CREDITO — A Decentralized And Transparent Credit Platform
is a decentralized credit intelligence network that delivers credit scores, transaction value and loan markets supported by Ethereal Blockchain, Smart Contracts and IPFS, enhancing transparency and reliability. Credito brings financial inclusion to
Invisible Credit by providing accurate and reliable credit score.
Teenagers who are relatively high are invisible or unregistered credits. This is not surprising because they do not have much time to build credit history. For some, however, it does not build credit because young adults can pave the way for lifetime credit ignorance. People who have no credit score or credit history may find it more difficult to rent an apartment, buy a car, buy a house and of course get a credit card. In short, this excludes them from many ordinary financial transactions.
What is the need for a decentralized and transparent credit information platform
Regardless of the efforts of banks, card issuers and merchants, credit card fraud continues to grow faster than credit card spending. Data breaches have resulted in a compromise of more details about the card, and the growth of online shopping has led to more opportunities for fraud via e-commerce. According to a 2016 report by Nilson1, credit card fraud losses reached $ 21.8 billion in 2015, an increase of 162% from 2010’s $ 8 billion. Losses for 2016 are already estimated at more than $ 24 billion, and this loss is expected to reach $ 31 billion by 2020.
peer to peer platforms (p2p)
is one of the fastest growing segments in the financial services space. Alternative financial markets have gained popularity in recent years. A finding from Transparency Market Research shows that “the opportunities in the global peer-to-peer market will be worth $ 898 billion by 2024, up from $ 26 billion by 2015. The market is expected to grow at a CAGR of 48% between 2016 and 2024.
of Transparency Market Research shows that “the opportunities in the global peer-to-peer market will be worth $ 898 billion by 2024, up from $ 26 billion by 2015. The market is expected to grow at a CAGR of 48% between 2016 and 2024.2” P2P continues to face the risk of default and cheating practices, growth prospects in this segment remain strong, especially as the banking sector continues to struggle with continuous damage. Thus, a decentralized and transparent credit platform offers lenders, borrowers and financial institutions a good opportunity to reduce their risks.
How about Credito solution?
Credito transparent credit leverages the transparency of the blockchain registry by monitoring the activities of borrowers and creditors to prevent any other party from exceeding their expectations. For example, this will be used to prevent the borrower from obtaining multiple loans from different lenders so that he is likely to default.
is a self-governing agreement with the terms of the agreement between the Lender and the Borrower, which is directly written in a line of code, which increases transparency and regulation. The codes and their chords are in the decentralized decentralized network. Loan agreements can be made between different parties and without a name without. They make transactions traceable, transparent and irreversible
is “without trust” Credito will avoid the risks associated with third parties and eliminate the need to trust the opposing party.When the borrower rises to the Credito network, the opponent can not manipulate or. Releasing the risk of an adversary or a third party is essential to avoid unfair and undesirable behavior.
Analytical credit machine
Credit value for investment investor and borrower’s credit.
Credit scores generated by Credito Analytic Engine, self-learning algorithms use persistent feedback using Big Data Analytics, Machine Learning and Artificial Intelligence, which offer scores that act as dynamic probability markers. the number of accounts, which develops with the client’s loan repayment file.
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