What Is Human Trust Protocol (HUB)?

What Is Human Trust Protocol (HUB)? Complete Guide Review About Human Trust Protocol.

What Is Human Trust Protocol (HUB)?

Whether through messaging systems, online communities, social networks, or the advent of the sharing economy enabled by peer-to-peer marketplaces, Internet applications have provided unprecedented opportunity for billions of users to interact and engage in content, connection and commerce. While such applications have enabled users to come into contact with many more people virtually, a lack of virtual trust between strangers has hindered the realization of greater economic value for users on the Internet.

The advent of blockchain and cryptocurrency technologies have created an opportunity known as the “Internet of Value” —a protocol-based system that transmits more than just information but units of economic value. These technologies enable decentralized networks to maintain consensual truth while transacting tokens that incentivize users for adding value to the network. By securing the network from harm and encouraging contribution, blockchain
technologies produce an economic network effect that results in their rapid expansion.

Human Trust Protocol Enabled for the first time in human history by blockchain technology, the solution to this lack of virtual trust is a ubiquitous trust layer that enables users to assess trustworthiness across applications. Hub defines the Human Trust Protocol and provides verifiable, portable trust that can be leveraged across Internet applications to deliver “trust-at-a-distance” whenever users interact with strangers.

Human Trust Protocol Storage Key Points

Coin BasicInformation
Coin NameHuman Trust Protocol
Short NameHUB
Circulating Supply176,408,000.00 HUB
Total Supply1,750,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Problems

The rapid and massive consolidation of centralized platforms for social applications and Human Trust Protocol marketplaces has led to several common problems of trust between strangers who are engaged in both interactions and transactions. Interactions between strangers already number in the hundreds of billions every day. In terms of transactions, it is estimated that by 2020 the number of transactions on the Internet will reach 450 billion per day.

Scenarios where trust cannot be assumed result in lost opportunities for these interactions and transactions, increase the incidence of bad outcomes, and drive up cost and process friction. The challenges from the lack of trust will only get worse as people increasingly turn to the Internet for more interactions.

Dunbar Number and Trust-At-A-Distance

A convenient way to understand the problem is a proposed cognitive limit on stable relationships known as the Dunbar number. Anthropologist Robin Dunbar theorized that the average person could maintain at most 150 social connections, an observation that came to be known as the Dunbar number. This group of connections forms a user’s most trusted network and is a source of valuable interactions.

Human Trust Protocol Internet applications have increased the number of potentially accessible contacts to billions of people, they have done little to secure trust with these strangers, leaving users to assume the entirety of the risk when interacting with strangers.

Bad Information, Too Much Information

Many interactions on the Internet begin with people sharing information with others. Decisions are made with the help of information, but bad content from potentially malicious sources leads to faulty decisions. Consider the impact of social networks on political movements and their recent role in electoral processes.

Human Trust Protocol Social systems are filled with “free-riders” including spammers who offer low-quality information in the form of scams, fake news and fake ads. Email is the largest messaging platform with 3.7 billion users and 226 billion messages per day, yet it is the one most notably absent of any facilitation of trust between users.

Transactions At Risk

Information leads to decisions on transaction opportunities, and the need for trust is even greater here. Human Trust Protocol As the desire to perform transactions online increases, more systems, especially successful legacy systems, are at the most risk of inflicting damage to users who continue to rely on them.

Interactions and transactions are “off-platform” and “off-chain” with all their associated risks and high costs to mitigate them—as users move to phone calls and face-to-face meetings to consummate transactions with the hope that their assumption of trust will somehow be met.