Bitrated Overview
Bitrated offers a trust platform for the cryptocurrency economy. The company provides fraud prevention and consumer protection mechanisms for Bitcoin and other cryptocurrencies based on an innovative identity- and reputation-management system, and by utilizing blockchain technology to allow for payment reversibility and smart arbitration contracts. The companys goal is to provide cryptocurrencies with tools designed to enable the market to self-regulate using user reputation, smart contracts, and a voluntary but binding arbitration process.
Cumulative Funding Raised Over Time ($)
—Jan 2014
Latest News
This Is HODL.voting: Voting With Your Bitcoins but Better
growth-positive
Bitcoin Company Bitrated Tries to Restore Trust in Bitcoin
Bitrated, an Israeli startup, is aiming to restore trust in bitcoin transactions by creating a platform that enhances security while maintaining anonymity. The company currently operates a reputation management system, a multi-signature verification for payments, and an arbitrated marketplace that allows for payment reversals. Bitrated also uses trust scores, or Bitrating, to gauge the trustworthiness of users. This is determined through an algorithm that uses information from the client’s social media profile. The companys founder, Nadav Ivgi, hopes to leverage existing social media accounts to add security features and reputability to transactions.
Customers
growth-positive
How Bitrated Wants to Put the Trust Back in Bitcoin
Bitrated, an Israeli-based trust platform for bitcoin transactions, has upgraded its service to provide fraud prevention and consumer protection mechanisms. The platform operates on three levels: a reputation management system, a multi-signature payment system, and an arbitrated marketplace. The reputation system is based on reviews, a web of trust, and users online presence. Registered users can make reversible e-commerce transactions using 2-of-3 multisig smart contracts. Trust agents act as arbitrators and intervene only in case of disputes. Bitrated has almost 2,000 registered users and has processed approximately $80,000 in transaction volume on its arbitrated marketplace. Bitrateds main competitors are OneName and Bonafide. The company plans to become a platform that powers identity and reputation across the cryptocurrency ecosystem.
CustomersPartners
| Sector | Cyber Security |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Mature |
| Rounds | 1 |
| Investors | 1 |
Team Members
1
Employees: 1-10
Web & Social Links
| Website | www.bitrated.com |
Locations
Tel Aviv-Yafo, Israel
Photos & Videos
2 item(s)
Bitrated Business
Business models
B2B2C, B2C
Product stage
Released
Employees
1-10
Sector
Cyber SecurityGRC & VulnerabilityTarget Customer
Commerce & RetailConsumer GoodsCore Technology
Data StorageCDNDLT & BlockchainPlatforms & InterfacesAPITags (10)
bitcoinlegaltechpaymentsweb-platformcryptocurrencytransactionsfintechidentity-verificationanti-fraudblockchainGeographic Markets
GlobalBitrated Financials
Undisclosed
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Mature
Funding stage
1
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
—Jan 2014
Private Equity Funding
Undisclosed Round
Jan 2014
Undisclosed
Meni Rosenfeld
Bitrated Lifecycle
Cumulative Funding Raised Over Time
—Jan 2014
All Events
Undisclosed Round
Jan 2014
Undisclosed
Meni Rosenfeld
Bitrated News
3 articlesThis Is HODL.voting: Voting With Your Bitcoins but Better
growth-positive
Bitcoin Company Bitrated Tries to Restore Trust in Bitcoin
Bitrated, an Israeli startup, is aiming to restore trust in bitcoin transactions by creating a platform that enhances security while maintaining anonymity. The company currently operates a reputation management system, a multi-signature verification for payments, and an arbitrated marketplace that allows for payment reversals. Bitrated also uses trust scores, or Bitrating, to gauge the trustworthiness of users. This is determined through an algorithm that uses information from the client’s social media profile. The companys founder, Nadav Ivgi, hopes to leverage existing social media accounts to add security features and reputability to transactions.
Customers
growth-positive
How Bitrated Wants to Put the Trust Back in Bitcoin
Bitrated, an Israeli-based trust platform for bitcoin transactions, has upgraded its service to provide fraud prevention and consumer protection mechanisms. The platform operates on three levels: a reputation management system, a multi-signature payment system, and an arbitrated marketplace. The reputation system is based on reviews, a web of trust, and users online presence. Registered users can make reversible e-commerce transactions using 2-of-3 multisig smart contracts. Trust agents act as arbitrators and intervene only in case of disputes. Bitrated has almost 2,000 registered users and has processed approximately $80,000 in transaction volume on its arbitrated marketplace. Bitrateds main competitors are OneName and Bonafide. The company plans to become a platform that powers identity and reputation across the cryptocurrency ecosystem.
CustomersPartners
Bitrated Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 2 |
| Team members | 1 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 9 classification IDs that could be used for matching.
Bitrated Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 92/100 |
| Missing | markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515093250 |
| Crunchbase | bitrated |
| Creator | Rebecca Mack |
| Creator email | rebeccamack26@gmail.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2023-02-08T00:00:00.000Z |
| Created | 2014-07-08T00:00:00.000Z |