Colendi

Colendi is a blockchain based decentralized credibility evaluation and microcredit platform, fully compatible with participation banking requirements as well as traditional financing methods. Through its decentralized structure that is built on machine learning algorithms, it gathers and processes all digital data of a user -from online sources to social media and smartphone data to accredited merchant shopping history- in order to create a universal digital identity and comprehensive credibility image. The need for microcredit mostly exists in all emerging economies and countries with high demand of participation finance services, since the number and efficiency of participation finance applications are quite limited. Considering the size of this valid potential, Colendi emerges as a practical solution for real-time credibility assessment and participation financing problems to overcome all incompatibilities of de facto financial approaches and related tools, via cutting-edge technology. Colendi deploys its decentralized intelligent credit scoring and fraud detection algorithms in order to identify truly credible users. Whether the customer is banked or unbanked, Colendi aims to provide them with microcredit as well as installment shopping opportunities in real-time, taking participation financing requirements into consideration.