Review on Blockmason Credit Protocol by Syed Adnan
Great platform for recording credits and debts on blockchain.
It can solve many problems associated with credit and debt tracking, and it can be adopted by small business owners to settle and track their corporate settlements. The use of blockchain here will provide security and transparency in transactions.
The platform presents opportunities for good development, if it is able to establish and expand its presence as a platform. The platform may require many partnerships at various levels in the industry to fully demonstrate its potential, and it has not yet achieved any significant partnerships.
Pros
- It is a blockchain driven system for tracking and settling credit and debt. Also, it is a blockchain protocol that can facilitate the development of decentralization applications.
- The platform is used in various unique smart contracts such as credit protocol data agreements, stacking agreements, case authority agreements and Flux capacitor agreements.
- agreements and Flux capacitor agreements. The platform features a dynamic transaction cost, which is determined by the amount of traffic on the network.
Cons
- During its existence in the market, it has become extremely volatile. In January 2018, its price dropped to an all-time high.
