Credit scoring is an extremely centralized financial service today that excludes most of the global population. The world is not only deprived of a universal credit scoring service that is democratized and decentralized but also fails to meet the needs of nearly 40% of global population.
Colendi is a decentralized financial credit scoring platform that is based on the Ethereum blockchain. Through its patented algorithm, it renders the smartphone and social media data to compile a unique credit score for each user that will serve as a financial passport. By simply using our app, users can join our community to access microcredits, P2P financing, and installment shopping.
Colendi architecture is based on ethereum blockchain and IPFS. However, the sophistication of our technology is in a quantum leap level which uses machine learning in both decentralized credit scoring engine and multidimensional fraud engine. The big data-oriented structure base is revolutionary in terms of its capability of handling the complexity of the active data evaluation and decision-making problems hassle-free.