BlockMason – Credit Protocol CP ICO Tokens On ETH Blockchain?
Blockchains are the future of the economy. The advantage of blockchains is that they will give the user more control of their finances as well as more security. They are a secure way to transact with large amounts of money. Already the applications of blockchains are becoming evident. The BlockMason difference is that instead of decentralizing all your Ethereum public addresses, it centralizes them to create a single master identification. This is the foundation of the company. It generates a platform that is centralized for all the members of the Ethereum platform.
The only movement of money that was possible was in cash before the development of bitcoin. The same way the bitcoin revolutionized the movement of money, Ethereum revolutionizes the making and storing of money contracts on the blockchain. The next logical step after this is what BlockMason took, the decentralization of credit. This they did to democratize currency. It was done by creating a platform for permanently recorded debt and credit owed between parties.
The company also brought up Friend in Debt. It is a means to create and settle debts between acquaintances in the blockchain. It is a revolutionary new way to explore the limits of financial interactions between all members of blockchains or different Ethereum IDs. They accomplished this by the use of social networking and trusted friends.
The company has a mission to create secure applications that can potentially revolutionize our lives. You can easily find the platform on the blockchain if you wish to reach out.
- Unlike the ENS platform, which functions by only resolving a single address to one user ID, FoundationID works by resolving numerous ID protocols to a single user ID. This is the BlockMason difference.
- All the information that has been stored on one ledger belonging to one address is made easily accessible to all addresses that are linked to the same Foundation ID. By doing so, the company has laid forth a foundation for a platform of IDs that can easily interact with the blockchain. This is therefore the blueprint for a myriad other uses that are yet to be explored.
- The platform has brought the revolution in the credit system in bitcoin through their credit protocol. This is a feature that has permanent records of credit and debit owed between parties.
- Friend in Debt was created for a brand new platform in which friends can borrow and settle debts on the bitcoin network. It works for Ethereum and other applications of limited-spot nature such as Vernomo or Alipay.
They facilitate for the unifying of different Ethereum accounts, therefore making it easier for users with several IDs to access all of them at one platform.
The biggest downside of the blockchain is the relatively negative publicity surrounding it. There have been countless scams on the internet surrounding the purchase and sale of bitcoins and other cryptocurrencies.
Blockchains are also relatively new in the market, making their uses not as wide as they should be.
There have been few forms of blockchain platforms that are as revolutionary in the market as BlockMason. It has many uses and features that are different from other blockchain platforms and which will be beneficial to certain users and less attractive to others.