A System To Record And Store Debt And Credit Obligations On The Blockchain.
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Credit Protocol is a system from BlockMason to record debts and credit between entities on theEthereum blockchain. One entity sends a debt or credit request to another and that user then confirms the debt or credit, which is recorded and stored within the Credit Protocol’s smart contract.
Use Case Authority Contracts ("UCAC") has its own set of rules, about what types of debts it will record, when it will record them and from whom it will accept them. When a UCAC wants to record data on the blockchain, the Credit Protocol smart contract will verify that the UCAC has enough staked BCPT. Only afterwards will it allow for the transaction to take place.
There are 2 further flagship products the project offers: LNDR and Link. LNDR is marketed as "Venmo built on the blockchain", while Link is an API intended to ease the process of developing on blockchains by "not requiring any blockchain experience".
The BCPT token enables users to conduct transactions.
BlockMason Credit Protocol's activity and community overview