Overview:
It is a blockchain based decentralized platform which is provides transparent exchange of data between data provider and purchaser with the reward mechanism.
Problem:
After the major data breaches in Equifax, Yahoo, Facebook, many questions have raised about data security, how safe is our data in centralized system, recent data breach of Facebook, Cambridge Analytica tried to manipulate the voters using its analysis.
Some of the major problems in the data buyers and sellers around the trust are financial drain, due to hidden data factories, lot of money is wasting for it and data inaccuracy also cause problems.
Solution:
Creditor came up with the solution of trustable decentralized market place, where users i.e. data owners can share their data with the data buyers. It is aiming to become decentralized trustworthy market place for global data industry. It will reward the users for sharing the data and gives access to track their data.
It uses blockchain technology to ensure information provided by the user is safe in the blocks and smart contracts ensures transparency in payments.
Working:
Whenever data owner submits his personal data, it may be any of these, social media activity, health records, IOT, transactions etc. it will send to data verifies they will cross check it and verifies for genuineness, after that data buyers submits project requirements in this data market place, data owners can choose their projects according to their convince, finally they both dos the transaction using smart contracts. Owners submit their data it will be stored in Storj.io, they can also retrieve it back.
Storj.io:
It is a blockchain based decentralized cloud data storage, used to store the data of users, it is partnered with creditors.
Token economy:
Creditor issues utility token called “CDRT” which can be used in the internal ecosystem of the platform for the rewards and services.
Token details:
Token symbol: CDPT
Token Standard: ERC-20
Total supply of tokens: 3,400,000,000
1 CDPT=0.000044 ETH
Softcap: $2,000,000
Hardcap: $20,000,000
Public Pre-sale: 31st July to 30th Aug 2018
Main sale: 02nd Sep to 16th Oct 2018
Team:
Viktor Ihnatiuk (Co-Founder and CEO)
He has 6 years of entrepreneurship experience. In his 23 years he achieved a lot: founded peer-2-peer lending platform uCredit that was acquired in 2016, was 29 Creditor Data Platform hired as a CEO of Boxdrive — one of the first companies that operates in decentralized cloud storage market.
Yehor Butko (Co-Founder and CTO)
Served as Tech Lead for Luxoft and Global Logic companies, associating him with companies within the financial sector, cybersecurity, and oil & gas industry. Yehor and Viktor started Creditor in March 2017. Later Yehor joined an external team of Storj Labs as a software developer
Zoltan Szalas (Advising CMO)
He has extensive experience in technology, marketing, and strategic partnerships. He is the Co-Founder & CMO of Croissant, a world’s leading digital coworking pass that operates in over 20 cities with over 10,000+ customers worldwide. He is also an avid 30 Creditor Data Platform crypto investor and the Founder of Zaruti, a savings account for cryptocurrencies.
Verdict:
Pros:
• Website and whitepaper has clear explanation of the project
• MVP for the lenders is available in their website
• Roadmap is drafted very clearly, it shows the vision till 2024 January
• It is partnered with Debitize, Taplend and invFintech.
• Core team members are experienced in cryptocurrency, software development, cyber security.
Cons:
• Social media hype is poor, its telegram community has 1.4k+ members
• Only two advisory members for this project
Links:
Website: https://creditor.ai/
Whitepaper: https://creditor.ai/documents/Whitepaper.pdf
Telegram: https://t.me/creditorplatform
Twitter: https://twitter.com/datacreditor
Facebook: https://www.facebook.com/creditordataplatform/
Reddit: https://www.reddit.com/user/creditordataplatform/
Bitcoin talk Username -anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a