BlockMason Credit Protocol

BlockMason Credit Protocol

Created using Figma
Created using Figma
The Credit Protocol is a revolutionary platform for the creation, storage, and tracking of debt and credit on the blockchain. Already boasting a functional dapp for splitting bills among friends, the Credit Protocol is moving blockchains forward.
Risk: High
Oct 1, 2017
Oct 31, 2017
100% completed
$1 584 115
22.4 K
cap
goal
27% goal completed
Goal 27 000 ETH
Cap 45 000 ETH
past
  • 7 CPT
    =
    1 ETH
Company Details
Registered Country
USA
Additional Details
Categories
Platform, Business services

About BlockMason Credit Protocol

Until now, it was only possible to move money on the blockchain in the form of cash. Bitcoin democratized the transfer and storage of money, and Ethereum democratized the creation and storage of monetary contracts. With the Credit Protocol, BlockMason has taken the next logical step in the decentralized economy:

Democratizing the creation of credit through permanently recorded debts and obligations.

These immutable records stored on the Credit Protocol may represent such diverse financial matters as units of account, stores of value, and standards of deferred payment. Because an individual need not own ether to in order to draw debt in ether, it is entirely possible to imagine a future in which debts and credits recorded on the Credit Protocol could exceed the total market capitalization of all cryptocurrencies combined, dramatically increasing the scale of the digital economy.

TECHNICAL BACKGROUND:

Foundation creates a single Master ID (e.g. “FoundationID”) from multiple Ethereum public addresses. This FoundationID establishes a unified identity and transactional platform for individuals on the Ethereum Network. It acts as a back-end name resolving protocol that matches multiple Ethereum address to a single FoundationID. Unlike ENS which resolves one address to one ID, Foundation resolves multiple Ethereum address to a single FoundationID.

Information stored on the ledger of one address can be shared and accessed by all addresses associated with the same FoundationID. Therefore, Foundation forms an essential building block for a unified identity that can interact with the blockchain, and lays the groundwork for countless future applications.

POWERED BY THE CREDIT PROTOCOL

Friend in Debt is our first full-fledged (and functional!) implementation of the Credit Protocol. Until now, it was only possible to move money on the blockchain in the form of cash. Bitcoin democratized the transfer and storage of money, and Ethereum democratized the creation and storage of monetary contracts. Friend in Debt provides a full working demonstration of the next logical step in the decentralized economy: democratizing the creation of credit through permanently recorded debts and obligations between parties. Debt and credit are already extremely powerful financial tools, and now they will be protected and strengthened by the security and flexibility of the blockchain.

BlockMason Credit Protocol Roadmap

  • 2017 Q2 INTERNAL ALPHA VERSION DEPLOYED TO MAINNET

  • Internal Proof of Concept Beta Deployed to Both Ropsten and Mainnet With Metamask Support.
  • 2017 Q3 COMPLETE RE-WRITE FOR V1.0.0

  • Alpha Version 1.0 of Chrome Metamask FiD Released on Ropsten for Private Testing
  • 2017 Q3 RELEASE CANDIDATE

  • Release Candidate Version 1.0 of Chrome Metamask FiD Released on Ropsten for Public Testing
  • 2017 Q3 ANNOUNCES Token Sale

  • Sale of BCPT, which powers FiD.
  • Read More
  • 2017 Q4 MAINNET DEPLOYMENT, VERSION 2 GOES INTO TESTING.

  • Contracts deployed on MainNet. Next generation contracts which supports Settlements will be deployed to TestNet.
  • 2017 Q4 FID DEPLOYED FOR MOBILE APP BROWSER

  • FiD fully tested and operational in at least one mobile app browser.
  • 2017 Q4 BASIC DEVELOPER DOCS AND UCAC AVAILABLE

  • Basic documentation on how to use CP. Another fully operational UCAC, offering different use case for CP.
  • 2018 Q1 GENERAL PURPOSE SETTLEMENTS GOES LIVE.

  • General Purpose Settlements will be deployed to MainNet.
  • 2018 Q1 DESKTOP APPS GOES INTO BETA, MOBILE APPS RELEASED.

  • Desktop Apps Betas released for public testing, Android and iOS Apps in respective stores.
  • 2018 Q1 IMPROVED DEVELOPER DOCS AND MORE UCACS AVAILABLE

  • Detailed documentation on using CP including UCAC examples, deployment guide and basic solidity guide. 5 fully functional UCACs available.
  • 2018 Q2 VERSION 3 GOES INTO ALPHA, DESKTOP APPS RELEASED.

  • Desktop Apps Released. Version 3 goes into Alpha. Interest Bearing Loans Smart Contracts released on TestNet.
  • 2018 Q2 VERSION 3 GOES INTO BETA, LOAN CONTRACTS DEPLOY TO MAINNET.

  • Version 3 released to the public for Beta Testing. Interest Bearing Loan contracts deployed to MainNet.
  • 2018 Q2 IMPROVED DEVELOPER DOCS AND MORE UCACS AVAILABLE

  • Detailed documentation on using CP including UCAC examples, deployment guide and basic solidity guide. 7 fully functional UCACs. available.
  • 2018 Q3 INTEREST BEARING LOANS WRITTEN INTO FID

  • Interest bearing loan function written into FiD.
  • 2018 Q3 OFF-CHAIN STATE CHANNELS GOES INTO ALPHA

  • Our in-house transaction aggregation and caching layer goes into Alpha Testing.
  • 2018 Q3 IMPROVED DEVELOPER DOCS AND MORE UCACS AVAILABLE

  • Detailed documentation on using CP including UCAC examples, deployment guide and basic solidity guide. 10 fully functional UCACs.
  • 2018 Q4 VERSION 3 RELEASED

  • Version 3 released to the public. This includes interest bearing loans and massively reduced transaction costs thanks to off-chain state channels.
  • 2018 Q4 IMPROVED DEVELOPER DOCS AND MORE UCACS AVAILABLE

  • Detailed documentation on using CP including UCAC examples, deployment guide and basic solidity guide. 15 fully functional UCACs.

Activity

Activity:
12
VERY LOW
Posts:
402
MEDIUM
Views:
16 277
VERY HIGH
Posts:
820
VERY HIGH
Followers:
3 654
MEDIUM
Likes:
3 202
MEDIUM
Rating:
5
VERY HIGH
Reviews:
8
VERY LOW
Followers:
10 020
VERY HIGH
Tweets:
671
VERY HIGH
Members:
14 631
VERY HIGH
Alexa
Rank:
1 002 452
VERY LOW
Delta:
315 679
Year commits:
1 436
Watchers:
110
Stars:
89
Forks:
39
Open issues:
62

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Senior Software Engineer
unverified
JESSE NEE-VOGELMAN
Content Master (Consultant)
unverified
TEDDY NINH
Original Art (Consultant)
unverified
OLA VIKHOLT
Developer (Consultant)
unverified
STEVE CHUNG
Developer (Consultant)
unverified
ANTHONY DI IORIO
Co-Founder of Ethereum, Founder of JAXX
unverified
LEWIS FELLAS
Chief Investment Officer, Bletchley Park
unverified

2 ICOs

$1 584 115

Leading Crypto-News Writer, Founder of Blockchain...
unverified

Last News

$ 0.1061
-5.80%
Coin Stats
Daily, %:
-5.80%
Weekly, %:
12.96%
Monthly, %:
32.31%
Market Info
Market Cap:
$ 8.370 M
Volume 24h:
$ 394.734 K
Circ. Supply:
78.893 M BCPT
Ticker:
BCPT
ICO profit
X 0.0005
ICO Price~$215.73
3.07
risky+
5.0 20
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