Although designed to be used as portals for communication and relationship building, the noise created by the vast flow of information on social media is difficult to curb. Not to be forgotten are unwanted messages, privacy threats and the threat of identity theft. So what if social networking is rewarded for social interaction and community building? One of them, Steemit, has its own cryptocurrency, STEEM, which is used to reward users for sharing messages that make an impact . Users are paid based on votes, which gives a reasonable representation of the user’s influence in the community.
Indorse is another social network that can be seen as a counterpart to LinkedIn. It rewards users for getting “approval” from experts on a platform that uses Ethereum cryptocurrency. In the near future, the platform will provide smart contracts.