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I believe 360 appCredo360
Blockchain and other DLT technologies, either through cryptocurrencies or Smart Contracts, are often described as "without trust" technologies. They allow users to negotiate with each other without having to rely on intermediaries they trust, such as banks or notaries, in order to ensure that the transaction takes place in a secure manner.
However, in this world of DLT, the lack of trust is limited to portfolios rather than to the people themselves. If we look at e-commerce in general, sending payments via cryptocurrency will ensure that you can prove irrefutably that the transaction took place – because everyone has the same copy of the same ledger – but not c & # 39, is a way of proving that the recipient will actually send the goods.
It is important to stress that this is beyond the scope of what cryptocurrencies try to achieve. Many services that have been in operation for years before the birth of cryptocurrencies have faced the same problem. Noteworthy examples include platforms like eBay where scammers have been able to use these platforms to make scams in the past. While banks or credit card companies can verify that the money has been sent, the sellers still have to trust that they will meet their promises. Similarly, the seller has no guarantee that the buyer, when requesting a refund, states that the item has not arrived or has arrived in a damaged state. These platforms have traditionally solved the problem by linking online identity on their platform to a "score" that buyers and sellers analyze before engaging in the transaction. This is not infallible, but it works. Additional services such as PayPal have been used to further curb abuse, but have a cost.
The downside of these platforms is that reputation is centralized on that system, which means that your good score on one platform can not be transferred to one another.
Credo360 uses a similar approach to create a peer-to-peer network focused exclusively on social credibility, which allows people to send transactions to strangers knowing whether they should (or should not) be trusted. Acts as what defines a "digital identity card" giving users the ability to maintain a score that reflects their reputation and ensure that people they know leverage their credibility to secure them, without divulging their personal informations.
Because the credibility score is stored on a blockchain, it becomes personal, portable, verifiable and private as users can control who can see their reputation.
According to Irakliy Khaburzaniya, CEO;
"Trust is one of the biggest problems in today's world: the old trust mechanisms that used to work 20-30 years ago are no longer working, and the new mechanisms have not yet been developed. the technologies needed to build systems able to establish an immediate trust among people without sacrificing the privacy of anyone.One of these technologies is blockchain, and with the maturation of this technology, we are not looking to make a a completely decentralized system Our ultimate goal is to bring about the security and honorable trade of a traditionally small community in the globalized world, but without sacrificing anyone's privacy. "
Yanni & nbsp; Shainsky, Credo 360 CTO, said: "The ability of Credo360 to establish trust among anonymous users is a revolutionary turning point that will allow commerce to thrive on sites like Reddit and could reinvigorate sites like Craigslist, where distrust and rampant frauds can be a status quo: startups based on the new paradigm of the "sharing economy model" can use the Credo360 to draw on the reputation of users and providers, without having to re-invent a way to select bad apples. good behavior of paying a ride in a car of a stranger, will result in a smoother transaction when you rent a flat or buy tickets for the concerts. "
Credo360 has the right business values to offer a great platform to create a secure environment in which users can interact with each other for communication, sales, rental, purchase and rental purposes. The main advantage of Credo360 is that the privacy of the user is preserved. The platform is based on the review score to replace the need to reveal the identity of the user to demonstrate trust in the system. With features like an easy-to-use messenger (which can be easily integrated with existing messaging platforms like Facebook Messenger) and an efficient review scoring system that rewards users for giving feedback. For your transactional needs while maintaining a high level of privacy, it might seem like a good idea to review Credo360, especially if you have any unwanted gift that you would like to sell or buy after this Christmas season.
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Blockchain and other DLT technologies, either through cryptocurrencies or Smart Contracts, are often described as "without trust" technologies. They allow users to negotiate with each other without having to rely on intermediaries they trust, such as banks or notaries, in order to ensure that the transaction takes place in a secure manner.
However, in this world of DLT, the lack of trust is limited to portfolios rather than to the people themselves. If we look at e-commerce in general, sending payments via cryptocurrency will ensure that you can prove irrefutably that the transaction took place – because everyone has the same copy of the same ledger – but not c & # 39, is a way of proving that the recipient will actually send the goods.
It is important to stress that this is beyond the scope of what cryptocurrencies try to achieve. Many services that have been in operation for years before the birth of cryptocurrencies have faced the same problem. Noteworthy examples include platforms like eBay where scammers have been able to use these platforms to make scams in the past. While banks or credit card companies can verify that the money has been sent, the sellers still have to trust that they will meet their promises. Similarly, the seller has no guarantee that the buyer, when requesting a refund, states that the item has not arrived or has arrived in a damaged state. These platforms have traditionally solved the problem by linking online identity on their platform to a "score" that buyers and sellers analyze before engaging in the transaction. This is not infallible, but it works. Additional services such as PayPal have been used to further curb abuse, but have a cost.
The downside of these platforms is that reputation is centralized on that system, which means that your good score on one platform can not be transferred to one another.
Credo360 uses a similar approach to create a peer-to-peer network focused exclusively on social credibility, which allows people to send transactions to strangers knowing whether they should (or should not) be trusted. Acts as what defines a "digital identity card" giving users the ability to maintain a score that reflects their reputation and ensure that people they know leverage their credibility to secure them, without divulging their personal informations.
Because the credibility score is stored on a blockchain, it becomes personal, portable, verifiable and private as users can control who can see their reputation.
According to Irakliy Khaburzaniya, CEO;
"Trust is one of the biggest problems in today's world: the old trust mechanisms that used to work 20-30 years ago are no longer working, and the new mechanisms have not yet been developed. the technologies needed to build systems able to establish an immediate trust among people without sacrificing the privacy of anyone.One of these technologies is blockchain, and with the maturation of this technology, we are not looking to make a a completely decentralized system Our ultimate goal is to bring about the security and honorable trade of a traditionally small community in the globalized world, but without sacrificing anyone's privacy. "
Yanni Shainsky, Credo 360 CTO, said: "The ability of Credo360 to establish trust among anonymous users is a revolutionary turning point that will allow commerce to thrive on sites like Reddit and could reinvigorate sites like Craigslist, where distrust and rampant fraud can be status quo Startups based on the new paradigm of the "sharing economy model" can take advantage of the Credo360 to tap into the reputation of users and providers, without having to reinvent a way to select bad apples. paying a ride in a stranger's car will result in a smoother transaction when you rent an apartment or buy concert tickets. "
Credo360 has the right business values to offer a great platform to create a secure environment in which users can interact with each other for communication, sales, rental, purchase and rental purposes. The main advantage of Credo360 is that the privacy of the user is preserved. The platform is based on the review score to replace the need to reveal the identity of the user to demonstrate trust in the system. With features like an easy-to-use messenger (which can be easily integrated with existing messaging platforms like Facebook Messenger) and an efficient review scoring system that rewards users for giving feedback. For your transactional needs while maintaining a high level of privacy, it might seem like a good idea to review Credo360, especially if you have any unwanted gift that you would like to sell or buy after this Christmas season.
