Automated Trust Verification for Online Marketplaces
Developing an AI-powered automated trust verification system for online marketplaces to reduce fraud and build trust among buyers and sellers. Utilizing advanced algorithms and machine learning, the platform would analyze user profiles, transaction history, reviews, and other relevant data to generate trust scores. This would help users make informed decisions and mitigate risks. Market size: According to a report by Statista, the global online marketplace market size was estimated at $2.03 trillion in 2019 and is expected to reach $7.92 trillion by 2025.