About Credible Network

SmartPesa is the team behind Credible. It is an experienced payments and agency banking FinTech which has been powering transactions for over 8,000 business owners in 5 countries since 2014. SmartPesa’s regulatory and standards compliant platform-as-a-service provides a range of financial services across the last mile in Emerging Markets. It can be deployed on-premises or in the cloud and supports international and local cards, wallets, APIs as well as cryptocurrencies.

Credible is the SmartPesa’s team 3rd Blockchain project after successfully rolling out CryptoPayments and CryptoATM which are part of the SmartPesa product suite. We see our role as developing the first wave of Credible, helping to add data and becoming the first Trusted Escrow Agent (TEA).

Features

Data collection: Businesses own their own data. They are incentivized to build strong credit histories as they share their business credit data on the blockchain.

Data usage: Our ecosystem connects lenders, data providers, credit scorers, researchers & enterprises to contribute, verify and consume credit data.

Financial Marketplace: The Credible marketplace is open to purchase raw data, value added credit reports and loan provision facilitated by Trusted Escrow Agents (TEAs).

Technical Info

Credible has its own infrastructure, a blockchain network for public access, data contribution and querying. It is multi-country and will comprise of a large number of nodes, each a separate TEA.

Our code and design is and will always be open source and is shared on Github.

We encourage collaboration and welcome suggestions to improve the design and flow of Credible. 

  • Credible uses blockchain in a novel way to store cryptographically secured data
  • Tendermint validators ensure Byzantine-fault tolerance across all nodes
  • We adopt MongoDB as our storage layer in a noSQL database for large datasets
  • Flexible JSON data models for hierarchy, classification and querying across credit data

Credible Network Roadmap

 

  • Nov 2017 - Feb 2018

  • Run own own nodes.
    R&D on Bitcoin/Litecoin RPC + ZMQ. Bitcoin and Litecoin merchant payments.

  • APR 2018

  • Register patent for blockchain based payments (SG 10201802929R).

  • JUN 2018 - AUG 2018

  • Token Sale.

  • Q3 2018

  • Publish credit data model and taxonomy (systematics, structure, hierarchy).

  • Q4 2018

  • R&D on Credible (data replication, consensus, trial data, noSQL storage), incorporate local offices in PH.

  • Q1 2019

  • Design Credible RPC (interface, validation), Credible Token acceptance payment.

  • Q2 2019

  • Launch Credible testate with Credible Explorer. First 20 nodes shared keyring, joining and recovery.

  • Q3 2019

  • Credible SDKs for Mobile publish Credible RPC interface for add, validate, search, purchase credit data.

  • Q4 2019

  • Onboard existing merchants onto new blockchain with terminal service provides (TSP) and merchant service provides (MSP).

  • Q1 2020

  • Sign on data consumers (MFI, banks, loan providers).

  • Q2 2020

  • Credit scoring model, loan provision support.

  • Q3 2020

  • Dynamic data pricing exchange.
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