Credit - A decentralized credit intelligence network in Blockchain

Credito is building a Credit Intelligence Network for the credit industry to prevent Credit Risk by identifying fraudulent transactions as they happen, allowing the industry to make informed decisions.Although financial institutions are usually known as one of the most strictly regulated sectors, they are still a target for scammers. The consequences of fraud are not insignificant, resulting in financial difficulties for both banks and customers. While financial institutions are active in seeking to identify fraud and reduce the costs of fraud, they still lack a true global intelligence of all known frauds and compromises.

Credito is introducing a decentralized guaranteed loan market and allows connections between lenders and borrowers located anywhere in the world. This eliminates physical limitations and reduces the costs of traditional loans and management fees, thus creating a better credit market than any other available today.

Decentralization provides more security and confidence. It is a method to organize anything in a way that does not require trust in third parties. Confidence is eliminated when executing a code that does not require centralized administration, administration or servers.By decentralizing loans, we do not require banks or any other intermediary to make a loan transaction.

Decentralization through the use of Smart Contracts also eliminates any requirement of trust between borrowers and lenders, providing a transparent and untrustworthy credit environment that is not available in the current market.

Smart contracts achieve this through their predefined parameters that eliminate the need for trust between the participating parties. They are also completely transparent and visible by anyone who uses an Ethereum block scanner.

=   Credito Design Principles and Values   =

Decentralization.

Decentralization is not only the basis of the tamperproof properties of the blockchains, it is the basis of its nature without permits. By continuing to build decentralized systems, our goal is to allow even more development without permits within Credit. We believe that decentralization is a crucial component for a prosperous ecosystem worldwide with long-term sustainability.
Modularity for a simple and flexible system design.

We appreciate the philosophy of building small tools that do one thing well. Simple components can be easily reasoned and, therefore, combined safely in larger systems.We believe that modularity not only allows for updatable systems, but also facilitates decentralization.
Safe, transparent and extensible systems.

Credit is built for the community. We value the community and will continually participate with data scientists, domain experts, academics and security experts for peer review. We encourage tests, audits and formal security tests, all with the aim of creating a platform whose strength and security can support future innovations.

Website: https://credito.io/

Whitepaper: https://credito.io/pdf/whitepaper.pdf

Facebook: https://www.facebook.com/CreditoNetwork

Twitter: https://twitter.com/CreditoNetwork

My Profile : https://bitcointalk.org/index.php?action=profile;u=1294070

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