BlockMason Credit Protocol BCPT

$0.1047
Market Cap $ 9.490 MM (#380)
24h Volume $ 711.436 K
Chg. 24h: 0.84%
Algo. score 3.2/5  (#441)
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BlockMason Credit Protocol project purpose and description

BlockMason Credit Protocol clarity of purpose

BlockMason Credit Protocol purpose and aspects

The current credit system has big corporations deciding to give credit to individuals on their own (the companies) terms. Blockmason aims at putting the power of credit back in the hands of individuals as well as allowing applications to be built using its Credit Protocol.

BlockMason Credit Protocol additional differentiation against competition

Using its protocol, developers are able to create dApps and use the decentralized credit data from BlockMason therefore, it not only democratizes the credit system but also, gives open access to services built on/with it.

BlockMason Credit Protocol categories

Decentralized banking

Short description

The Credit Protocol is a system for permanently recording ledgers of debts and credits between parties using the Ethereum blockchain. It guarantees the permanence and reliability of records stored, as well as enforcing specified smart contract properties such as the confirmation of credits by participating parties and the verification of the identities of contracting parties by way of cryptographic signatures.

Abstract

n/a

Link to Roadmap: https://blockmason.io/cp-whitepaper/credit-protocol-lndr-roadmap/
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