contact Us Search


Cookies help us deliver our services. You have choices regarding these cookies. Please visit our privacy policy, cookie policy and consent tool to learn more.


Copyright 2002-2024 Simplicable. All rights reserved. This material may not be published, broadcast, rewritten, redistributed or translated. Report violations here.