In principle, it's an interesting (and positive) suggestion, and I'm broadly in 
favour of it.

Initial concerns that come to mind that would need to be overcome:

a) Users come from different corners of the globe, each country with different 
regulatory framework, legislation, etc. What's legal in one person's country 
might be illegal in another. In the UK, for example, you may find that 
submitting information to a service like this might land you in breach of the 
Data Protection Act. At the very least, each participant would need to seek 
independent legal advice before they could participate.

b) In some jurisdictions, credit reference agencies have to be authorized by a 
regulator. A system like this would need to make sure that it didn't cross that 
line into credit reference agency territory.

c) In some cases (and in some jurisdictions), posting information onto a site 
like this might be considered defamation. If a large company with $megabucks to 
pay a legal team rips off a small company, the latter might be unwilling to 
post this information for fear of legal reprisals. Again, it depends on 
jurisdiction, but here in the UK "but what I said is true" is a risky defence 
to run against a defamation claim.

d) On a practical note, one of the common elements for scammers seems to be an 
ability to change company name and details on a regular basis (usually prior to 
trying the same scam with somewhere else). There would need to be a way of 
linking miscreants together (possibly lookups on the list of directors for 
common names between companies, for example?).

Point (c) can largely be resolved through anonynimity, but I think thought 
would need to be given to (a) and (b).

Regards,

Chris
-- 
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