Luxy has joined the decentralized network LoveBlock.one, to upgrade its security capabilities through the LoveBlock blockchain infrastructure.
LoveBlock.one, a decentralized database for dating, has announced that dating platform Luxy will be the first application to join the LoveBlock network.
Luxy is the leading high-end dating platform for high net-worth individuals, where security and privacy matters are taken very seriously. Luxy has one of the strictest verification methods in the industry and so by joining LoveBlock, this will allow for a higher rate of accuracy in removing fraudulent profiles.
By joining the LoveBlock.one blockchain, Luxy can also drastically improve the security offering to its customers, which can be assured by the immutable, decentralized characteristics of blockchain technology.
LoveBlock.one is introducing verification and anti-fraud methods based on the blockchain and ultimately will link dating providers via its DApp network.
“For quite some time we are monitoring the latest evolutions in Blockchain,” said Raffael Krause, founder of LoveBlock. “Since every dating app or website is confronted with the phenomenon of ‘Love Scamming’ we were looking for the best and most secure solution to eliminate any fraudulent activity. Love Scammers usually operate with dozens of different profiles on more than one dating platform. Closing one account will make this person return with a different name and linked social media account within an hour. Not only will Luxy be able to boost its security arrangements but all other dating service providers can also join onto LoveBlock.”
Participating platforms must verify their users in order to contribute with valuable data. This ensures only real people are creating individual profiles. This information will be encrypted and saved on the blockchain. If fraud or other illegal activity is detected, the individual user can be securely and accurately identified. This completely encrypted information can then be shared with other dating platforms on LoveBlock to earn tokens and rid all platforms of fraudsters. This totally encrypted data will honor personal rights but will allow for the elimination of criminal actions in the whole dating industry.
To facilitate decentralized interaction on the LoveBlock Blockchain, LoveBlock.one is establishing its own token DDD; an abbreviation of LoveBlock’s core description – Decentralized Database for Dating.
By partnering with LoveBlock.one, Luxy will accept DDD Tokens for purchases of all membership subscriptions. Also, DDD tokens will be convertible to Luxy Credits, for direct coin purchases on Luxy. Luxy as well allows its members to pay with Bitcoin via its website, signaling the increasing importance of cryptocurrencies.