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What Is Taraxa (TARA)?
Taraxa is a public ledger platform developed to audit the logging of informal transactions. Informal transactional data is the data that is not recorded in legal documents or structured systems and is not verifiable. Taraxa is designed to help businesses make better and more responsive decisions. Taraxa gives every entity a verifiable reputation by making informal transactions trustworthy, and eradicating operational friction. Thus, Taraxa helps to make the world more innovative and productive.
Taraxa aims to make 80 percent of wasted transactional data valuable, well structured in legal documents and help everyone to streamline their operations. The vision of Taraxa is to democratize reputation by tracking informal transactions. By making informal data, trustworthy Taraxa empowers minor participants to have a trusted reputation with rich context and removes friction from business collaborations.
Popular entities have a trustworthy reputation, whereas most people struggle to establish or prove their reputations to others. As organizations or projects scale, they cannot trust the informal data because most stakeholders do not witness it directly, leading to downfall. Taraxa offers purpose-built technology to resolve the problem mentioned above.