Join Our Mailing List
Saturday January 28, 2023
Bitcoin (BTC) $23,046.17   Ethereum (ETH) $1,577.33
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Services

Colendi: New blockchain credit scoring and microcredit protocol launches app

Published by CryptoNinjas.net
08/08/2018
Colendi: New blockchain credit scoring and microcredit protocol launches app

Colendi, the microfinance-focused credit scoring solution for the unbanked and underbanked, today announced the availability of the initial version of the company’s flagship Colendi app.

The blockchain based protocol makes microcredit, peer-to-peer lending and installment shopping a reality for traditionally underserved populations everywhere.

The app is practical, modern and uses blockchain-based intelligent credit scoring and fraud detection to solve a financial challenge affecting more than 40 percent of the world’s population.

The Colendi ecosystem consists of three (3) main components:

  • Colendi Score – A digital score uniquely calculated by the Colendi protocol for each user. Colendi Score is created based on transactions, smartphone, social media data and more than 1,000 pieces of personal information. The proprietary Colendi algorithm then stores this score as a smart contract on the Ethereum blockchain.
  • Colendi ID – The self-sovereign digital identity Colendi provides to connect a user’s Colendi Score to their digital wallet. A Colendi ID allows customers to share their profile and scoring privately and securely, without the data being exposed to any lender, merchant or partner company on the Colendi platform.
  • Colendi Wallet – Where users manage all activity related to their Colendi Tokens (CODs).

“We’re impressed by the work of the Colendi team overall, and with the sophistication of this first product that will enable decentralized credit scoring. There are a number of companies out there with ideas on what the market needs, but the expertise and experience of the Colendi team as it relates to the needs of the unbanked and underbanked, as well as from a technological perspective, are unmatched and will ultimately lead to the company’s growth and success.”

Colendi advisor and Enigma co-founder Can Kisagu

The AI-based Colendi protocol has already been used to calculate more than 1 million users’ Colendi Scores and can easily be connected to social media accounts and personal information for new users to obtain theirs. Once this score is calculated it is moved to the Ethereum test network. In time the Colendi Scores will be moved to the Mainnet.

“We are extremely proud to debut our expert team and initial app to the market. Each of Colendi’s founders has created and led successful organizations for years in business, finance, technology, and with a particular focus on serving the underbanked. With strong support from top advisors and leading global partners ConsenSys, Token Foundry and Sparkchain, our team has developed a product that will revolutionize the credit assessment process and bring financial opportunities to so many around the globe.”

Bülent Tekmen, co-founder, and CEO of Colendi

Future releases will offer users the ability to oversee transactions as well as multiple financing options.

The initial version of the Colendi app is available now at the following link on both iOS and Android: https://hi.colendi.com/earlyaccess.

42
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Fintech services platform Colendi acquires enterprise blockchain company SETL

06/27/2022
Fintech services platform Colendi acquires enterprise blockchain company SETL

Colendi, the fastest-growing embedded fintech services platform in Turkey and surrounding regions, today announced it has acquired London-based blockchain settlements and payments provider SETL. Launched in 2015, SETL is an enterprise blockchain company known...

Read more

Blockchain credit and scoring app Colendi launches for mobile

04/22/2019
Blockchain credit and scoring app Colendi launches for mobile

Colendi, a blockchain-based micro-credit and credit scoring platform, announced that the Colendi DApp is now available for iOS and Android. It is available for all, and users can now directly download it from their...

Read more

Etherisc launches consortium to bring increased protection to crypto lending market

07/10/2018
Etherisc launches consortium to bring increased protection to crypto lending market

Etherisc, a global, decentralized insurance platform for collectively building insurance products today has announced the launch of a blockchain consortium to create Collateral Protection Insurance (CPI) for the crypto lending market. In the event...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy