Introducing Credito Network
We are happy to introduce Credito Network — Decentralizing financial Intelligence.
To get started :
- Visit our site
- Go through the whitepaper
- Help us improve the whitepaper
- Get involved in our slack
- Join our telegram channel
What is Credito Network?
Credito is a decentralized credit intelligence network running on Ethereum and IPFS coupled with Smart Contracts.
What does Credito provide?
- Financial Inclusion to the “Credit Invisibles” by providing accurate and reliable credit scores.
- A Global Credit Intelligence Network for the credit industry to prevent credit risk by identifying fraudulent transactions as they happen, allowing the industry to take well informed decisions.
- A Decentralized collateralized lending marketplace enabling connections between lenders and borrowers located anywhere in the world removing physical constraints and reducing the traditional lending costs and management fees, thus creating a better credit marketplace than anything available today.
What does that mean?
In the near future, Banks and Lenders will need Credito to:
- Get up to date and accurate credit scores.
- Score the credit card and online transactions in real-time to prevent credit fraud.
- Get detailed insights and patterns to detect transaction fraud.
- Securely lend to the verified borrows, with the option of collateralized lending to significantly reduce risk.
And this is just for The beginning
As Credito is an open network, anyone can mine the up to date data and potentially come up with revolutionary risk models. Credito will be a beneficiary of the network effect — each and every new transaction will add intelligence and value to the network.
The Shared Global Intelligence provided by Credito helps institutions across borders by sharing the risk models, and work together in fighting fraud.
If you want to get involved in Credito, the best way is to review our whitepaper and highlight anything that you don’t find clear enough.
The Credito team looks forward to seeing you on our slack and telegram
