Welcome to team Philosoraptor’s development blog. Below you will find a brief for the project we chose as well as our intended workflow. Please use the menu system above for our development blog and more detailed information on specific sections. You can see all the Posts in chronological order by selecting ‘posts’ or you can see them in more logical categories by selecting ‘Time Line’. There is also an Index Page for the Blog with links to all the categories

Group 5: Project Brief

Method:

Team Philosoraptor will be building a project with two distinct but interdependent deliverables. The first is a trust framework deploying an innovative algorithmic approach to the issue of trust in an online community. This trust framework (the mechanics of which we generally refer to as the trust machine) will form the cornerstone of the second deliverable, which is an online social network. This network will focus on the highly contentious (especially with regards to issues of trust) field of online marketing. By demonstrating that our social network can carve out a clear niche in the market by using trust as a Unique Selling Point we will have established the value and validity of the previously mentioned trust framework.

Investor Pitch:

The Buccaneer Network will be pitched as a social network for online marketers and will generate income through the standard advertising approach, but with a higher yield per visitor. The latter will be achieved by functionality geared towards user retention beyond that of the competition. The key USP for this network is the trust framework that underpins it. This trust framework, once demonstrated via The Buccaneer Network, will then become the main product and licencing fees charged to other users is expected to handily outstrip the cashflow generated by the niche social network.