Introducing Creditcoin: Your "Trustless" Credit Manager

Creditcoin is a layer 1 network built on the EVM and geared towards providing decentralized credit management infrastructure, and targeting emerging markets. It determines the credit worthiness of businesses seeking loans from companies in a trustless manner. Partnering with fintech companies like Aella, Creditcoin acts as a reliable middleman to connect these businesses to companies providing such loans.

The 2008 financial crises played a huge role in the rise of web 3 technology (i.e., blockchain and crypto). One major cause of this crises was the mismanagement of funds by trusted bankers who over lent money to the high class and delay in repayment resulted in the shortage of cash available for other customers. This caused a ripple effect in the US and global economy leading to the loss of jobs and businesses. Thus, many undeserving people were thrown into sudden poverty ...