Mercle

Mercle envisions to create a decentralized web3 identity/reputation data layer for web3 dapps. It allows dapps to issue attestations for both on-chain and off-chain user activities. The architectural core of Mercle provides a foundation for decentralized identities, which can be used for  better governance, efficient coordination, smart token rewards distribution, and even as a reputation tool, where any dapp can tap into Mercle to determine a web3 user’s reputation, globally as well as in a certain community.

Trust is pivotal, be it a financial deal or an online chat. With Mercle, anyone can vouch for anything, either on-chain or off-chain, using registered or existing schemas. We envision an open-source attestation platform promoting transparency and trust.

Mercle’s identity data network can be used:-

• To solve for on-chain reputation.
• To solve the cold start problem for new dapps.
• To create new and novel incentive mechanisms on top of existing reputations.
• To decentralize governance through access control rather than just tokens
• And many more!