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Topic: [ANN][CROWDSALE] Global Credit Profile - Pave: A Decentralized Credit Bureau - page 2. (Read 3312 times)

newbie
Activity: 56
Merit: 0
peple from nigeria can take part??
We don’t see any obstacles for that
newbie
Activity: 56
Merit: 0
Can I reserve Finnish translation for your future tokens
Yes, sure, we’ll reach everything is sorted out
newbie
Activity: 35
Merit: 0
peple from nigeria can take part??
member
Activity: 70
Merit: 10
Can I reserve Finnish translation for your future tokens
newbie
Activity: 56
Merit: 0
so, in the case of gcp, whom the lenders are going to trust - people or data providers?
This is the core of our product - they will have possibility to trust both. The reason for that is that user profiles will be constructed by users and data providers together, thus allowing users to affect lenders’ decision for the first time in the history of crediting
newbie
Activity: 56
Merit: 0
why would lenders distrust people directly?
Well, it would be perfect world if everybody always told the truth. Most lenders opt out from trusting the users and instead resort to credit bureaus services because it is much more difficult to trust the user as they have a reason to be untrustworthy and, more often than not, little to lose if they are discovered.
newbie
Activity: 56
Merit: 0
Why do you need blockchain for getting the GCP work?
See, until today, centralized record keeping agencies have been a necessary part of the consumer credit ecosystem throughout the world. While these centralized systems have provided a much needed service and acted as the “sources of truth” between third parties, they have also given rise to the systemic issues described herein. The innovations brought on by the blockchain have enabled us to distribute data across many nodes, and therefore distribute that trust. This can act as the new source of truth and remove our necessity to rely on any one institution.
member
Activity: 84
Merit: 10
so, in the case of gcp, whom the lenders are going to trust - people or data providers?
newbie
Activity: 56
Merit: 0
Haw do you see you future?
This can be seen in the ‘Roadmap’ segment on our official website
newbie
Activity: 56
Merit: 0
Like the design
Thanks, it was meticulously worked on
newbie
Activity: 56
Merit: 0
newbie
Activity: 56
Merit: 0
It says in the WP that third parties can access users’ data on ‘unsolicited’ basis, so, doesn’t it entail a whole lot of unwanted spam?
No, if it is indeed unwanted. See, the users will actually be rewarded for letting third parties market their products to them. If he or she doesn’t want that, the privies are easily denied the access by users themselves
member
Activity: 82
Merit: 10
newbie
Activity: 56
Merit: 0
So, every lender out there can get the access to my data?
No, Pave is committed to approve all the third parties desiring to use the GCP. Only then are those parties considered as ‘Validators’ in the Pave blockchain
newbie
Activity: 56
Merit: 0
Will there be any other data consumers apart from lenders? I mean, other businesses
In essence, any privy will find our app useful, but lender, naturally will form the bulk of the third parties. However, there are other entities, such as, for example, landlords wishing to have comfort on a renter’s credit worthiness
member
Activity: 84
Merit: 10
So, every lender out there can get the access to my data?
member
Activity: 177
Merit: 11
Will there be any other data consumers apart from lenders? I mean, other businesses
newbie
Activity: 56
Merit: 0
In case a user hasn’t filled all the forms when authorizing for the first time, is it okay?
In this case this profile will not be deemed a ‘complete profile’ and that will inevitably be a cause for concern for potential lenders
full member
Activity: 672
Merit: 100
that is great, what explain of the problem credits it is very good. but how did you implementation this project and what the special to use this platform
newbie
Activity: 56
Merit: 0
i was so interested will join this project when i look and read this thread but i don't know still about the project mission, maybe i will read again step by step, from it i will understand about your project mission

I can say you that the most important part of the WP is 'Product description' starting from page 18. Buckle down on this part - this is where the essence of the project is contained.
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