Credito

Credit is creating a Credit Intelligence Network for the credit industry to avoid credit risk by identifying fraudulent transactions as they occur, allowing the industry to make informed decisions. Although financial institutions are commonly known as one of the most strictly regulated sectors, they remain the target of fraudsters. The consequences of fraud are not insignificant, causing financial difficulties for banks and clients. While financial institutions actively seek to identify fraud and reduce fraud costs, they do not yet have a true global intelligence of all known frauds and compromises.

Credito presents a decentralized and secured loan market and allows links between creditors and borrowers located anywhere in the world. This removes physical constraints and reduces traditional lending costs and management fees, creating a better credit market than anything that exists today.

Decentralization offers more security and confidence. It is a method for organizing anything in a way that does not require trust in a third party. Confidence is eliminated by running code that does not require administration, management, or centralized servers. By decentralizing loans, we do not require banks or other intermediaries to complete a loan transaction.

Decentralization through the use of smart contracts also removes any need for trust between borrowers and lenders, providing an unreliable and transparent loan environment not available in today's marketplace.

Smart contracts reach this goal through predefined settings, eliminating the need for trust among participants. They are also completely transparent and visible to everyone who uses an Ethereum blocker

Principles and values ​​of credit design. 

Decentralization.

Decentralization is not only the foundation of the inviolable properties of the chains of blocks, but the basis of their nature without permission. As we continue to develop decentralized systems, we seek to allow unauthorized development in Credit. We believe that decentralization is a critical element for a long-term sustainable and sustainable long-term ecosystem. 

Modularity for a simple and flexible system design.

We appreciate the philosophy of building small tools that do something good. Simple components can be easily grounded and thus safely combined in larger systems. We believe that modularity not only enables scalable systems, but also facilitates decentralization. 

Secure, transparent and extensible systems.

Credit is built for the community. We value the community and commit ourselves continuously to data scientists, domain experts, academics, and peer review security experts. We encourage formal testing, auditing and security evidence, all with the aim of creating a platform whose robustness and security can support future innovations

For more information 

Website: https://credito.io/

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

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

Twitter: https://twitter.com/CreditoNetwork

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