BlockMason Credit Protocol Whitepaper

Abstract

Introduction & Features:
There are many ways to consider a new Ethereum-based protocol: the value it
creates for a user, the value it creates for a developer, and the value it creates
for the community. At Blockmason, we are dedicated not only to building useful,
functional applications and protocols that solve real-world problems, but also to
developing platforms that inspire adoption of the Ethereum network and expand
global access to cryptocurrency.

That is why we are so excited to announce the development of our newest
product: The Credit Protocol (CP).

Until now, it was only possible to move money on the blockchain in the form of
cash. Bitcoin democratized the transfer and storage of money, and Ethereum
democratized the creation and storage of monetary contracts. With the Credit
Protocol, Blockmason has taken the next logical step in the decentralized economy:
democratizing the creation of credit. Debt and credit are already extremely
powerful financial tools, and now they will be strengthened by the security and
flexibility of the blockchain. In fact, because an individual need not own ether in
order to draw debt in ether, it is entirely possible to imagine a future in which
debts and credits recorded on the Credit Protocol could exceed the total market
capitalization of all cryptocurrencies combined, dramatically increasing the scale
of the digital economy.

It is entirely possible to imagine a future in which debts and credits
recorded on the Credit Protocol could exceed the total market capitalization
of all cryptocurrencies combined, dramatically increasing
the scale of the digital economy.

However, there is no better proof of a team’s vision and execution than its
product. At Blockmason, we have never set much store by empty promises or
flashy Whitepapers.

BlockMason Credit Protocol Website
BlockMason Credit Protocol Whitepaper

Social