We’re very thrilled to announce that our Colendi Mobile ÐApp is now available for iOS and Android. It is available for all the people who can start using our native ÐApp after downloading and registering by filling out the form in the app. Both iOS and Android users can directly download it from their application stores by simply clicking on the LINK.
Our native mobile application was firstly introduced by our team in Webrazzi Fintech conference in December 2018. As in the earlier alpha web application, beta users were selected and invited to create their digital and self-sovereign Colendi ID. In this version, the Colendi ÐApp is open to the public for the first time and every user is invited to the Colendi network and create decentralized Colendi ID. Users can follow the steps described in our previous blog and create their profile in the application.
By installing the Colendi ÐApp, you’ll be able to create your decentralized digital identity and calculate your Colendi Score generated by Colendi’s machine learning based algorithms and with your data sources.
The highlights and key benefits of Colendi are:
- Alternative Credit Score: You can access your alternative credit score (Colendi Score) while connecting your data sources like social media attestations or survey answers,
- Secure and Global Identity: You can have a unique, secure and universal identity by registering in the Colendi Application. You can access all sorts of financial benefits around the world with your Colendi ID,
- Your Data, Your Control: We encrypt your data cryptographically and grant you the complete control of your own data. This way, we prevent any data breaches or leak of any kind of information, and we offer a completely secure identity and credit scoring application,
- Share Your Score: You can share your score with the others to gain access to their financing offers.
At this point, we’d like to remind you that when you first open the Colendi Mobile ÐApp, even though you may have an earlier account, you are required to create a new account since Colendi team has made certain updates to the smart contracts to adapt cryptographic improvements for security enhancements.
Why Colendi ÐApp?
As can be understood from the technical infrastructure of Colendi ÐApp, it’s the most prominent advantage is to enable users to create a more robust decentralized credit score, and thus more reliable credit history. This precisely contributes to the creditworthiness of especially un/underbanked people excluded from the formal financial system.
Upon realizing that poverty is more than just a lack of money, it can be an obvious fact that getting access to the instruments and means through which the poor could improve their lives is a crucial issue. Therefore, the fragility of this situation has triggered many sophisticated projects that aim to create solutions for the financial inclusion of more people. In that sense, financial opportunities offered by the mobile applications in especially the developing world are now transforming the entire economic system, as they are getting implemented. Technological developments like Blockchain technology are being integrated into their mechanisms to offer next-generation solutions. For example, with the help of Blockchain technology, many informal financial organizations can allow especially un/underbanked people to get access micro-credit opportunities by facilitating personal accounts created by digital identity system on the decentralized network.
As Blockchain-based micro-credit and credit scoring platform, Colendi platform uses a machine learning system to calculate the credit scores of users, unlike the traditional systems who do the same job solely based on the track records of their customers. Now, with Colendi ÐApp, we are very proud to be offering an accessible and practical tool for large masses in the direction of our “shared economy” mission. This is precisely the reason why Colendi mobile application is a golden opportunity globally.