FORTY SEVEN-Modern universal Bank for crypto users

Forty Seven Bank is innovative financial technology start-up
aiming to provide high quality, secure and user-friendly banking
services for individual and institutional consumers, which will be
fully recognised by the financial authorities and compliant with
regulatory framework.

The bank is going to be specialising in digital finance services by
fully supporting cryptocurrencies and traditional fiat currencies.
Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and
current accounts.

Multi-Asset Account will be one of the featured innovative products oered by Forty Seven Bank it will allow customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in

cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.

We will oer unique crypto products like bonds, futures and options. Our goal is to invent such market place and take the leading position in both short and long-term perspectives. Companies will be able to attract finances via product invented by Forty Seven Bank — Cryptobonds. Cryptobonds will be traded on

various exchange platforms (mainly at the one developed by Forty Seven Bank).

What is Forty Seven ?

Forty Seven is a unique project built to create a modern universal bank both for users of cryptocurrencies and adherents of the traditional monetary system; a bank that will be acknowledged by international financial organisations; a bank that will correspond to all the requirements of regulators.

A team of professionals from the worlds of banking, finance, and IT with expertise and experience in the creation and licensing of payment systems, and building of electronic financial institutions will work to realise the goals of the project.

Our bank will become the biggest structure that corresponds to all the requirements of regulators and the EU Payment Services Directive 2 (PSD2). We will comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) policies in order to guard against agents of the “grey” market.

Forty Seven is based on three principles: relevance, convenience, and security. Our specialists use up-to-date technological developments such as blockchain, biometrics, smart contracts, machine learning and many others. If you are interested in the specific details of our establishment and creation of a hi-tech bank, please see the following documents.

Mission of Forty Seven Bank

The mission of Forty Seven Bank and management team is to provide safe, innovative and user-friendly financial services and products to our customers individuals, businesses, developers, traders, financial and governmental institutions.

Forty Seven Bank is a bridge capable of connecting two financial worlds and establishing efficient communication between them, a communication that will open up possibilities to level up the whole modern financial system.

Our values are:

1.Transparency;

2.Financial stability;

3.Effectiveness and user firendly procedures;

4.Security and privacy (data protection);

5.Innovativeness;

6.Customer satisfaction;

7.Market share growth and worldwide expansion;

8.Profit for all stakeholders.

Innovative products for everyone

The featured product is a Multi-Asset Account for private customers with a tied card.

- Remote identification and authorisation based on passport and biometric data

- Unique combination of payment tools — SWIFT, credit and debit cards, e-wallets, secured cryptocurrency payments

- Transactions with any type of cryptocurrency through the bank’s application and with no need to wait for current exchanges. Uploading, withdrawal, and conversion by any pair is available

- Wide range of services including crediting, insuring, invoice presentation, credit/debit card management etc.

- Cross-platform access for clients to manage accounts opened with any European bank that complies with the PSD2 directive

- Convenient and user-friendly UI

- Analysis that helps a client to make the right financial decisions via services of a personal manager created on the basis of machine learning algorithms.

Multi-currency account. With the help of Forty Seven Bank, people living in European countries can easily open multi-currency accounts with their respective cards tied to it. With the help of this, you can easily manage accounts in European banks using convenient interface of an Internet bank or mobile application. Forty Seven Bank customers will be able to receive and send payments, convert currencies, buy and sell cryptocurrencies. Clients may pay with a card in any service centre, withdraw or transfer funds via ATMs.

- An integrated mobile and web-interface to manage accounts opened in any European bank in compliance with the PSD2 directive. On January 13, 2018, PSD2 directive on payment services will enter into force. Its regulations open up new possibilities for the clients. Clients will have access to centralised management of any account opened in person’s name in various EU banks. This solves the problem of bank transfers as well as removes the customer’s need to frequently login into several different financial structures to manage accounts. To use full list of Forty Seven Bank’s services, one needs to enter his European bank account number in the application or on the website and confirm authorised access to it.

- Remote identification and authorisation using passport and biometric data. To become a client of Forty Seven, one needs to visit bank’s website or download our application from AppStore. Identification is done online without the need to visit a local bank branch. After a quick procedure, a fully functional account is opened on client’s name and he immediately gets access to modern cryptocurrency services. Client’s payment card is then sent by mail to the address stated in the registration form.

- Analytics that helps clients to make right financial decisions by using services of personal manager developed on the basis of machine learning. FortySeven applications with the convenient and easy-to-use interface are ideal for funds management. Based on automatic analysis of monthly expenditures, they can manage personal and family budget guided by hints and advices obtained from a personal assistant.

- Cryptocurrency transactions within bank’s application. By using mobile applications, clients will be able to buy and sell any type of digital currency at bank’s internal exchange with low fees and a very negligible waiting time. Conversion in any combination, including ‘cryptocurrency — fiat money’ pair is available. Funds may be transferred to any of the connected accounts or a payment card.

- Unique and convenient combination of payment tools. Having a multi-account, clients of Forty Seven Bank will be able to use SWIFT system, credit and debit cards, e-wallets, make secured payments with cryptocurrencies. Clients get access to modern integrated bank service that comprises hi-tech mobile and online-banking, cryptocurrency applications and convenient tool for routine payments, available 24/7 in any part of the world.

Propositions for business

iQeon — Platform PvP Gaming Yang Terdesentralisasi

Apa itu iCeon ?

iCeon adalah platform game terdesentralisasi pertama dimana pemain dapat menghasilkan uang sesuai dengan kecerdasan dan prestasi mereka. Ini akan dikenali dengan menggunakan mata uang internal di ekosistem IQeon, yang setiap saat bisa dikonversi ke kripto mata uang IQeon token (IQN) yang dikeluarkan berdasarkan blockchain Ethereal. IQeon token (IQN) dapat ditukar dengan bebas di bursa kripto yang ada, atau dipindahkan ke uang kertas pada pengakuan kartu MasterCard terhadap kemitraan yang telah mapan dengan bank. IQeon menandakan sebuah organisasi yang memungkinkan integrasi permainan, aplikasi dan layanan berdasarkan kompetisi cerdas antar pengguna, serta aplikasi dan layanan untuk motivasi.

Definisi seputar tentang IQeon :

IQeon merupakan infrastruktur yang memungkinkan integrasi permainan, aplikasi dan layanan berdasarkan kompetisi cerdas antar pengguna, serta aplikasi dan layanan untuk motivasi.Nama “IQeon” tidak dipilih secara kebetulan dan merupakan kombinasi dari dua konsep. Bagian dari nama “IQ” menyiratkan singkatan umum dari istilah “intelligence quotient”. Bagian dari nama “Eon” adalah konsep dari filsafat Yunani kuno, yang berarti zaman, keabadian, generasi.IQeon adalah yang pertama platform dimana pemain bisa mendapatkan uang berkat kecerdasan mereka dan prestasi. Ini akan diwujudkan dengan menggunakan mata uang internal di ekosistem IQeon, yang mana kapanpun dapat dikonversi ke mata uang kripto .Blokir etereum IQeon token (IQN) dapat ditukar dengan bebas pada kripto yang ada.. bursa, atau dapat juga ditransfer ke uang.

Keuntungan bagi masyarakat yang menggunakan platform iQeon ini di antara lainnya :

Ekosistem Umum
Mata uang internal IQeon, yang didapat dalam satu game, bisa digunakan di tempat lain. sungguh luar biasa bukan ini suatu hal yang sangat bagus karena bisa digunakan dimanapun dan

Perlindungan terhadap kecurangan
Penggunaan teknologi blockchain dan kontrak cerdas memastikan bahwa syarat dan ketentuan dari setiap perselisihan dicatat dan tidak berubah dan menjamin pembayaran kemenangan. Penggunaan teknologi blockchain dan kontrak cerdas memastikan bahwa syarat dan ketentuan dari setiap perselisihan dicatat dan tidak berubah dan menjamin pembayaran kemenangan. technology yang sangat aman didunia

Pertukaran mata uang kripto lainya
Dengan menggunakan banyak pertukaran kripto kardiak, token IQeon dapat ditukar dengan mata uang kripto lainnya (bitcoin, litecoin, ethereum, dll.). dan ini juga sungguh menarik karena bisa di tukar dengan mata uang crypto lainnya

Pertumbuhan nilai IQeon
Keterlibatan pengembang pihak ketiga ke dalam ekosistem IQeon dan perluasan lini produk kami sendiri akan menghasilkan pertumbuhan di pemirsa pengguna dan peningkatan permintaan akan token IQeon. ini suatu hal yang bagus bagi pengguna karena masa depan platform ini akan sangat bagus yaitu dengan meningkatkan pasar permintaan akan token IQeon itu sendiri.

Manfaat bagi pengguna platform iQeon tersendiri yaitu :

1. Pengurangan komisi penarikan

Pengurangan biaya penarikan biaya pengembang (dari 30% Google Play dan Apple Store menjadi 10%).

2. API

Ketersediaan API yang memungkinkan integrasi cepat produk Anda ke dalam ekosistem IQeon yang ada.

3. Pemirsa yang solid

Penonton game bersaing dengan token IQeon, yang mudah dikonversi menjadi uang kertas.

4. Legalitas

Penggunaan token IQeon konsisten dengan Pedoman Tinjauan App Store dan Kebijakan Pengembang Google Play.

5. Penggunaan blockchain Ethereal

Teknologi sistem blok menjamin keandalan dan anonimitas semua transaksi pembayaran di sistem IQeon, dan token IQeon sendiri sesuai dengan standar ERC20.

Tanggal token sebelum penjualan rounde 1:

• Mulai — 15 Desember 2017
• Akhir — 24 Desember 2017
• Mata uang yang diterima — ETH

Jumlah token yang akan dijual — 500.000 IQN Nilai tukar Tokens — 1 ETH = 700 IQEON Jumlah transaksi minimal — 3 ETHPra-penjualan (PreICO), round 2 :

1. Mulai 8 Januari 2018
2. Akhir 15 Januari 2018
3. Jumlah token 800.000 IQN
4. Kurs 1 ETH = 550 IQN
5. Mata uang yang dapat diterima ETH, BTC
6. Transaksi minimal 1 ETH

Crowd sale (ICO)

1. Mulai 30 Januari 2018
2. Akhir 13 Maret 2018
3. Jumlah token 5.700.000 IQN
4. Kurs 1 ETH = 325 IQN
5. Mata uang yang dapat diterima ETH, BTC, LTC
6. Transaksi minimal Tidak ada jumlah minimum

Bonus penjualan
waktu pertama : 30%minggu pertama = 25 %minggu kedua = 20%minggu ketiga = 15 %minggu keempat = 10%minggu kelima = 55

Distribusi Token

1. 65% fase inti penjualan token
2. 12% tim proyek
3. 10% bonus dana
4. 6% mitra dan penasihat
5. 5% toke pra-penjualan
6. 2% bounty

Distribusi Dana

1. 60% pengembangan platform
2. 25% pemasaran dan periklanan
3. 8% biaya operasional
4. 4% biaya hukum
5. 3% biaya lainnya

Informasi lanjut seputar iQeon anda bisa hubungin dibawah ini :

Whitepapper : https://api.iqeon.io/documentation/IQeon_Whitepaper_EN.pdf Website : https://iqeon.io/?utm_source=bitcointalk Reddit : https://www.reddit.com/r/IQeon Instagram : https://www.instagram.com/iqeon.io/ Linkendin : https://www.linkedin.com/company/iqeon/ Gmail : https://plus.google.com/+IQeon Vk : https://vk.com/iqeon Steemit : https://steemit.com/@iqeon Facebook : https://www.facebook.com/iqeon/

#IQeon, #IQclash, #Ethereum, IQeonICO Subtitles : Indonesia Writter by :Deniiskandar97 (usernamebitcoin.org) Bitcoin profile : https://bitcointalk.org/index.php?action=profile;u=1770423;sa=summary Eth address Erc20 : 0x6dAAda7710bA09c916bd4f40a7eB3ABef2F45dcc

Gilgamesh Platform — Revolutionary Knowledge-Sharing Platform on Blockchain

First of all you will ask why Gilgamesh? What or who is it? The Gilgamesh platform is named for The Epic of Gilgamesh, conclusively considered the first written story, which dates back to 2000 BC and is written in the Sumerian cuneiform language. This is the oldest written story known to exist and is loosely based on the historical King Gilgamesh who ruled Sumerian Uruk (today it’s Iraq) in 2700 BC. The oldest written version of the poem dates to circa 2000 BC. And cuneiform is one of the earliest forms of writing. In its written form the poem denotes the first marker in the evolution from oral storytelling to the tradition of the written word.

What it is?

Gilgamesh is a self-governing, knowledge-sharing social network platform powered by Ethereum smart contracts, IPFS and blockchain technology to create a secure, fair, and engaging ecosystem that connects readers, critics, authors, and self-publishing service providers to influence the book industry and remove the role of publishers as the middleman between the flow of knowledge from authors to readers.

The Gilgamesh platform is a knowledge-sharing social network powered by the Ethereum blockchain and IPFS that socially connects readers, critics, authors, and service providers, and empowers all users to become more knowledgeable and information-centric through a cohesive and engaging user experience. The platform is a resource for knowledge-seekers to unite and create an organized and infallible outlet that transforms the publishing industry and the way readers interact with one another by using Blockchain technology. The platform is an accessible, fair market ecosystem that incentivizes readers, critics, authors, and service providers with “GIL” Tokens in proportion to their contribution through Ethereum smart contracts.

Phase one of the Gilgamesh platform will focus on organically growing user participation through interactive knowledge-sharing and incentives, and will meet a need in the market for a social platform that allows readers and participants in the book reading tradition, to share knowledge with one another in an interactive way. 

Phase two of the Gilgamesh platform will establish a network that removes the middleman in the publishing industry to garner more financial support for authors and remove the barrier of access for people to transfer and receive information. The selfpublishing platform will replace traditional publishers, the “middleman”, by employing the marketplace power of Ethereum network, blockchain technology, and IPFS. By removing the middleman, society will experience an increase in the flow of knowledge between authors and consumers since more people (authors) will have affordable, unencumbered access to share knowledge, experience, and expertise with readers. 

The Gilgamesh platform is named for The Epic of Gilgamesh, conclusively considered the first written story. The Epic of Gilgamesh dates back to 2000 BC, and is written in the Sumerian cuneiform language. 

The problem :

Books have been our main source of knowledge for thousand of years. However, with the advent of new technologies and the internet, there is no simple, meaningful, and productive platform that encourages book readers and authors to connect, engage, and gain knowledge. Instead, the market is full of stagnant and outdated platforms that no longer satisfy the demands of the book community.

The Solution : 

The Gilgamesh Platform removes the communication barriers established by eliminanting the publisher as a middleman. As a result, the platform gives readers, critics, and authors an opportunity to control the book market. 

Authors can break free a monopolizing business partner (publisher) and gain full control of their.

I think it’s really great idea that creates true and fair interaction between Readers/Critics, Authors, and Service Providers. And Gilgamesh Platform is the world first platform which will do this on blockchain technology through Ethereum smart-contracts and also IPFS technology. IPFS is peer to peer hypermedia protocol and a cryptographic hash that will be used to store critical information such as book files and user information, IPFS is a great match for blockchain based software, we can store large amount of data with IPFS and insert immutable IPFS link into the blockchain transactions or smart contract, this can secure and timestamp our content without having to put the data on the blockchain. 

Why blockchain and the token :

Readers could buy books for GIL tokens, which are internal currency of the platform and which they could earn by their activity or simply buy it through cryptocurrency exchanges where GILs are tradeable.The self-publishing platform will allow for the transfer of GIL between authors and self-publishing service providers and will act as a token earning source for the Gilgamesh platform. Self-publishing service providers include: book designers, copy editors, distributors, book printers, and marketers, who advertise their services on the platform to make valuable connections and earn GIL as income. 

Ethereum smart contracts, IPFS, and blockchain technologies creates a transparent, censorship-free and secure ecosystem for the book market.

Token sale 

Gilgamesh Token Sale is already opened to the public from Jan 15th, 2018 4:00 PM (16:00) UTC and will run for 10 weeks until March 26th, 2018 4:00 PM (16:00) UTC 

GIL Token Distribution 

The GIL Token is a utility token meant to be used only on Gilgamesh Platform and it should not be used for investment, GIL Token is an incentive to boost user engagement, grow the platform organically, raise capital, and create a fair market economy. The GIL Token also represents Governance of the platform, and will give token-holders voting power over platform decisions. 

Token Sale Purchasers: 25% 

Skiral Inc. will utilize a token sale campaign to raise money for the development of Gilgamesh Platform. Token sale purchasers can gain influence in the governance of the Gilgamesh platform, spend tokens on the platform on goods and services, or maintain their initial status to vote and influence the Gilgamesh platform for future features and changes. 

Founders: 20% 

The Gilgamesh platform will be built by a core team of developers and programmers over the course of several years. To reward past work and stimulate progress, the founders and early contributors will be given GIL Tokens as a reward and to acquire governance power over the platform. 

Founders will receive GIL tokens over a 24-months vesting period with a 6-month cliff which means founders will mature 25% of their GIL tokens every 6 months. 

Early contributors & Advisors: 5% 

Early contributors will receive GIL tokens over a 6-month vesting period with a 3-month cliff, which means early contributors mature 50% of GIL tokens at the end of the third month and the remaining 50% at the end of the sixth month. 

Advisors will receive GIL tokens over a 1-year vesting period with a 6-month cliff which means advisors will mature 50% of their GIL tokens every 6 months. 

Retained by Gilgamesh: 20% 

The GIL Tokens will initially be locked and withheld for 18 months after the token sale from the platform and disbursed slowly for future growth and to sustain the GIL ecosystem through platform operations, research and development, and product discovery and expansion. 

Users in the Gilgamesh Platform: 30%

GIL tokens will be retained for distribution to users based on productive contributions to the platform. however, every year 5% of tokens will be injected to the platform for 6 years, afterwards it's expected that Gilgamesh Platform earns enough tokens to pay GIL tokens for platform users. The tokens can be used to buy goods or services such as books or publishing services on the platform or can be held by users for voting power to govern the platform. 

 Token Distribution Details :

• Total tokens for sale: 60,000,000 GIL Tokens
• Start block: will be announced a day before the token sale
• End block: will be announced a day before the token sale
• Estimated start date: Jan 15th, 2018 4:00 PM (16:00) UTC
• Estimated end date: March 26th, 2018 4:00 PM (16:00) UTC
• Duration: 70 Days — 10 Weeks
• Token exchange rate: will be announced a day before the token sale
• Hard cap: Approximate $60M
• Total tokens for sale: 60 Million GIL Tokens
• Minimum transaction amount: 0.1 ETH
• Accepted currencies: Only ETH
• Github Link: https://github.com/skiral/gilgamesh-token-contract
• Token Type: ERC20 Standard14. Soft Cap: To be Announced

Participants who purchase GIL tokens in the first weeks receive additional 27% bonus tokens Bonuses :

Week 1:  27% additional

Week 2: 24% additional

Week 3: 21% additional

Week 4: 18% additional

Week 5: 15% additional

Week 6: 12% additional

Week 7: 9% additional

Week 8: 6% additional

Week 9: 3% additional

The Gilgamesh Platform Roadmap 

More Information see on link below : 

Website: https://www.gilgameshplatform.com/
Whitepaper: https://blog.gilgameshplatform.com/gilgamesh-white-paper-9998a1133ac0
Twitter: https://twitter.com/GilPlatform
Facebook: https://www.facebook.com/gilgameshplatform/
Github: https://github.com/skiral
Telegram: https://t.me/GilgameshPlatform 

Authors/Written by Profile : https://bitcointalk.org/index.php?action=profile;u=1770423;sa=summary
ETH address : 0x6dAAda7710bA09c916bd4f40a7eB3ABef2F45dcc

Credito-Network A Decentralized Global Financial Decisioning Platform

Credito-Network A Decentralized Global Financial Decisioning Platform

Credito is a decentralized global financial decisioning platform to help financial institutions to assess the creditworthiness of an individual or an entity. Credito Score can also be given to people without a credit history or a bank account. Credito Transaction Scores help the institutions to identify and prevent financial fraud.

The offerings of the platform:

Credito Score:

A dynamic marker of a person’s probability to repay a specific loan amount.

A dynamic marker of a person’s probability to repay a specific loan amount and is generated based on the anonymized transaction history of the borrower from various alternative data providers. The uses of anonymised transaction data in scoring for credit risk can increase the predictive accuracy of risk management by identify patterns of behaviour. Transaction scoring helps to gain a deep and clear understanding into their customers’ behaviour. As more banks and financial institutions trail the blockchain, Credito could become standard fare in the future for established players such as large corporations, governments, and central banks.

Credito Scores are by default dynamic and specific to a particular transaction. For example, a person’s loan request for $10K with transactional average of $100K over a year would be scored less risky vs the same person’s loan request of $50K.

Credito provides smarter scores to third parties like banks and other financial institutions in exchange for anonymized transactional data, with the transactional data, scoring models classifies them with various identified Risk Profiles and Risk variables. Transaction Profiles are adjusted based on a customer’s activity relating them to the regional spending patterns, and individualized to each customer Optimized recursive Risk variables.

Credito Transaction Score:

The probability of that transaction being fraudulent, generated in real-time.

Credito transaction score is the probability of that transaction being fraudulent, this is generated in real-time and is derived from transactional fraud analytics, which combines analytic technology and techniques to help detect potential improper transactions, such as those based on fraud and/or bribery, either before the transactions are completed or after they occur.

These days, nearly everyone engaged in fraud leaves behind a trail of digital fingerprints. This presents a big opportunity to prevent further harm, but it is often only considered after the damage has been done. Credito constantly evolves and learns from the new data breaches identified every day, and incorporates the knowledge in calculating transaction scores.

Credito utilises anomaly detection and rules-based methods to combat fraud and corruption. Not only can analytics tools enhance rules-based testing methods, but they can also help measure performance to standardize and help fine tune controls for constant improvement.

CreDApp:

A decentralized peer to peer crypto collateralized crypto lending platform.

Decentralization provides more security and trust. It is a method to organise anything in a way that does not require trust on third parties. The trust is eliminated by executing code that does not require centralized governance, management, or servers. By decentralizing lending, we do not require banks or any other intermediaries for conducting a loan transaction.

Decentralization through the use of Smart Contracts also removes any trust requirement between borrowers and lenders, providing a trustless and transparent lending environment unavailable in today’s market.

Credito is Transparent

Today when you make any transaction through the banking system, you do not have access to the ledger.

Ethereum network provides an immutable ledger, where every transaction is recorded and is always open for inspection. Any transaction that is deployed on Ethereum blockchain could be explored through block explorers.

The transparent ledger removes the trust that normally one would need to have when making a transaction between two banking institutions. In a banking system, the sender has to trust the receiver and vice versa. One needs a receipt of payment to confirm payment.

However, such receipt is not protected against forgery. Therefore, you cannot check whether your counterpart has received the transaction which can create friction and uncertainty.

Credito Analytic Engine

Credito scores aim to de-risk the investor’s investment and the borrowers’ credit score. Credito scores are generated by Credito Analytic Engine, a self-learning algorithm using a continual feedback loop with the help of Big Data analytics, Machine learning, and Artificial Intelligence, offering a score which acts as a dynamic marker of a person’s probability to repay a loan amount, which evolves with the client’s record of loan repayment.

Identity Verification

Registration and Identity Verification is a prerequisite to access the services provided by Credito. Complete documentary evidence of their identity is required, with the information used to do a Know Your Customer (KYC) and Anti-Money Laundering (AML) screening.

The identity will verified against various public and private sources like · Data feeds from centralized Credit Agencies · Public records · Social media · Professional profiles This cross verification disables duplicate registrations by the same user and secures the Credito network.

Once the identity has been verified, it is hashed and stored in the IPFS by linking the individual’s credit score. Storing the data in IPFS makes it permanent and reusable, removing the need for customers to verify for each new loan application, thereby speeding up the entire process.

Risk Variables and Risk Profiles

Risk Variables are the core of the Credito Network’s modeling power. It is crucial that an easily maintainable library of Risk Variables is generated. The primary goal of is to increase the overall efficiency of this self-calibrating scoring model.

• Patterns of behaviour.
• Location of spending, like merchant info, POS etc.
• Preferred online merchants or websites.
• Recent spending trends and deviations.
• Significant spending activities.
• Repeat purchases and / or attempts.
• Time of the transactions.
• Device information of the transactions originated, like mobile, desktop etc

Risk Profiles are updated by every transaction. The most recent and relevant information is used to make predictions and informed decisions.

Earlier identification of changes in customer behaviour and allows timely scoring decisions.

Risk Profiles keep a track of risk variables which are dynamically updated during the scoring process using a feedback loop that tracks the actions taken by the customer correlated to pre-categorized data.

Credito Analytic Engine Architecture

Credito uses IPFS9 to store the encrypted data. IPFS can work in partitioned networks, and does not need a stable connection to the rest of the web in order to access content. Even if a node fails, it only takes one node adding the content in order to restore availability, removing reliance on a single point of failure. Files on IPFS are content addressed (hash of the file contents) providing versioning guarantees.

Credito synchronizes data across sources, combining merchant data from activity across banks, ensuring account models are complete, continuous offline processing is separated from real-time scoring. Credito Scoring provides real-time transaction scoring abilities and Collector simply passes transactions to the IPFS without scoring.

On-demand Decentralized Analytics

Credito Analytic Engine is continually evolving, reporting a detailed insight of the transaction trends and patterns, as well as providing on-demand decentralized analytics to third parties, such as banks, financial institutions, and data scientists.

On-Chain Off-Chain Components

Credito maintains two on-chain contracts “Credito Scoring Contract” and “Credito Leasing Contract” which we refer to as Scoring Contract and Leasing Contract respectively.

The Scoring Contract has 2 primary functions:

1. Responding to individual credit score requests
2. Validating third party transaction scoring requests. Moreover, it also keeps track of the credits balance and usage metrics.

The Leasing Contract is responsible for monitoring the analytic node network’s metrics and allocating nodes to the Scoring Contract requests.

For any given analytic node, the Leasing Contract monitors the following metrics:

1. Total number of assigned requests: The total number of past requests that a node has agreed to, both fulfilled and unfulfilled.
2. Total number of completed requests: The total number of past requests that a node has fulfilled. This can be averaged over number of requests assigned to calculate completion rate.
3. Average time to respond: The timeliness of the node’s responses which is an indicator of the nodes efficiency. Average response time is calculated based on completed requests.
4. Node reputation: The reputation of the node based on previous scored transactions. All nodes verify and vote each other’s scores, if the majority of the nodes return an identical value, the node become trustworthy. This reputation system helps to identify and remove faulty nodes from the network.

Credito will be a beneficiary of the network effect — each and every transaction will add intelligence and value to the network.

1. Credito can be configured to report live transaction scores alongside a detailed report which could be helpful in: Detecting anomalies during transactions.
2. Immediately blocking attempts by recognised fraudsters.
3. Freezing accounts or cards temporarily until transactions are verified with the owner.
4. Protecting against country-specific risks.

Credito provides a third party API for the use of Credito Analytic Engine. This API can be integrated into their existing infrastructure to customize reports, select modeling preferences, and to emphasize risk profiles and variables that need to be weighed Credito encourages external node operators to become a part of the Credito Network and incentivizes them with credits. The following figure shows the interaction overview :

CreDApp (The Decentralized App)

The CreDApp is decentralized marketplace serving as an interface for lenders and borrowers. Unlike traditional applications where the backend code is running on centralized servers, a DApp runs on a decentralized peer-to-peer network. CreDApp guarantees trust and transparency thereby eliminating the need of third party intermediaries. A typical DApp is laid out below10.

With a vast database of verified and scored applicants within Credito, CreDApp provides a platform for lending that will encourage smaller and online lenders to get up and running in no time, saving them time and effort of identifying and verifying each customer, enabling more competitive loans and products to be provided to customers. CreDApp encourages lending without borders, means that anyone can agree to lend to anyone anywhere. Small and medium investors can combine their portfolio and start lending immediately with zero initial costs.

The Maker-Taker Lending Model

CreDApp implements Maker-Taker model, to complete a loan agreement Smart Contract. It reduces the friction on the Ethereum blockchain as the order processing is done off-chain and the settlement is done on-chain, minimizing costs because transactions only occur when value is being transferred.

*Employee allocation will have a vesting period of 12 months, 25% vesting each quarter, with a 6 month cliff. Allocation will be proportional to the tenure of each employee by the date of token sale. *Credito Foundation allocation will have a vesting period of 12 months.

The loan agreement process:

1. Maker creates a credit order in the CreDApp requesting a loan by pledging Token A as collateral for Token B, specifying a desired interest rate, LVR, expiration time, and signs the request.
2. CreDApp attaches the dynamic Credito report of the Maker to the request, verifies the Maker has enough Token A and freezes them until the loan is serviced or the credit request expires, and broadcasts the request over Credito.
3. Taker intercepts the request and decides that they would like to fill it.
4. Taker submits the makers signed request to the Credito with his signature.
5. The Credito authenticates Maker signature, verifies that the request has not expired and has not already been fulfilled, then creates a smart collateral management contract by transferring the collateral to the smart contract.
6. CreDApp stores and executes the smart contract on Ethereum blockchain and Token B will be transferred from Taker to Maker.

Credits — The Credito Network Token

Credits are ERC20 tokens which serve as the currency, governance mechanism and rewarding system with in Credito. Credito will be able to set prices and receive payment for their services in the form of Credits.

Token distribution

In order to undertake further development, Credito will conduct a one-off Token Generation Event (“TGE”) and crowd sale of Credits, where 50 % of the Tokens will be made available for public sale. The start date of the TGE will be announced soon, and it will allocate a total Credits supply of 1 billion as follows :

Projected use of funds

*thank you for your attention, may be useful for those who read this article.

For more information visit :

Website: https://credito.io/
Whitepaper: https://credito.io/pdf/whitepaper.pdf
Announcement: https://bitcointalk.org/index.php?topic=2483679.0
Facebook: https://www.facebook.com/CreditoNetwork
Twitter: https://twitter.com/CreditoNetwork
LinkedIn: https://www.linkedin.com/company/credito-network

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