Topic: [ANN][CROWDSALE] Global Credit Profile - Pave: A Decentralized Credit Bureau - page 7. (Read 3315 times)
October 03, 2017, 01:29:29 PM
Where can we access the details of your company to cross check the numbers you present? Like how can we know you helped 22m in loans?
October 03, 2017, 01:22:55 PM
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October 03, 2017, 01:20:27 PM
In this area, do you have competitors? How do you compare this project with them?
October 03, 2017, 09:26:11 AM
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October 03, 2017, 09:22:12 AM
Pave - Global Credit Profile
Building a decentralized credit bureau
Pre-sale stage has started!
Contact: [email protected] for details
GCP.Pave aims at building a unique decentralized credit bureau which will forever change the
way people perceive credit. Lack of access to credit is a global problem. The World Bank
estimates that 2 billion people worldwide “do not have access to a basic bank account” and
that in all regions apart from high income economies borrowing from friends
and family is often the only way to access credit.
way people perceive credit. Lack of access to credit is a global problem. The World Bank
estimates that 2 billion people worldwide “do not have access to a basic bank account” and
that in all regions apart from high income economies borrowing from friends
and family is often the only way to access credit.
Pave will use Blockchain technology to put consumers in control of their own
financial profile and in doing so, empower the individual to become their own
form of credit bureau, more accurate, complete and secure.
financial profile and in doing so, empower the individual to become their own
form of credit bureau, more accurate, complete and secure.
Having spent 5 years lending to those with limited credit histories, Pave is building
a decentralized and Global Credit Profile (the “GCP”) that gives a user visibility,
ownership and control over their financial data.
a decentralized and Global Credit Profile (the “GCP”) that gives a user visibility,
ownership and control over their financial data.
Diagram showing the current consumer credit ecosystem versus the Pave envisaged ecosystem
With the launch of the GCP, Pave intends to develop a decentralized ecosystem and
marketplace for the transaction, utilization and validation of consumer financial data. By removing the
middlemen and placing individuals in charge of their financial data, Pave’s GCP will enable a faster,
more reliable and cheaper transmission of financial data. The effect of this change will distribute
profits currently being made by the credit bureaus and credit scoring companies back
to consumers and the providers of data. By empowering individuals with access
to their financial data, millions of people’s lives will be impacted
for the better through better access to credit.
marketplace for the transaction, utilization and validation of consumer financial data. By removing the
middlemen and placing individuals in charge of their financial data, Pave’s GCP will enable a faster,
more reliable and cheaper transmission of financial data. The effect of this change will distribute
profits currently being made by the credit bureaus and credit scoring companies back
to consumers and the providers of data. By empowering individuals with access
to their financial data, millions of people’s lives will be impacted
for the better through better access to credit.
Pave plans to introduce a global credit access token (a “GCAT”) to enables access
to the Pave ecosystem and marketplace. Through the purchase of a GCAT, holders will be empowered
and incentivized to upload, view and transact consumer financial data. Holders will also be able
to gain access to and exchange their tokens for products and services pay for Apps that
evolve within the Pave ecosystem. The only means of accessing the Pave ecosystem is via the GCAT.
to the Pave ecosystem and marketplace. Through the purchase of a GCAT, holders will be empowered
and incentivized to upload, view and transact consumer financial data. Holders will also be able
to gain access to and exchange their tokens for products and services pay for Apps that
evolve within the Pave ecosystem. The only means of accessing the Pave ecosystem is via the GCAT.
As more and more users connect their financial data via the GCP, an unrivaled set of financial
data will be created and network effects will start to kick in. Financial service providers and other users of financial
data will be attracted to join the ecosystem due to its unique breadth and depth of data,
as well as attractive costs compared to incumbent data providers. Users will be attracted to connecting
their financial data because of the visibility and control it affords and the better access to financial
products and services. As more and more users join the Pave ecosystem the value of the
network will grow. This increase in value in turn will push up the value of each
token as the number of tokens is absolute.
data will be created and network effects will start to kick in. Financial service providers and other users of financial
data will be attracted to join the ecosystem due to its unique breadth and depth of data,
as well as attractive costs compared to incumbent data providers. Users will be attracted to connecting
their financial data because of the visibility and control it affords and the better access to financial
products and services. As more and more users join the Pave ecosystem the value of the
network will grow. This increase in value in turn will push up the value of each
token as the number of tokens is absolute.
Those people who have been devoting immense amounts of effort to traditional Pave and who basically brought it to the point where it is now, are going to work on GCP. This fact, again, fosters the belief in success of the new venture.
We also acknowledge and appreciate the help of our professional advisors who support us in creating the GCP
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